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GST rates raised again, take out your cheque books. Wait, that’s taxed too

GST rates raised again, take out your cheque books. Wait, that’s taxed too

Bhakti Makwana   


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GST on casinos, lotteries, horse races deferred as Nirmala Sitharaman reconsiders

The GST Council on Wednesday deferred decision on levying a 28 per cent tax on casinos, online gami…

PTI   


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3 mins read

GST Council may consider merging the 12% and 18% tax slab in the next meeting, says Finance Minister Nirmala Sitharaman

The Goods and Services Tax (GST) Council may choose to consider the proposal to reduce the number o…

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3 mins read

Payment of 1% GST in cash only for 45,000 taxpayers: DoR sources

The government's decision on mandatory payment of at least 1 per cent of GST tax liability in cash …

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Here’s what’s dearer and cheaper after GST roll out

From now on, India has come under one tax regime and subsumed more than 10 central and state ta…

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3 mins read

Here's how GST is going to be ‘legendary’ for logistic industry in India

The current system of indirect taxation in India is very complex and logistics faces it the …

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Here’s the list of GST rate for services; 28% for luxury hotel services, healthcare exempted

“Four tax slabs for services-5%, 12%, 18% (standard rate), 28% (luxury services),” said Jaitley.…

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Mobile phones to get costlier, thanks to GST

Under the new regime, locally manufactured mobile phones will get costlier, while imported phon…

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GST rate slabs finalized between 5% and 28%

The four-rate structure at 5%, 12%, 18% and 28% was finalized during the GST Council meeting. The s…

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Oct 1 deadline for compulsory e-invoice generation nears for firms with ₹10 crore turnover

Central Board of Indirect Taxes and Customs (CBIC) had on August 1 issued a notification regar…

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2 mins read

Rupee falls 14 paise to 79.70 against US dollar in early trade

At the interbank foreign exchange market, the rupee opened at 79.63 against the greenback, then …

PTI   


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NHPC is hiring 133 engineers with a maximum salary of ₹1,19,500 – Checkout eligibility, last date and other details

National Hydroelectric Power Corporation (NHPC) is inviting applications from eligible candidates t…

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1 min read

18% GST ruling on 'Parotas' cooks up storm on social media

New Delhi, June 12 (IANS) What is the difference between a roti and a Paratha? Apart from the taste…

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Remission of tax on exported products welcome, says TEA

However, certain taxes/duties/levies are outside GST,and are not refunded for exports such as VAT o…

PTI   


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Rajnath Singh to inaugurate National Traders Convention on Monday: CAIT

New Delhi, Jan 3 () Defence Minister Rajnath Singh will inaugurate the three-day National Traders C…

PTI   


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India is cracking down on Chinese e-commerce firms like AliExpress, Club Factory and Shein for tax and duty evasion

The companies have allegedly skirted customs duties and GST tax payments by positing these purch…

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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

Here's how GST rates will impact your monthly household budget

As per the GST law, all items falling under its regime will be imposed tax rates at 5%, 8%, 18…

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1 min read

COVID-19: Karnataka Ministers, legislators to take 30 per cent pay cut for a year

"We have passed the ordinance deferring the demand ofGST taxes, they were due by this month, govern…

PTI   


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Indian government may not meet its fiscal deficit target because of lower tax collections: India Ratings

This will be the third consecutive year when India’s fiscal deficit will be 3.5% of GDP, noted…