Sunday 29 October 2017

GoM for 12% GST on AC eateries, composition scheme tax cut


NEW DELHI: The Group of Ministers set up to make GST composition scheme more attractive today suggested lowering tax rates for manufacturers and restaurants under the plan to 1 per cent. At present, while manufacturers pay GST at 2 per cent, the rate for restaurants is 5 per cent.

You can read more here: GoM for 12% GST on AC eateries, composition scheme tax cut

No comments:

Post a Comment

Life insurers earn more in Oct selling lesser policies

The 24-company Indian life insurance industry closed last month with new business of Rs 22,776.03 crore, up by 31.87 per cent over the prev...