• Indian Indices
  • Global Indices
  • Commodities
  • Currency
Sensex
  • Sensex
  • Nifty
{{x.close_price| number:2}} {{x.netchg| number:2}} ({{x.perchg | number:2}}%)
Open - {{x.open | number:2}}
Prev Close - {{x.prevclose|number:2}}
Today's High - {{x.high|number:2}}
Today's Low - {{x.low|number:2}}
Advances/Declines (30 Companies)
  • 1D
  • 1W
  • 1M
  • 1Yr
  • 5Yr
{{x.upd_time}}
FTSE 100
  • FTSE 100
  • DJIA
  • NIKKEI 225
  • HANG SENG
{{x.Date}}
{{x.close| number:2}} {{x.Chg | number:2}} ({{x.PChg | number:2}}%)
Open - {{x.close | number:2}}
Prev Close - {{x.PrevClose|number:2}}
Gold
  • Gold
  • Silver
  • Crude Oil
  • Copper
{{x.Trd_Date}} ( {{x.Time}} )
{{x.ClosePrice| number:2}} {{x.change| number:2}} ({{x.perchange | number:2}}%)
Exchange - MCX
Open - {{x.Open|number:2}}
Exp Date - {{x.Exp_Date}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevClose|number:2}}
Today's Low - {{x.Low|number:2}}
USDINR
  • USDINR
  • GBPINR
  • EURINR
  • JPYINR
{{x.Lasttrdtime}} ( {{x.Time}} )
{{x.ltp| number:2}} {{x.PriceDiff| number:2}} ({{x.PerChange | number:2}}%)
Exchange - NSE
Open - {{x.Open|number:2}}
Exp Date - {{x.Expirydate}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevPrice|number:2}}
Today's Low - {{x.Low|number:2}}
As On 18-Oct-2019, EOD
SENSEX
39,298.38
246.32 (0.63%)
NIFTY
11,661.85
75.50 (0.65%)
    No Companies Visited

Back to news list
  • GST council announces various rate cuts and concessions on goods

    Rates changes effective from 1 October 2019

    The GST Council in its 37th meeting held in Goa today under the Chairmanship of Union Finance & Corporate took number of decisions in respect to rates relating to goods.

    GST rates reduction-

    *18% to 12% on parts of Slide Fasteners

    *18% to 5% on Marine Fuel 0.5% (FO)

    *12% to 5% on Wet Grinders(consisting stone as a grinder)

    * 5% to Nil on:-

    i. Dried tamarind

    ii. Plates and cups made up of leaves/ flowers/bark

    * 3% to 0.25% on cut and polished semi- precious stones

    * Applicable rate to 5% on specified goods for petroleum operations undertaken under Hydrocarbon Exploration Licensing Policy (HELP)

    Exemptions from GST/IGST on:-

    * imports of specified defence goods not being manufactured indigenously (upto 2024)

    * supply of goods and services to FIFA and other specified persons for organizing the Under-17 Women's Football World Cup in India.

    * supply of goods and services to Food and Agriculture Organisation (FAO) for specified projects in India.

    GST rates have been recommended to be increased from, -

    * 5% to 12% on goods, falling under chapter 86 of tariff like railway wagons, coaches, rolling stock (without refund of accumulated ITC). This is to address the concern of ITC accumulation with suppliers of these goods. 18% to 28% +12% compensation cess on caffeinated Beverages

    Measures for Export Promotion

    Exemption from GST/IGST:-

    * at the time of import on Silver/Platinum by specified nominated agencies

    * supply of Silver/Platinum by specified nominated agency to exporters for exports of Jewellery,

    * Inclusion of Diamond India (DIL) in the list of nominated agencies eligible for IGST exemption on imports of Gold/ Silver/Platinum so as to supply at Nil GST to Jewellery exporters.

    * A uniform GST rate of 12% on Polypropylene/Polyethylene Woven and Non- Woven Bags and sacks, whether or not laminated, of a kind used for packing of goods (from present rates of 5%/12%/18%)

    GST concession in certain cases for specific period: -

    * Exemption to Fishmeal for the period 01.07.17 to 30.09.19. There were doubts as regards taxability offishmeal in view of the interpretational issues. However, any tax collected for this period shall be required to be deposited.

    * 12% GST duringthe period 1.07.2017 to 31.12.2018, on pulley, wheels and other parts (falling under Heading 8483) and used as parts of agricultural machinery.

    * Passenger vehicles of engine capacity 1500 cc in case of diesel, 1200 cc in case of petroland length not exceeding 4000mm designed for carrying upto 9 persons attract compensation cess of 1% for petrol and 3% for diesel vehicle. Council recommended same compensation cess rate for vehicles having these specifications (length and engine capacity) but designed for carrying more than 10 persons but upto 13 persons. (Presently these vehicles attract compensation cess at the rate of 15%)

    Other miscellaneous Changes:

    * Aerated drink manufacturers shall be excluded from compositionscheme.

    * Option to pay GST at the rate of 18% on transaction value at the time of disposal of specified goods for petroleum operations (on which concessional GST rate of 5% was paid at the time of original supply) provided that the goods are certified by Director General Hydrocarbon(DGH) as non-serviceable.

    * Restriction on refund of compensation cess on tobacco products (in case of inverted duty structure)

    * Prescribing modalities for allowing concessions on spare parts imported temporarily by foreign airlines for repair of their aircraft, while in India in transit in terms of the Chicago Convention on Civil Aviation. Certain other changes of technical nature for the sake of clarity in application of notification.

    * Clarifications as regards applicability of GST rate in respect of certain goods recommended by GST Council which inter-alia includes:

    * Mere heating ofleguminous vegetables (gram/lentil) for removing moisture, or to soften and puff it or removing the skin, and not subjecting to any other processing or addition of any other ingredients (salt, oil etc) would be classified under HS code 0713.

    * All “mechanical sprayers” falling under HS Code 8424 would attract 12% GST.

    * Parts like Solar Evacuation tubes for solar power based devices like solar water heater, solar steam, generation systems, would be eligible to 5% GST rate.

    * Exclusive parts and accessories suitable for use solely or principally with a medical device (falling under headings 9018, 9019, 9021 or 9022) would fall in respective headings and attract GST at the concessional rate of 12%.

    * Almond milk is classifiable under HS code 22029990 and attracts GST rate of 18%.

    * Imported stores for Navy would be entitled to exemption from IGST

    The rate changes shall be made effective with effect from 1 October 2019.

    Back to news list
Previous Stories :
More

Quick Links

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Capital Market Publishers India Pvt. Ltd.

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071.
91-22-25229720
91-22-25230011
Kindly note www.capitalmarket.com does not send any mobile SMS, whatsapp or twitter messages
giving any kind of stock recommendations.
For Capital Market Magazine Print Edition queries mail to : subscription@capitalmarket.com
For Capital Market Online Products related queries mail to : financeshop@capitalmarket.com
For any other Capital Market Website related Queries mail to : info@capitalmarket.com
To advertise on Capital Market Websites & Capital Market Fortnightly magazine mail to : advt@capitalmarket.com
Flash News 18-Oct-2019
  •  ( 16:00) Nifty end above 11,650  
  •  ( 15:53) Barometers extend rally to 6th session  
  •  ( 14:51) Asian stocks slide after weak China GDP  
  •  ( 13:19) Major block deal alert in 3M India  
  •  ( 12:07) Cyient's Q2 consol. PAT up 8.83% at Rs 98.50 cr. Q-o-Q  
  •  ( 11:50) Jay Bharat Maruti Q2 PAT down 77.1% at Rs 3.76 crore  
  •  ( 11:50) China Q3 GDP grows 6% YoY, slowest in 27 years  
  •  ( 11:47) L&T Infotech Q2 consol. PAT up 1.20% at Rs 360.10 cr  
  •  ( 11:47) Zee Entertainment Q2 consol. PAT up 6.87% at Rs 413.23 cr  
  •  ( 11:47) L&T Infotech Q2 consol. PAT up 1.20% at Rs 360.10 cr  
  •  ( 11:47) South Indian Bank Q2 PAT up 20.5% at Rs 84.48 cr  
  •  ( 11:44) RIL hits Rs 9 trillion market cap  
Show News
18 October 2019 00:00
1816.60
(0.20 %)
709.20
(-0.19 %)
3087.75
(-0.73 %)
4138.05
(0.80 %)
383.25
(-0.65 %)
2095.35
(0.34 %)
1095.90
(0.27 %)
1229.20
(0.69 %)
2645.80
(0.65 %)
2106.20
(0.12 %)
437.75
(-0.64 %)
1341.65
(0.14 %)
767.75
(-0.18 %)
246.50
(0.26 %)
1615.45
(0.72 %)
1448.05
(1.67 %)
592.80
(-0.06 %)
7318.15
(2.74 %)
121.00
(2.02 %)
143.50
(1.52 %)
202.55
(2.45 %)
1415.30
(1.37 %)
269.65
(1.58 %)
401.40
(0.00 %)
136.70
(-1.05 %)
61.40
(-0.89 %)
359.90
(1.19 %)
2057.35
(1.31 %)
734.20
(1.09 %)
150.10
(1.32 %)
51.40
(8.44 %)
Sensex 5min and Nifty 15min delayed as on .
Show Ticker
Rotate your device

Rotate your device

For the best experience please go back to portrait mode.