GST COUNCIL HIKES TAX ON CAFFEINATED BEVERAGES, CUTS RATES ON HOTEL TARIFFS

Panaji: The all-powerful GST Council on Friday more than doubled the tax on caffeinated beverages to 40 per cent and slashed the rate on hotel room tariffs. Briefing reporters after a meeting of the panel, Finance Minister Nirmala Sitharaman said the GST on caffeinated beverages has been hiked to 28 per cent plus additional cess of 12 per cent as against the current rate of 18 per cent. For Hotels, she announced nil tax for those with tari...

Mathrubhumi.com (Date:09/20/2019 18:53) Read full article >>

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India: India , officially the Republic of India [c], is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-wes
- India Wikipedia
Minister: Minister may refer to:
Friday: Friday is the day between Thursday and Saturday. In countries adopting Monday-first conventions as recommended by the international standard ISO 8601, it is the fifth day of the week. It is the sixth day in countries that adopt a Sunday-first convention, as in the Abrahamic tradition. In other coun
Council: A council is a group of people who come together to consult, deliberate, or make decisions. A council may function as a legislature, especially at a town, city or county level, but most legislative bodies at the state or national level are not considered councils. At such levels, there may be no sep
Finance: Finance is the science[citation needed] of funds management, or the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency
October: October is the tenth month of the year in the Julian and Gregorian Calendars and one of seven months with a length of 31 days. The eighth month in the old Roman calendar, October retained its name after January and February were inserted into the calendar that had originally been created by the Ro
Hotels PhotoHotels: A hotel is an establishment that provides lodging paid on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms a
Exemption: An exemption such as a tax exemption allows a certain amount of income or other value to be legally excluded to avoid or reduce taxation.