By Dr Ranjith Reddy The process of formulating one-nation-one-tax started long ago but reached its logical conclusion by bringing the entire country under a unified indirect taxation system and, at the stroke of midnight of June 30/July 1st, GST, the biggest and landmark indirect tax reform in Independent India, became a reality. Prime Minister Narendra […]
Hyderabad: The Group of Ministers (GoM) constituted by the GST Council to examine the taxation of the online gaming industry held a meeting on May 2 and reached a consensus on increasing the tax rate from 18 per cent to 28 per cent. And in the second meeting to be held on May 18, the […]
Hyderabad: This article is in continuation of the last article on Constitutional and Statutory Bodies This article is in continuation of the last article on Constitutional and Statutory Bodies that talked about the role played by Attorney General and Advocate General in order to maintain the Supremacy of the Constitution. GST COUNCIL The GST Council […]
By Krishank Manne The union Budget 2022 is yet another moment of expectations for the corporates, salaried classes, and huge statements of targets such as doubling the income of farmers, $5 trillion economy, tax rebates, price decrease, etc. There are also requisites from the State, be it long-pending demands or contributory permissions in infrastructure building. […]
Hyderabad: Will inclusion of petrol and diesel in the GST regime bring down fuel prices? Industry experts say that the fuel prices would come down if petrol and diesel were included in the GST regime, benefitting the customers. But such a move is fraught with the danger of leading to a severe shortfall in the […]
Hyderabad: Public health groups along with doctors and economists have urged the GST Council to increase compensation cess on all tobacco products to generate additional revenue for the government. In their appeals to GST council before its meeting on September 17, they urged the council to consider an extra-ordinary measure of levying compensation cess on […]
Tax on medical grade oxygen, oxygen concentrators, ventilators, BiPAP machines and high flow nasal cannula (HFNC) devices has been cut to 5 per cent from 12 per cent.
The Council will discuss the report of the Group of Ministers, headed by Meghalaya Deputy Chief Minister Conrad Sangma, on GST concessions on relief items.
