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1 min read

GST collections stood at ₹1,43,612 crore in August

The gross GST revenue collections in August witnessed a 28% jump year-on-year basis, as they stood …

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2 mins read

SIMPLY PUT: How will the GST council’s tax changes affect family budgets?

GST rates were being revised to rationalise tax on certain goods and services to correct a…

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1 min read

GST rates raised again, take out your cheque books. Wait, that’s taxed too

GST rates raised again, take out your cheque books. Wait, that’s taxed too

Bhakti Makwana   


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SIMPLY PUT: How will the GST council’s tax changes affect family budgets?

The Goods and Services Tax (GST) Council held its 47th meeting last week and announced a slew of ch…

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Delta Corp shares tank 25%, Nazara Tech down 4% after GST hit on online gaming

Shares of Delta Corp fell as much as 25 % on Wednesday after the imposition of 28% GST on online ga…

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2 mins read

28% GST on crypto transactions? India is reportedly mulling another tax levy next week

A group of ministers is reportedly set to discuss a GST on cryptocurrency transactions in the count…

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Centre seeks to amend GST Act to levy 28% tax on online gaming, casinos

The central government on Friday will seek the introduction and passage of the Central Goods and Se…

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2 mins read

GST Council meet: No new tax on food delivery apps Swiggy, Zomato

It extended the period of concessional GST rates on certain COVID-related drugs by three mo…

PTI   


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2 mins read

RBI may hike benchmark lending rates by 25 bps in April: DBS

The Reserve Bank is likely to hike benchmark lending rates by 25 basis points in its bi-monthly pol…

PTI   


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1 min read

GST Council to allow e-commerce for unregistered vendors

CAIT national president B.C. Bhartia and Secretary General Praveen Khandelwal said this decisi…

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3 mins read

Meeting in the hottest year ever recorded, COP28 has a loaded agenda

With the two-week COP28 Climate Summit negotiations in Dubai starting this week, Power Shift Africa…

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2 mins read

GST council and states fail to reach consensus on compensation cess — 'No dispute, we may have differences,' says Sitharaman

“There is no dispute, we may have differences,” said Sitharaman. According to her, most of the s…

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1 min read

GST on casinos, lotteries, horse races deferred as Nirmala Sitharaman reconsiders

The GST Council on Wednesday deferred decision on levying a 28 per cent tax on casinos, online gami…

PTI   


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2 mins read

GST compensation deadlock continues — government to release ₹20,000 crore cess tonight and offers relief for small companies

The 42nd meeting of the GST Council led by Finance Minister Nirmala Sitharaman stretched over seven…

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2 mins read

40th GST Council meeting highlights – zero late fee for those who have nil tax liability, says FM Nirmala Sitharaman

Further, Sitharaman said that taxpayers who file their pending returns till July 6, 2020…

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5 mins read

GST had its hits and misses but made ₹1.3 lakh crore monthly tax, the new normal

Under GST, a four-rate structure that exempts or imposes a low rate of tax of 5 per cent on essenti…

PTI   


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3 mins read

States not choosing GST compensation options by October will have wait another two years

The sources said that such states will have to wait till June 2022 to get compensation dues, sub…

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2 mins read

GST Council gives two options to bridge compensation shortfall — states ask for seven working days to make up their mind

The Finance Ministry estimates the shortfall in cess collection this year will be around ₹2,35…

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2 mins read

Centre releases ₹17,000 cr as GST compensation to States/UTs

Goods and Services Tax was introduced in the country with effect from July 1, 2017 and states were …

ANI   


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Food items when sold loose won't attract any GST, says Nirmala Sitharaman

Following uproar in the Parliament over GST on food items, Union Finance Minister Nirmala Sitharama…