LPG consumers will be in for a shock with the GST regime rolled out as the prices of new cylinder will shoot up by Rs.32 from July 1, as GST removes the 5% tax bracket for domestic LPG cylinders. However, the new price varies from state to state depending on VAT imposition which ranged from 2 to 4% earlier. Another ...

Unlike what Congress proposed as a simple three-tier GST capping at 18%, the BJP-led NDA government has made it 4-slab and added 28% slab imposing one of the worst taxation system in the world, said Congress leader Randeep Singh Surjewala. Besides the Goods and Services Tax (GST), the cess included, some products will be as costlier as 43% more than ...