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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…
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 …
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…
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
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…
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
'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
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
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 …
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…
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…
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…
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…
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, …
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…
Kerala cinema halls unlikely to open soon as coronavirus cases peak
Meanwhile, popular comedian and character artiste Suraj Venjaramoodu, who won the Kerala Gov…
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
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…
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…