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2 mins read

GST slab changes unlikely soon; request for GST rate cut on insurance proposed by few states

Proposals have come for reducing rates for insurance, hospitality and beverages, and the online gam…

ANI   


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Gadkari asked states to pitch for reducing GST on flex engine vehicles

Union Minister of Road Transport and Highways, Nitin Gadkari, asked states to pitch for reducing GS…

ANI   


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1 min read

ED conducts raids in Gujarat in GST fraud case

The Enforcement Directorate conducted multi-city searches in Gujarat related to a money laundering …

PTI   


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1 min read

Karnataka registered 10.2% GSDP growth in 2023-24

Karnataka's GSDP soared to 10.2% in 2023-24, outpacing the national average of 8.2%, despite a seve…

PTI   


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Sitharaman underlines Centre's support to states via timely tax devolution, GST compensation arrears

In her remarks, the Union finance minister underlined the government's support to states through ti…

PTI   


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3 mins read

GST Council to deliberate on taxation of insurance premium, report on online gaming tomorrow

The Council is likely to be apprised about the ongoing drive against fake registration, the success…

PTI   


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GST Council meet: TMC's O'Brien urges Sitharaman to withdraw 18 pc GST on insurance premiums

O'Brien also expressed fear that levying a high GST rate on health and life insurance might lead to…

PTI   


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GST Council mulling 18% GST on low value transactions made via RazorPay, PayPal and more. Here's how it will impact you

At present, they are exempt on paying GST on transaction of value less than Rs 2,000. But, if the p…

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Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG

The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxp…

PTI   


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Infosys says Karnataka govt withdrawing pre-show cause notice on GST notice

Infosys says that the Karnataka State authorities are withdrawing the pre-show cause GST notice iss…

ANI   


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1 min read

GST council meeting today: Tax on health insurance premiums expected to be reduced, says report

The 54th GST Council meeting is set to make a major decision on the GST rate on health insurance pr…

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Union Finance Minister Sitharaman chairs pre-budget meeting with finance ministers of states, UTs; GST Council to meet later today

Union finance minister Nirmala Sitharaman will be presiding over the meeting. The state ministers, …

ANI   


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Sitharaman urges tax officials to prevent doubts from escalating into grievances

Union Finance Minister Nirmala Sitharaman on Friday urged officers of the Central Board of Indirect…

ANI   


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3 mins read

Budget 2024 Expectations: FAME scheme, aid for vehicle scrapping and other expectations of the auto industry

The auto industry eagerly awaits Budget 2024 with expectations like FAME 3 scheme, incentives for h…

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54th GST Council meeting to take place on September 9 in New Delhi

The 54th GST Council meeting took place on September 9, 2024, in New Delhi to address rate rational…

ANI   


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Lok Sabha passes Finance Bill, provision on LTCG tax on property transactions amended

The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…

ANI   


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Fund allocations to key sectors and schemes hiked in budget

The revenue to the government is generated from multiple sectors. Income tax contributes 19 per cen…

ANI   


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1 min read

GST collections in February rise 12.5% to cross ₹1.68 lakh crore

Gross Goods and Services Tax (GST) revenue collections for February rose by a robust 12.5 per cent …

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2 mins read

HUL receives GST demand, penalties of Rs 447.5 cr from authorities of five states

Leading FMCG maker Hindustan Unilever Ltd has received GST demand and penalties totalling Rs 447.5 …

PTI   


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Seven years of GST has lowered taxes and improved lives of 140 crore Indians: PM

The PM also highlighted that after the implementation of GST, the savings of the poor and the commo…

ANI