Services Tax

Timelines
#FinancialBytes: GST Refund Process - How to claim your refund?

10 May 2020

#FinancialBytes: GST Refund Process - How to claim your refund?

The Goods and Services Tax (GST) regime in India was meant to make businesses hassle-free and more compliant. But, the mammoth of unclear guidelines have made it rather difficult for them.

Budget 2020: Nirmala Sitharaman reveals three themes of Budget

01 Feb 2020

Budget 2020: Nirmala Sitharaman reveals three themes of Budget

As she rose to present her second Union Budget today, Finance Minister Nirmala Sitharaman said the budget for the financial year of 2020-21 revolves around three themes: Aspirational India, Economic development for All, and building a Caring society.

#FinancialBytes: GST Refund Process - How to claim your refund?

08 Dec 2019

#FinancialBytes: GST Refund Process - How to claim your refund?

The Goods and Services Tax (GST) regime in India was meant to make businesses hassle-free and more compliant. But, the mammoth of unclear guidelines have made it rather difficult for them.

It's bad: What Nobel-winner Abhijit Banerjee said about Indian economy

15 Oct 2019

It's bad: What Nobel-winner Abhijit Banerjee said about Indian economy

On Monday, Indian-born Abhijit Banerjee was rewarded the Nobel Prize, along with his wife Esther Duflo and Michael Kremer for their experimental approach to alleviate poverty.

Nirmala Sitharaman's husband criticizes Modi government over economic slowdown

14 Oct 2019

Nirmala Sitharaman's husband criticizes Modi government over economic slowdown

On Monday, noted political economist and Union Finance Minister Nirmala Sitharaman's husband Parakala Prabhakar said that the government is in denial about the economic slowdown in India.

Global Business Forum: Modi invites businesses to invest in India

25 Sep 2019

Global Business Forum: Modi invites businesses to invest in India

On Wednesday, Prime Minister Narendra Modi delivered keynote address at Bloomberg Global Business Forum in New York.

Amid economic slowdown, Anurag Thakur faces embarrassment at auto event

06 Sep 2019

Amid economic slowdown, Anurag Thakur faces embarrassment at auto event

On Friday, Minister of State for Finance Anurag Thakur addressed the slowdown in the auto industry at the Automotive Component Manufacturers Association of India (ACMA) annual summit in New Delhi.

Indian Railways: E-tickets to get costlier as service charge restored

01 Sep 2019

Indian Railways: E-tickets to get costlier as service charge restored

In what might come as a disappointment to passengers, e-tickets booked through Indian Railways Catering and Tourism Corporation (IRCTC) are set to get costlier, starting from today, ie. September 1.

NITI Aayog CEO says 'too many reforms' behind economic slowdown

03 Aug 2019

NITI Aayog CEO says 'too many reforms' behind economic slowdown

Recently, data compiled by the World Bank revealed that India slipped to the 7th spot in the global GDP rankings of 2018.

#FinancialBytes: 5 apps you need to become financially literate

15 May 2019

#FinancialBytes: 5 apps you need to become financially literate

Amid busy professional and personal life, efficient management of financial matters can often become a daunting task.

#FinancialBytes: 5 credit card charges, fees you should know about

14 May 2019

#FinancialBytes: 5 credit card charges, fees you should know about

Credit cards are one of the widely-used cashless payment methods in this digital era because of the convenience they offer.

People are loving these pictures of PM with Bollywood celebrities

12 Jan 2019

People are loving these pictures of PM with Bollywood celebrities

On Thursday, Prime Minister Modi met a delegation of Bollywood celebrities, which included Karan Johar, Alia Bhatt, Ranveer Singh, and Ayushmann Khurrana, among others.

India's GDP to grow 7.5% in next two years: World-Bank

09 Jan 2019

India's GDP to grow 7.5% in next two years: World-Bank

India's GDP is expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment.

GST department freezes Mahesh Babu's account over service tax dues

28 Dec 2018

GST department freezes Mahesh Babu's account over service tax dues

Telugu superstar Mahesh Babu's bank accounts were attached by the Goods and Services Tax department on Thursday after he failed to clear his service tax dues.

India's growth very solid over past four-years: IMF Chief Economist

10 Dec 2018

India's growth very solid over past four-years: IMF Chief Economist

India's growth has been "very solid" over the past four years, IMF's Chief Economist Maurice Obstfeld said yesterday, praising the fundamental economic reforms like the GST and the Insolvency and Bankruptcy Code carried out by the government.

Rajasthan polls: Congress manifesto covers farm-loan waivers, free girl education

29 Nov 2018

Rajasthan polls: Congress manifesto covers farm-loan waivers, free girl education

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.

#FinancialBytes: 5 apps you need to become financially literate

11 Nov 2018

#FinancialBytes: 5 apps you need to become financially literate

Amid busy professional and personal life, efficient management of financial matters can often become a daunting task.

#FinancialBytes: 5 best GST software for small businesses

10 Nov 2018

#FinancialBytes: 5 best GST software for small businesses

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.

India's economic growth held back due to demonetization, GST: Rajan

10 Nov 2018

India's economic growth held back due to demonetization, GST: Rajan

Goods and Services Tax (GST) and demonetization are the two major headwinds that held back India's economic growth last year, the 23rd and former Reserve Bank of India Governor, Raghuram Rajan, said yesterday.

Delhi: Kejriwal blames BJP as 400 petrol-pumps remain shut today

22 Oct 2018

Delhi: Kejriwal blames BJP as 400 petrol-pumps remain shut today

As 400-odd petrol pumps and CNG dispensing units in the national capital remained shut on Monday in protest against the Delhi government's refusal to reduce VAT on fuels, Chief Minister Arvind Kejriwal accused BJP of "threatening" petrol pump owners to go on strike against the AAP dispensation.

Film-lovers in Madhya Pradesh surviving theater crisis. Know what happened

21 Oct 2018

Film-lovers in Madhya Pradesh surviving theater crisis. Know what happened

Film lovers in Madhya Pradesh have been deprived of watching new releases since October 5 as over 400 theatres have downed shutters in protest against entertainment tax levied by some local bodies in the state.

Orderly depreciation of rupee would increase competitiveness: World Bank official

11 Oct 2018

Orderly depreciation of rupee would increase competitiveness: World Bank official

An orderly depreciation of the rupee would increase competitiveness and relieve some pressures in the capital market, said Martin Rama, the Chief Economist for the South Asia region of the World Bank.

IMF predicts India's growth at 7.3% in 2018, 7.4% next-year

09 Oct 2018

IMF predicts India's growth at 7.3% in 2018, 7.4% next-year

India is projected to grow at 7.3% in 2018 and 7.4% next year, the IMF said today, predicting that the country will regain the tag of the world's fastest growing major economy this year.

After petrol, Maharashtra to cut diesel prices by Rs. 1.50/liter

05 Oct 2018

After petrol, Maharashtra to cut diesel prices by Rs. 1.50/liter

After reducing the petrol prices, the Maharashtra Government will cut the diesel prices by Rs. 1.50/liter, CM Devendra Fadnavis said today.

#FinancialBytes: 5 apps you need to become financially literate

29 Sep 2018

#FinancialBytes: 5 apps you need to become financially literate

Amid busy professional and personal life, efficient management of financial matters can often become a daunting task.

'Real' depreciation of Indian rupee is at 6-7%, estimates IMF

18 Sep 2018

'Real' depreciation of Indian rupee is at 6-7%, estimates IMF

The real effective depreciation of the Indian rupee this year as compared to Dec'17 is between 6-7%, according to the International Monetary Fund (IMF), which warned that it would jack up the prices of imported goods.

Bharat Bandh called on Monday: All details here

09 Sep 2018

Bharat Bandh called on Monday: All details here

Opposition parties led by the Congress has called for a Bharat Bandh on September 10 to protest against rising fuel prices in the country.

GST on overseas air tickets violates international norms: IATA Chief

04 Sep 2018

GST on overseas air tickets violates international norms: IATA Chief

Levying GST on overseas air tickets violates international norms and also weakens the competitiveness of carriers, IATA chief Alexandre de Juniac said Tuesday.

RTI applicant in MP asked to pay GST for information

02 Sep 2018

RTI applicant in MP asked to pay GST for information

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.

GST on more items could be slashed if revenue increases

09 Aug 2018

GST on more items could be slashed if revenue increases

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.

IMF asks India to consider simpler GST rate structure

08 Aug 2018

IMF asks India to consider simpler GST rate structure

The International Monetary Fund (IMF) today described the Goods and Services Tax (GST) as a "milestone reform" in India's tax policy, which unifies numerous indirect taxes across all states of the federation and the central government.

Arun Jaitley might resume office in 3rd week of August

07 Aug 2018

Arun Jaitley might resume office in 3rd week of August

Union Minister Arun Jaitley, who had undergone a kidney transplant surgery on May-14, is likely to resume the office of Finance Minister in the third week of August, sources said.

Center, industry want petroleum products under GST: Oil Minister Pradhan

01 Aug 2018

Center, industry want petroleum products under GST: Oil Minister Pradhan

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.

Center committed to doubling farmers' income by 2022: MoS Finance

29 Jul 2018

Center committed to doubling farmers' income by 2022: MoS Finance

Union Minister of State for Finance Shiv Pratap Shukla today said the Center is committed to doubling the income of farmers by 2022.

Now, only 35 goods in highest 28% tax-bracket of GST

22 Jul 2018

Now, only 35 goods in highest 28% tax-bracket of GST

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.

GST implementation not disruptive, best is yet to come: Jaitley

01 Jul 2018

GST implementation not disruptive, best is yet to come: Jaitley

On the first anniversary of Goods and Services Tax (GST) roll-out, Union Minister Arun Jaitley stressed that India has been able to implement the major indirect tax reform, GST, in the least disruptive manner.

GST anniversary: "Gamechanger" or "surgical strike"? Top leaders speak up

01 Jul 2018

GST anniversary: "Gamechanger" or "surgical strike"? Top leaders speak up

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).

GST has become a 'bad word' among common citizens: Chidambaram

01 Jul 2018

GST has become a 'bad word' among common citizens: Chidambaram

Former Finance minister P Chidambaram on Sunday attacked the central government on the first anniversary of GST regime.

GST completes 1 year today: How did your life change?

01 Jul 2018

GST completes 1 year today: How did your life change?

On July 1, 2017, Prime Minister Narendra Modi's government had implemented the Goods and Services Tax (GST) across the nation.

GST will usher 112% growth in warehousing by 2021: JLL-India

22 Jun 2018

GST will usher 112% growth in warehousing by 2021: JLL-India

Goods and Services Tax (GST) will usher in a new era for the warehousing and logistics sector in India that could see 112% growth in the sector by 2021, a report released by real estate services firm JLL India said.