GST Council meet: The goods on which GST has been lowered to 18 per cent from 28 per cent at present include pulleys, transmission shafts and cranks, gear boxes, retreaded or used tyres, power banks of lithium ion batteries, digital cameras, video camera recorders and video game consoles
4 min read23 Dec 2018The 28% GST slab for entertainment tax had hit the single-screen market the hardest, particularly in states that had, until then, charged negligible or zero entertainment tax
2 min read22 Dec 2018The shutdown is in response to the 30% corporation tax introduced by the Tamil Nadu government in addition to the 28% GST rate
2 min read4 Jul 2017Bollywood is likely to benefit from 28% GST rate, where entertainment tax is as high as 45% in Maharashtra, but low taxed regional cinema seems to be at a disadvantage
2 min read19 May 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared