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India’s ambition to become a Viksit Bharat requires an economy in which enterprises of every size can grow, wherever they begin. Over the past 12 years, our government has worked to create those conditions. The introduction of the Goods and Services Tax (GST) in 2017 established a common national framework for indirect taxation. Next-Gen GST…
There remains a glimmer of hope for the construction of a 10.4-km-long elevated corridor from Madhavaram to Nallur toll plaza. Sources in the National Highways Authority of India (NHAI) said that the project would be revived if the State government waived its portion of the Goods and Sales Tax (GST) for the proposed project. “Around…
Read More “Elevated corridor on NH5 likely if T.N. waives GST on construction materials” »
‘The concern that the IMF has expressed, and which underlies the lowly ‘C’ grade, is not going to be hastily resolved’ | Photo Credit: Getty Images/iStockphoto The release of the national accounts data for Quarter 2 recently was also one that coincided with serious concerns being expressed by the International Monetary Fund (IMF) about the…
Read More “A critical story that a chunk of the media missed” »
In a notification dated September 17, the Ministry of Finance notified that appeals against orders communicated before April 1, 2026, can be filed up to June 30, 2026. | Photo Credit: Getty Image/iStockPhoto In a further step towards making the crucial Goods and Services Tax Appellate Tribunal (GSTAT) functional, the government has notified the timelines…
Finance Minister Nirmala Sitharaman chairs a meeting of Group of Ministers (GoMs) constituted by the GST Council on Compensation Cess, Health and Life Insurance, and Rate Rationalisation at Vigyan Bhawan, in New Delhi. File. Photo: X/@FinMinIndia via PTI The story so far: The Group of Ministers (GoM) appointed by the Goods and Services Tax (GST)…
Read More “How is the GST structure being simplified? | Explained” »
Karnataka Revenue Minister Krishna Byre Gowda. File photo: Special Arrangement Reforms in the Goods and Services Tax (GST) regime with rate rate rationalisation is a welcome move, but State governments are concerned with the impact of the same on the revenues accruing to them, according to Karnataka Revenue Minister Krishna Byre Gowda. Speaking to The…
Image for representation only | Photo Credit: PTI The Supreme Court on Friday (January 10, 2025) stayed showcause notices issued by GST authorities worth over ₹1 lakh crore to online gaming companies and casinos over alleged tax evasion. A bench of Justices J.B. Pardiwala and R. Mahadevan said the matters required hearing and all proceedings…
Several proposals of Fitment Committee, comprising officials from the Centre and States GST Department would come up for review before the Council. File | Photo Credit: The Hindu The 55th GST Council meeting which is expected to decide on reducing tax rate on health and life insurance, besides considering rate rejigs on 148 items began…
Read More “GST Council meet to decide on lower taxes on insurance policies, ATF inclusion” »
Probe into fake GST billing scam reached Rajkot; firm linked to Mahesh Langa under scrutiny New Delhi: Five accused in the fake goods and services tax (GST) billing scam in Gujarat were arrested by the Rajkot branch of the economic offences wing (EOW) today. The arrests happened after the police and EOW officials searched 14…
Read More “5 More Arrested In GST Scam Linked To The Hindu Journalist Mahesh Langa’s Firm” »
Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs in a conversation with The Hindu in Chennai on September 21, 2024 | Photo Credit: Dinesh Krishnan Union Finance Minister Nirmala Sitharaman on Saturday (September 21, 2024) said the Goods and Services Tax (GST) Council is looking at the GST rates, item by item, for rationalisation…
Read More “GST Council is looking at rates item by item for rationalisation: Nirmala Sitharaman” »