"goods-and-services-tax"

India's aviation industry suffered a loss of over Rs 24,000 crore in the last two financial years during 2020-22.

Hyderabad: It’s not the first time that strange and random things trend and catch our attention on Twitter. The hashtag #PaneerButterMasala has been trending on Twitter since Wednesday morning, and there’s a reason for that— the newly revised Goods and Services Tax (GST). The rates were revised during the two-day GST council’s 47th meeting held […]

New Delhi: The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today. Following is a list of items that will get costlier: 1. GST on paper knives, spoons, forks, ladles, skimmers, cake-servers increased from 12 per cent to 18 per cent. […]

As the Goods and Services Tax (GST) regime completes five years this month, a closer look at the implementation challenges makes it clear that the States are losing out a lot in the bargain. At the time of the rollout in 2017, the GST was considered a prelude to the countrywide integrated market but in […]

Hyderabad: Telangana will seek early release of pending GST (Goods and Services Tax) compensation to the State at the 45th GST Council meeting scheduled to be held at Lucknow in Uttar Pradesh on September 17. The State government, which had strongly opposed the Centre’s attempt to impose ‘backdoor GST’ on liquor in the name of […]

Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore.

Under GST, businesses with an annual turnover of up to Rs 40 lakh are exempt from the tax.

Painting a rosy picture based on April's GST collections could be a miscalculation as all indicators point to a grim picture of the economy

Instead of selling off public sector assets, government should choose expansionary fiscal policy partially financed by monetisation for reviving demand

The 15th Finance Commission report is unfair in terms of devolutions and undermines the federal spirit

ATF or jet fuel cost, which account for for 45%-55% of an airline's operating expenses, in India is among the highest in the world and the industry has long been demanding that it should be brought under GST

"We are a bit disappointed that concerns of the telecom sector, which is the backbone of digital India, remained unaddressed," S.P. Kochhar, Director General, COAI, said in a statement.

Excise duty collection during April-November 2020, was at Rs 1,96,342 crore, up from Rs 1,32,899 crore mop-up during the same period in 2019,

Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel

Kothagudem: Tribal artisans have been asked to make use of government schemes to improve their skills and to reach a wider customer base. Awareness programme on e-marketing and one stop Government e-Marketplace (GeM) portal, Goods and Services Tax (GST) and schemes being implemented by the Development Commissioner (DC) (Handicrafts) was organised at Women Empowerment Centre […]

Collections of tax on the sale of goods and rendering of services came in at Rs 1,04,963 crore in November

It would be mandatory for businesses to follow the QR code provisions from April 1, 2021 to avail this penalty waiver

An increase in rail freight collection, higher goods and services tax mop-up, rise in power demand and improved FDI inflows indicate that the economy was doing better, said Union Minister

Centre must increase public spending to stimulate demand and strengthen growth momentum

Council, chaired by Finance Minister Nirmala Sitharaman and comprising of state finance ministers, will for the third time in a row discuss the issue of funding the shortfall of GST revenue of states