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7 states among top achievers in ‘Ease of Doing Business’ ranking: Report

According to the commerce ministry, Business Reforms Action Plan (BRAP) report includes 301 reform points that cover 15 business regulatory areas like access to information, single window system, labour, environment, sectoral reforms and other reforms spanning the life cycle of a typical business.
Union finance minister Nirmala Sitharaman releases assessment report of the States and Union Territories under (BRAP)  2020 in presence of Union commerce minister Piyush Goyal. (Twitter/@nsitharamanoffc)
Union finance minister Nirmala Sitharaman releases assessment report of the States and Union Territories under (BRAP)  2020 in presence of Union commerce minister Piyush Goyal. (Twitter/@nsitharamanoffc)
Published on Jun 30, 2022 02:59 PM IST
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Written by Harshit Sabarwal | Edited by Chandrashekar Srinivasan, New Delhi

Morning brief: GST rate raised on some household, farm items

  • Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Union Finance Minister Nirmala Sitharaman chairs the second day of the 47th meeting of the GST Council, in Chandigarh on Wednesday. (Ministry of Finance twitter)
Union Finance Minister Nirmala Sitharaman chairs the second day of the 47th meeting of the GST Council, in Chandigarh on Wednesday. (Ministry of Finance twitter)
Published on Jun 30, 2022 08:55 AM IST
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No decision on extending GST compensation

  • Union finance minister Nirmala Sitharaman said some states did raise the issue of compensation on Wednesday after the 47th GST Council meet over two days, with the general drift being that it could be continued for a few more years, if not the five sought. But no decision on this was taken.
Analysts have maintained that the assured compensation is one reason for states pushing for lower rates on a variety of products and services, and that its end could encourage them to be more prudent.(PTI Photo)
Analysts have maintained that the assured compensation is one reason for states pushing for lower rates on a variety of products and services, and that its end could encourage them to be more prudent.(PTI Photo)
Published on Jun 30, 2022 05:59 AM IST
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ByRajeev Jayaswal, , New Delhi/chandigarh

GST rate raised on some household, farm items

Students, housewives, farmers and tourists will need to pay more for some items of daily use after the GST Council decided to raise levies on a host of items, including ink, pencil sharpeners, cutlery, LED lamps, power-driven pumps, and dairy, poultry and horticulture machinery.
A proposal to levy 28% GST on casinos, online gaming, horse racing and lottery was deferred, Union finance minister Nirmala Sitharaman said on Wednesday, following the two-day meeting of the council.(PTI)
A proposal to levy 28% GST on casinos, online gaming, horse racing and lottery was deferred, Union finance minister Nirmala Sitharaman said on Wednesday, following the two-day meeting of the council.(PTI)
Updated on Jun 30, 2022 06:06 AM IST
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ByRajeev Jayaswal, New Delhi

Pre-packed curd, paneer, makhana, wheat to attract 5% GST: See complete list

Cheque books issued by banks will now attract an 18 per cent GST. Hotel stay is also going to be costlier as a 12 per cent tax on hotel rooms below 1,000 per day will be levied
Packaged wheat will now come under GST. 
Packaged wheat will now come under GST. 
Published on Jun 29, 2022 08:49 AM IST
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By | Written by Poulomi Ghosh
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Wednesday, July 06, 2022