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4 mins read

Despite pandemic and growing health scares, India’s budget share for healthcare continues to decline

As the Finance Minister Nirmala Sitharaman prepares to present the full budget for the current fisc…

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3 mins read

India may be considering a COVID cess on high income earners — aside from more levy on fuel

Ahead of Budget 2021, India is mulling imposition of an additional COVID cess or surcharge on high …

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3 mins read

To get more oxygen concentrators, Remdesivir injections and COVID-19 vaccines, India temporarily lifts customs duty and cess on imports

Facing supply shortages on multiple ends, the Indian government has decided to lift the customs dut…

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1 min read

Kumaraswamy suggests COVID cess on ultra rich to offset revenue loss

"According to RBI and international economicassessment agencies, the GDP growth rate of the country…

PTI   


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The super rich in India may face wealth tax and one-time COVID-19 relief cess of 4%

The Indian Revenue Service Association (IRSA) has suggested the imposition of wealth tax on the sup…

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3 mins read

Haryana liquor vends reopen from Wednesday, booze to be costlier as 'Covid cess' imposed

"We are collecting exact data, there is a warehouse and a police godown and it remains to be seen w…

PTI   


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'Cess introduced in budget will boost states' agri infra'

With many opposition parties slamming the introduction of cess in the budget, presented by Finance …

PTI   


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1 min read

Govt exempts customs duty, cess on ventilators, surgical masks, PPE, Covid-19 test kits

"In the context of Covid-19 situation, considering the immediate requirement of ventilators and oth…

PTI   


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Government allows 20 states to meet GST compensation shortfall through open market borrowing

Even with consensus eluding the GST Council meeting on Monday over adoption of borrowing option to …

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13 states decide on GST compensation — only Manipur opts for borrowing entire shortfall in one go

Out of the 13, 12 states have opted for the first option, under which the Union government has o…

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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

GST Council likely to approve two-year extension of compensation cess levy

As the Council is likely to adopt the compensation formula suggested by t he Centre in the dif…

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3 mins read

India's GST revenue falls below ₹1 lakh crore for the first time this year

Though the GST revenues during June 2021 are lower than the over Rs 1 lakh crore collections rec…

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2 mins read

Three-tier GST rate structure could be announced as soon as next financial year, says report

The idea is, sources said, to move away from the present broad five rate structure of zero, …

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4 mins read

Kerala Finance Minister believes in just one economic stimulus ⁠— vaccines

A lot of states have been releasing their own stimulus packages to compensate for the strict lockdo…

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1 min read

Kerala cinema halls unlikely to open soon as coronavirus cases peak

Meanwhile, popular comedian and character artiste Suraj Venjaramoodu, who won the Kerala Gov…

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3 mins read

GST exemption on domestic supplies, commercial imports of COVID drugs to make them costlier, says Finance Minister Nirmala Sitharaman

From the GST collected on vaccine, half is earned by the Centre and the other half by the St…

PTI   


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3 mins read

A COVID-19 SMS malware is targeting users in India as they look for alternatives to CoWIN for vaccine registration

An SMS worm claiming to help users in India book a slot to get the COVID-19 vaccine is making the r…

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3 mins read

Government to exempt basic customs duty on import of Covid vaccines, oxygen and oxygen-related equipment for three months

The Prime Minister stressed that all ministries and departments need to work in synergy to inc…