14 Mar 2020
Mobile phones are expected to become more expensive as the government has raised the rate of Goods and Services Tax (GST) on them from 12% to 18%.
21 Sep 2019
Union Finance Minister Nirmala Sitharaman addressed the media, following the 37th GST Council meeting in Goa yesterday.
09 Sep 2019
As the Indian auto industry undergoes a crisis amid a broader economic slowdown in India, automobile sales dropped sharply in August, the worst decline since 1997-98.
24 Feb 2019
In a big favor to home buyers, the GST Council, on Sunday, slashed GST on affordable housing to 1%, down significantly from the previous 8%.
04 Jan 2019
Apart from celebrating endings and beginnings, and cooking life-amending resolutions, New year is also a good time to look ahead for official policy changes taking place in the coming year.
02 Jan 2019
The New Year 2019 is finally here and it is now time to know what changes this year brings to our lives.
01 Jan 2019
As a new year's gift to the common man, the government has notified a reduction in GST on a host of products and services including movie tickets, TVs, and computer monitor screens.
22 Dec 2018
At its 31st meeting in New Delhi, headed by Union Finance Minister Arun Jaitley, the GST council decided to move 33 items from 18% GST slab to 12% and 5%.
29 Nov 2018
Loan waiver to farmers, free education to girls, unemployment allowance of up to Rs. 3,500 to educated youth are among the promises Rajasthan Congress has made in its election manifesto released in Jaipur today.
29 Nov 2018
Finance Minister Arun Jaitley today made a case for developing a federal institution like GST Council in the healthcare and farm sector.
10 Nov 2018
The Goods and Services Tax (GST), introduced on July 1, 2017, is a single-tax regime which must be followed by every registered business in the country.
02 Sep 2018
An RTI applicant has been asked to pay the Goods and Services Tax (GST) for getting information from the Madhya Pradesh Housing and Infrastructure Development Board in Bhopal under the transparency law.
23 Aug 2018
After a three-month-long hiatus following a successful kidney transplant at the All India Institute of Medical Sciences (AIIMS), Arun Jaitley is finally ready to to take up the reins as the Finance and Corporate Affairs minister again.
09 Aug 2018
Finance Minister Piyush Goyal today said the capacity to slash the GST rates on more items would go up as Goods and Services Tax (GST) revenues and the compliance rate increases and the economy formalizes.
01 Aug 2018
The Center and the petroleum industry favor inclusion of petroleum products in the Goods and Services Tax (GST) but the GST Council will take a final call on it, Oil Minister Dharmendra Pradhan said today.
01 Aug 2018
GST collections rose to Rs. 96,483cr in July from Rs. 95,610cr mopped up in the previous month, the Finance Ministry said.
27 Jul 2018
If you were looking to buy a refrigerator, washing machine, vacuum cleaner or a small-screen TV, now is the time: industry insiders say prices will fall to a two-year low after the biggest GST rate cut since November, that was announced last week.
22 Jul 2018
The Goods and Services Tax (GST) Council has pruned the 28% slab by cutting tax rates on 191 goods over the last one year, leaving just 35 items, including ACs, digital cameras, video recorders, dishwashing machines, and automobiles, in the highest tax bracket.
21 Jul 2018
After many protests, the GST Council has decided to exempt sanitary napkins from the tax, confirmed Delhi Finance Minister Manish Sisodia.
01 Jul 2018
One year ago on this day, the country's tax regime underwent a drastic overhaul with the launch of the never-seen-before-in-India Goods and Services Tax (GST).
24 May 2018
Fuel prices will come down once the Center builds a consensus to bring petrol and diesel under the Goods and Services Tax (GST), Maharashtra Chief Minister Devendra Fadnavis said.
05 May 2018
The GST Council took some major decisions in its 27th meeting yesterday. The most important is the introduction of monthly returns filing for most taxpayers, a move that will greatly simplify the current three-step process.
22 Apr 2018
The Delhi HC has sought the response of the Centre, the RBI, and the GST Council on a plea challenging a circular which prohibits banks and financial institutions from "providing any service in relation to virtual currencies such as cryptocurrencies."
06 Apr 2018
Clearing all doubts about GST on Railway services, the Finance Ministry confirmed a 5% GST would be levied on food and drinks supplied on trains and platforms.
06 Apr 2018
Amid an uproar over higher fuel rates, Union Petroleum Minister Dharmendra Pradhan on Thursday said the inclusion of petroleum products under the ambit of the GST will bring the products under a rational tax mechanism.
25 Mar 2018
The interstate e-way bill is going to be introduced from April 1 across India.
15 Mar 2018
India's new GST regime has the second highest tax rate among 115 countries with similar indirect tax systems, a World Bank report noted.
10 Mar 2018
The Goods and Services Tax (GST) Council announced on Saturday that the inter-state e-way Bill will be rolled-out in a phased manner starting April 1, 2018.
25 Feb 2018
Two months after initial plans, the e-way bill system for inter-state movement of goods will likely become mandatory from April 1, reports said.
01 Feb 2018
The e-way bill regime, devised as a tool to check tax evasion under GST, is rolling out nationwide today.
26 Jan 2018
After falling for two straight months, revenue collections under GST have risen marginally for December. The total collection in December was Rs. 86,703cr.
23 Jan 2018
Petrol prices in Mumbai crossed the Rs. 80 mark yesterday for the first time since August'14.
18 Jan 2018
At the 25th GST Council Meeting, convened in New Delhi, the highest decision-making authority on Goods and Services Tax (GST) has revised the tax rates on as many as 29 items and 53 services.
19 Dec 2017
FM Arun Jaitley announced that the government is prepared to bring petroleum products like petrol, diesel and LPG under the ambit of the goods and services tax (GST). They are now waiting for states' consensus to go ahead.
16 Dec 2017
To facilitate seamless movement of goods across states, Finance Minister Arun Jaitley-led GST Council has decided to go for an early rollout of the nationwide "electronic-way bill system" under the GST regime.
02 Dec 2017
29 Nov 2017
Earlier in November, the GST Council cut tax rates of more than 200 items in an attempt to make common-use items more affordable for the people.
28 Nov 2017
After the cabinet gave approval to create the posts of chairman and other technical members of the National Anti-profiteering Authority (NAA) under GST, government began the process.
25 Nov 2017
India's chief economic advisor Arvind Subramanian said Goods and Services tax (GST) may probably have fewer rates in the future after "collapsing" the 12% and 18% tax slabs into one.
24 Nov 2017
The GST Council, in its 23rd meeting in Guwahati, reduced the Goods and Services Tax rate for restaurants to 5% from 18%, which was expected to make eating out cheaper.