Thursday, May 6, 2021

archiveGST

India

Cong will bring one GST slab, if voted to power: Rahul

Mysuru, March 24: Congress president Rahul Gandhi today said if his party comes to power, it would impose one slab of Goods and Services Tax instead of five and abolish the 28 per cent GST slab. During an interaction with students at Maharani's College here in Karnataka, Afreen, a student, asked the Congress chief why there was free health care in Singapore though they have one GST slab of 7%, but India lacks despite having 28% GST. Gandhi said Prime Minister Narendra Modi would be better positioned to answer the...
India

India’s GST is the world’s most complex tax, says World Bank

New Delhi, March 16: The Goods and Services Tax is one of the most complex taxes in the world with the second highest tax rate, the World Bank has said. The GST was implemented by the Union Government on July 1 last year. GST has the second highest tax rate in the world, the World Bank has concluded after studying 115 countries that have similar indirect tax regimes. The Goods and Services Tax was launched by Prime Minister Narendra Modi's government with five tax slabs that are 0%, 5%, 12%,...
error: