Explorer

PM Modi says GST recommendations will benefit people, strengthen tax structure

In a major revamp of the GST tax structure, the GST Council on Friday removed 178 items from the highest 28 percent category while cutting the tax on all restaurants outside starred-hotels to 5 percent but withdrawing input credit facility for them.

New Delhi: Prime Minister Narendra Modi on Friday said that recommendations made by the GST Council will benefit citizens and add strength to the tax structure. In a series of tweets, Modi said - In another tweet, he said: "Jan Bhagidari is at the core of our working. All our decisions are people-inspired, people-friendly and people-centric. We are working tirelessly for India's economic integration through GST." In a major revamp of the GST tax structure, the GST Council on Friday removed 178 items from the highest 28 percent category while cutting the tax on all restaurants outside starred-hotels to 5 percent but withdrawing input credit facility for them. Industry welcomed the changes saying these would boost consumer demand. Only 50 products, including luxury and sin items, white goods, cement and paints, automobiles, aeroplane and yacht parts have been retained in the top 28 percent slab.

Top Headlines

Trump Threatens Fresh Tariffs On India Over Russian Oil, Says 'Modi Knew I Wasn't Happy'
Trump Threatens Fresh Tariffs On India Over Russian Oil, Says 'Modi Knew I Wasn't Happy'
Indian Woman Found Dead With Stab Wounds In US; Police Say Ex-Boyfriend Killed Her, Fled To India
Indian Woman Found Dead In US; Police Say Ex-Boyfriend Killed Her, Fled To India
‘She Will Pay Very Big Price’: Trump's Warning To Venezuela’s Interim Leader
‘She Will Pay Very Big Price’: Trump's Warning To Venezuela’s Interim Leader
Satellite Images Reveal Damage At Venezuelan Base Where US Forces Captured Maduro: Report
Satellite Images Reveal Damage At Venezuelan Base Where US Forces Captured Maduro: Report

Videos

Breaking: Elderly Couple Found Murdered at Home in Delhi’s Shahdara, Police Probe Underway
US-Venezuela Crisis: US Action in Venezuela Sparks Global Debate Over Sovereignty, Oil, and Precedent
US-Venezuela Crisis: Oil or Security? Debate Grows Over US Action in Venezuela and Power Politics
Indore Water Crisis: 15 Dead After Drinking Contaminated Water, Situation Still Critical
Breaking: PM Narendra Modi to Virtually Inaugurate 72nd National Volleyball Tournament in Kashi

Photo Gallery

25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Embed widget