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Union finance minister Nirmala Sitharaman and MoS Anurag Thakur distribute halwa to officials during the halwa ceremonyâ€ to mark the beginning of the printing of budgetary documents in New Delhi. (Photo: PTI)

Marching to a new drumbeat: What to expect from Budget

Budget FY2020 should break this dismal trend and increase capital expenditure to 2 per cent of projected GDP.

30 Jun 2019 7:02 AM IST

15th Finance Commission chairman N K Singh.

15th finance panel stresses on dialogue with GST council

Dialogue between the commission and GST council to address various concerns on the taxation regime.

25 Jun 2019 8:28 PM IST

The Directorate General of Safeguards (DGS) has slapped a profiteering notice on Jubilant FoodWorks for allegedly not passing on GST rate cut benefit to consumers at its Dominos Pizza outlets.

Sitharaman-led GST Council meet to decide on tax cut on e-vehicles,...

To push for manufacturing electric vehicles, the Council will consider slashing GST rates to 5 pc from 12 pc, an...

20 Jun 2019 6:49 PM IST

BJP leader and Union minister Nirmala Sitharaman told reporters that elections in six of the nine seats, which have undergone elections on Sunday, were marred by violence. (Photo: ANI twitter)

Sitharaman's first GST Council meet to decide on NAA extension

The Council is likely to discuss a mechanism for single point sanctioning and processing GST refunds.

20 Jun 2019 1:57 PM IST

GST, which will replace more than a dozen central and state levies like factory-gate, excise duty, service tax and local sales tax or VAT, is Indias biggest tax reform in the 70 years of independence. (Phtoto: Representational/PTI)

GST council to introduce new GST return system

A transition plan has been worked out, said an official release on 31st meeting of GST Council, said an official...

11 Jun 2019 3:38 PM IST

Nirmala Sitharaman spoke on the on-going efforts of Indian Government to counter tax avoidance & evasion, finance ministry tweeted.

Pre-Budget consultations; Sitharaman to meet economists, industry...

The state finance ministers are also expected to give their suggestions for Budget 2019-20.

9 Jun 2019 11:59 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

GST Council to meet soon, may fix Rs 50 cr turnover threshold for...

The turnover threshold for entities to generate e-invoice for B2B sales is likely to be fixed at Rs 50 crore if the GST...

9 Jun 2019 11:39 AM IST

Electric vehicle is the future transport.

GST Council trims rate on electric vehicles, chargers to 5 per cent

The council also approved GST exemption for hiring of electric buses by local authorities.

27 July 2019 1:06 PM IST

Policy will cover all the aspects related to the land availability and granting permissions for the electric vehicle charging stations.

GST Council meet to decide on slashing tax rate for e-vehicles...

GST rate for petrol, diesel cars and hybrid vehicles are already at the highest bracket of 28 per cent plus cess.

26 July 2019 8:54 AM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Assocham seeks inclusion of petroleum products in GST

The two-year period for keeping petroleum products outside GST is almost over.

25 July 2019 1:34 PM IST

Revenue growth for the beleaguered auto components sector would halve in next two fiscals due to a steep decline in domestic vehicles sales.

Auto industry has to find its own balance to enhance demand: SIAM

At present, 60 per cent of auto components are taxed at 18 per cent.

21 Sept 2019 12:17 PM IST

Revenue collection from the Goods and Services Tax (GST) had slipped below the Rs 1 lakh crore mark for the first time in the current fiscal in June at Rs 99,939 crore. (Photo: File)

In-principle decision to link Aadhaar with GST registration

The GST Council may consider merging the two brackets 12 per cent and 18 per cent to a single bracket.

21 Sept 2019 10:42 AM IST