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Representative image | Photo Credit: Reuters The GST rate for labour charges (job work) has been increased from 12% to 18% and it is expected to hit hard the Micro, Small, and Medium-scale Enterprises (MSMEs). C. Sivakumar, president of the Coimbatore Tiruppur district Micro and Cottage Entrepreneurs Association, said one of the long-pending demands of…
The increase of the 5% limit for garments from ₹1,000 each to ₹2,500 is a positive move, said the Cloth Manufacturers Association of India (CMAI). File | Photo Credit: The Hindu The textile industry, which welcomed the revision of GST rates for the textile value chain in both manmade fibre and cotton sectors, expressed disappointment…
Finance Minister Nirmala Sitharaman on Wednesday (September 3, 2025) unveiled tax cuts for hundreds of consumer items – from soap to cars – in the biggest overhaul of the Goods and Services Tax (GST), set to take effect from September 22. Briefing reporters after a marathon daylong GST Council meeting, Ms. Sitharaman said all decisions…
Read More “GST Revamp: Who benefits? Full item-wise roundup” »
Union Finance Minister Nirmala Sitharaman. File. | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman on Wednesday (August 20, 2025) addressed the three Groups of Ministers set up by the Goods and Services Tax (GST) Council to emphasise the importance of the Centre’s proposed reforms to the GST system, including the rate rationalisation efforts. The…
Read More “FM Sitharaman addresses GoMs, explains the importance of the Centre’s GST proposals” »
Opposition Members protest in the Lok Sabha on August 11, 2025. Photo: Sansad TV via PTI As the Opposition members continued their protest, the Lok Sabha on Monday (August 11, 2025) passed the two crucial Bills pertaining to taxation without any debate. Union Finance Minister Nirmala Sitharaman introduced the Income-Tax (No 2) Bill and the…
Prayagraj: Prominent political leaders, including Union Finance Minister Nirmala Sitharaman, BJP MP Tejasvi Surya and Union minister Ram Mohan Naidu visited the Maha Kumbh on Wednesday and took a holy dip at the Sangam, officials said. Ms Sitharaman, who was accompanied by her family members, described the experience as a “profound moment” in the Sanatan…
Read More “Nirmala Sitharaman, Other BJP Leaders Take Holy Dip At Sangam” »
Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi, Thursday, Feb. 13, 2025. | Photo Credit: PTI Food prices are expected to be under control in the coming year, going by advance estimates of crop output, but the government will keep monitoring prices and act…
New Delhi: Finance Minister Nirmala Sitharaman tabled the new income tax bill – which she had mentioned in her Budget speech on February 1, and which is expected to reduce the jargon in the Income-Tax Act of 1961, making it easier to understand and implement – in Parliament on Thursday. However, as she rose to…
Read More “Amid Chaos, New Income Tax Bill Tabled In Parliament, Sent To Committee” »
Finance Minister Nirmala Sitharaman speaks in the Lok Sabha on February 11, 2025. Photo: Sansad TV via PTI India’s economy is in the midst of “a speedy rebound” after a brief moderation in the second quarter of this year, Finance Minister Nirmala Sitharaman said on Tuesday, asserting that the Union Budget 2025-26 has sought to…
Read More “Economy on speedy rebound, India to remain fastest growing nation: Sitharaman” »
New Delhi: A new Income Tax bill — promised by Union finance minister in her last year’s budget — will be tabled in parliament on Thursday, sources have told NDTV. The bill is meant to simplify the language of the tax laws and it would later be sent to Parliament’s Standing Committee on Finance. It…
Read More “New Income Tax Bill To Be Tabled In Parliament On Thursday: Sources” »
