With the implementation of a new indirect tax system (5% and 18% slabs) essential items, from milk and dry fruits to footwear and fertilisers, will become cheaper starting September 22. Meanwhile, sin goods like tobacco and sugary drinks face a steep 40% GST, with stricter valuation norms.
The Centre sanctioned funds to Andhra Pradesh as per the AP Reorganisation Act, but it neglected Telangana. "Why is Telangana not provided allocation under the same Act?" he asked.
Speaking at Viksit Bharat 2047 Ambassador Campus Dialogue at Pallavaram, the Finance Minister said that in India 43.3 cr transactions are being done every month through digital payment without any charge.
The interim budget is a practical arrangement that enables the government to fill this gap. The full Union Budget is presented by the newly-elected government after the Lok Sabha polls.
The demands were put forth by Finance Minister T Harish Rao during the 48th GST Council Meeting convened under the chairmanship of union Finance Minister Nirmala Sitaraman.
Hyderabad: Municipal Administration and Urban Development Minister KT Rama Rao appealed to the Central Government to announce a National Urban Employment Guarantee Scheme (NUEGS) in the ensuing union Budget speech to help urban poor. This should be on the lines of Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). It would aid in meeting the […]
Hyderabad: In a victory of sorts to Telangana, the GST Council has decided to defer the tax rate hike on textiles from 5 per cent to 12 per cent. The new GST rate on textiles was scheduled to be implemented from January 1, 2022. The hike to 12 per cent on the textiles met with […]
Hyderabad: Textiles Minister KT Rama Rao on Thursday demanded that the union government withdraw its decision to increase GST on textile and handlooms sector. In a letter to union Finance Minister Nirmala Sitaraman, the Minister appealed to her to take up this proposal forward in the GST council meeting which will be chaired by her […]
Huzurabad: Congress leader and Telangana affairs in-charge Manickam Tagore on Monday alleged that the money amassed in illegal ways was being distributed in Huzurabad Assembly constituency to lure voters. Addressing the media here, he said the Election Commission of India has lost its credibility as a neutral organisation since it was “supporting TRS and BJP […]
Parliament members MVV Satyanarayana of Visakhapatnam and Dr. Satyavati of Anakapalle said that the gathering would not rest until the proposal to privatise the steel plant was dropped
