Facing heat over delay in compensation, the government today released Rs 35,298 crore to states.
The matter was likely to be taken up in the upcoming GST Council meeting where states, especially the Opposition-ruled ones, expected to try and pin
Finance Minister Nirmala Sitharaman on Saturday said the government is working on streamlining the goods and services tax (GST) regime to eventually have three slabs.
Though any decision related to tax rate cut will be taken by the federal indirect
Indian Finance Minister Nirmala Sitharaman announced a slew of measures to boost India’s faltering exports. In recent years, Indian exports have grown at an annual average of just 4 per cent. Growth of 8 per cent in 2018–19 indicated a
Union Petroleum Minister Dharmendra Pradhan on Monday asked for inclusion of natural gas and aviation turbine fuel (ATF) in the goods and services tax (GST).
Key petroleum products, including petrol, diesel, crude oil, natural gas and ATF, were kept out
The Goods and Services Tax (GST) Council meeting on Friday is likely to be a stormy affair, with some states opposing the Centre’s proposal to cut tax on automobiles, citing revenue shortfalls and previous instances of businesses failing to pass
Amid clamour from the auto industry for a GST rate cut, Minister of State for Finance Anurag Thakur on Friday asked players in the sector to also take up the matter with state finance ministers who are part of the
The sluggish growth in goods and services tax (GST) revenue receipts, unless reversed quickly, could poke a ₹40,000 crore hole in central government finances by the end of this fiscal, analysts warned on Wednesday, even as a private survey showed
The “hurried and unplanned” roll-out of the GST has not only led to lower tax collections, but has also allowed frauds worth more than ₹45,000 crore to take place, West Bengal Finance Minister Amit Mitra wrote in a letter to
The ministry of road transport and highways has written to the finance ministry, seeking a goods and service tax rate cut for vehicles running on hybrid power and compressed natural gas. Business Standard has learnt that this communication was sent
To ease GST related woes for the MSME sector the Finance Minister Nirmala Sitharaman has announced that all pending GST refunds will be paid within 30 days. Further, all future GST refunds will be sorted out in 60 days, she