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1 min read

9 important changes and key takeaways from the 53rd GST Council meeting

A compilation of all the significant measures and changes announced by Finance Minister Nirmala Sit…

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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

Waive GST on helmets, road safety body urges FM ahead of the Union Budget

Road safety body International Road Federation (IRF) wrote a letter to Union Finance Minister Nirma…

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3 mins read

Cloud kitchens are restaurants, ice cream is not food and other important clarifications that will affect GST rates

One of the reasons behind this is the ever-evolving business landscape – for instance, while clo…

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4 mins read

Signs that Modi government wants to bring petrol and diesel under GST – and the reasons why it is difficult

When it was rolled out in 2017, the GST regime brought a wide range of products and almost all s…

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3 mins read

India’s GDP forecast raised but El Nino, export contraction threats hover

Economists now have a more optimistic outlook on India’s growth prospects after the ‘pleasant surpr…

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3 mins read

The Indian government is risking a tighter noose on 'tax evaders' as GST collections remain short of target

The Indian government is planning to prohibit companies from generating e-way bills for the tra…

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5 mins read

It’s good that India wants just two GST slabs⁠ but it has to ensure it doesn’t hurt consumers

However, experts say that it could also be down to just two slabs, eventually. And the latest mo…

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2 mins read

With 32 million jobs at stake in India’s auto sector, the Modi government may ease tax burden on cars

Currently, the automobile sector attracts 28% GST along with personal-use aircrafts, lotteries…

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2 mins read

Glee.S.T! January 2021 GST collection may have beat the December record

More than ₹1.2 lakh crore may have been collected in January, compared to ₹1.15 lakh crore in Decem…

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3 mins read

Government's new GST compensation formula may raise unconditional borrowing limit by 0.5%

Government sources said that the unconditional borrowing limit for states could be raised by ano…

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1 min read

GST collections drop to ₹87,422 cr in July

GST collections in July fell to Rs 87,422 crore from Rs 90,917 crore in June, according to a Fina…

PTI   


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4 mins read

Amazon, Flipkart and other e-commerce platforms may not be able to do flash sales any more, if Indian government has its way

According to the new draft regulations by the Ministry of Consumer Affairs, Food and Public Dis…

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2 mins read

Hand sanitisers soaps will attract 18% GST

Amid the ongoing debate over goods and services tax (GST) rate on hand sanitisers, the government o…

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1 min read

Countdown to GST rollout begins; Arun Jaitley says GST new journey for India

The rollout will be announced in the presence of President Pranab Mukherjee, Vice President Ham…

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1 min read

Earning income by renting commercial properties? Be ready to shell out GST. Here are the details

Rental income received from residential house is exempt. But if you have given your unit to commerc…

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1 min read

As GST date draws near, govt sets up a special war room for related queries

Just two days are left before India implements goods and services tax (GST), the biggest tax reform…

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1 min read

Leading consumer electronic retail chains are getting richer before GST

Moreover, the industry would face a slump next month since customers have already purchased what th…

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1 min read

Get ready for 7-hour GST debate in Lok Sabha today. Here are the details

The Indian Government wants to push GST roll out by July 1 and is looking for majority on the bill,…