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2 mins read

NITI Aayog member thinks that India should have only two GST slabs

Government think-tank Niti Aayog member Ramesh Chand on Wednesday made a case for only two slabs un…

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Oil Min pitches for inclusion of natural gas in GST

New Delhi, Jan 29 () Ahead of the Union Budget, the Oil Ministry has made a renewed pitch for inclu…

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1 min read

Parliamentary panel suggests lower GST rate for auto sector

The committee noted that some of the factors that contributed to slowdown are non-availability of …

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India's real estate developers want lower GST on cement-- but that is not going to make apartments cheaper

With the 35th edition of GST council meeting beginning on June 21, the government is likely to ta…

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Telecom ind urges govt to facilitate funding at lower interest rates; seeks reduction in levies

New Delhi, Jan 6 () Telecom industry on Monday urged the government to facilitate funding for telec…

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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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2 mins read

Union Budget 2020: From single-window clearance to GST relief tax benefits, here’s what hospitality industry expects from Nirmala Sitharaman

Finance Minister Nirmala Sitharaman is all set to announce her second budget on February 1. The h…

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Budget 2020 aside, these are some of the reforms that India can execute without causing political 'heat and tension'

Policy analysts at the Raisina Dialogue 2020 feel the government may be a little distracted. How…

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1 min read

Indian economists tell Finance Minister Nirmala Sitharaman to simplify GST and direct taxes

The economists were optimistic about the India growth story and put forward ways through which …

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4 mins read

India asks automakers to cut royalty payments to foreign parents, rather than seeking GST cuts

Top sources in the finance ministry said that India's tax policy on automobiles has been quite c…

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COVID-19 crisis: Certain economists, academicians for incentive to exporters, delayed GST payment

Sacchidananda Mukherjee, associate professor, National Institute of Public Finance and Policy (NIP…

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Govt unlikely to exempt GST on masks, ventilators, PPEs as it would lead to blocking of ITC

The sources said that while consumers do not gain from GST exemption on these items, the complianc…

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1 min read

SIAM seeks incentive based scrappage policy, GST rate cut on automobiles

New Delhi, Jan 27 () Auto industry body SIAM on Monday urged the government to announce an incentiv…

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Lower GST rate on aircraft MRO to boost local business, say service operators

Finance Minister Nirmala Sitharaman on Saturday said the GST Council has decided to reduce the GST…

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Central GST falls short of budget estimate by 40pc in Apr-Nov

New Delhi, Dec 9 () The Central GST collection fell short of the budged estimate by nearly 40 per c…

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Hero Motocorp wants government to take ‘urgent steps’ to help recover falling sales

Hero Motocorp posted a net profit of ₹1,257 crore for the quarter ending June 2019, up 38% from las…

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2 mins read

No possibility of any change in GST slabs, rates until revenue stabilises: Sushil Modi

New Delhi, Dec 21 () States are not in favour of increasing GST rates at a time when there is a con…

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Central GST collection at Rs 3.26 lakh cr in FY'20: Thakur

The expected central taxes revenue for 2019-20 will be re-assessed and presented as revised estima…

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Slash GST on Auto LPG, address policy issues stalling growth: Industry body to FM

New Delhi, Jan 26 () Leading industry body Indian Auto LPG Coalition has sought GST reduction on Au…

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COVID-19: SIAM seeks GST rate cut, incentive based scrappage policy to revive auto sector

Besides, it has also asked to expedite release of all pending payments to vehicle manufacturers an…

PTI