The Union government has overhauled GST, leaving only two slabs — 5% and 18% — from September 22, while super luxury items will attract 40%.
Senior Congress leader P Chidambaram welcomed GST rationalisation but criticised the delay, while TMC called the rollback a victory for common people.
The GST Council is set to discuss a major tax overhaul with a two-slab structure that may lower rates on essential goods, offering relief to middle-class...
Shouting slogans and making sounds by beating thalis to protest against the hike in GST, the garment shops and powerloom units observed bandh in Surat. Thousands...
Apparel and footwear prices will surge as the Central Board of Indirect Taxes and Customs (CBIC) has raised the goods and services tax (GST) on finished...
Sitharaman addressed the media and said that there have been several media speculations that whether petroleum products would be brought under the ambit of GST, to...
Union Finance Minister Nirmala Sitharaman said the Centre can certainly address the cess issue by borrowing under option 1-Rs.1.1 lakh crore through a special window facilitated...
The 42nd edition of Goods and Services Tax Council meeting was held via video conferencing on October 5, 2020. The meeting concluded with the government agreeing...
The Centre has proposed two mechanisms to meet the GST compensation shortfall, one of which is through a Rs 97,000 crore central bank window.
With Covid-19 and subsequent lockdowns putting finances of over a dozen states under severe strain, resulting in delays in salary payments and sharp cuts in capital...
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