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Finance minister Arun Jaitley at the 21st GST Council meet in Hyderabad on Saturday. (Photo: PTI)

GST Council raises composition scheme threshold for firms

The Council reached a consensus to raise the composition threshold on companies with a turnover of up to Rs 1 crore.

6 Oct 2017 4:18 PM IST

Prime Minister Narendra Modi addresses during the inauguration of the Golden Jubilee Year Celebrations of the Institute of Company Secretaries of India at Vigyan Bhavan in New Delhi. (Photo: PTI)

Facing criticism for slowing economy, Modi govt likely to ease burden...

Small and medium-sized enterprises, crucial to Modi's plans to create millions of more jobs, have been hurt by GST.

6 Oct 2017 12:24 PM IST

Finance minister Arun Jaitley at the 21st GST Council meet in Hyderabad on Saturday. (Photo: PTI)

GST Council to meet today to aid faster refunds for exporters

The full-fledged meeting of the GST Council is also likely to assess the improvements in the GST Network's functioning,...

6 Oct 2017 8:23 AM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

GST Council to meet on Oct 6; may provide relief to exporters

Group of Minister, headed by Sushil Modi will also brief the Council about the functioning of GSTN.

5 Oct 2017 7:00 PM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

GST anti-profiteering body: Govt to examine contours tomorrow

A four-member Standing Committee, comprising tax officials of the Centre and states, has already been set up to receive...

3 Oct 2017 4:41 PM IST

Chief Economic Adviser Arvind Subramanian described the GST implementation as a transformational fiscal reform that the country had not seen in the past. (Photo: File | PTI)

GST may have fewer slabs in days to come, says CEA Arvind Subramanian

Subramanian said going forward 12 per cent and 18 per cent GST slabs may probably be merged.

25 Nov 2017 9:00 AM IST

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

Joy over Moody's ratings unwise

A huge chunk of foreign investment that comes in does so as portfolio investment and goes into speculation in the stock...

19 Nov 2017 5:12 AM IST

The Minister of Law and Justice, Ravi Shankar Prasad, said the government has been of view that Right to Privacy should be fundamental right. (Photo: PTI)

Union Cabinet clears setting up of GST Anti-profiteering Authority

Currently there are only 50 items which attract highest tax of 28 per cent under Goods and Services Tax.

17 Nov 2017 9:54 AM IST

Union Law Minister Ravi Shankar Prasad. (Photo: PTI/File)

Cabinet takes care of customers' benefit, passes GST anti-profiteering...

The government did away with restrictions on the export of all kinds of pulses to help farmers get better prices for...

17 Nov 2017 2:15 AM IST

Eating out will get cheaper from Wednesday as the GST Council has slashed rates on food served in AC and non AC restaurants to 5 per cent. (Photo: Pexel)

5 per cent GST on eating out from today! Nearly 200 items become...

The GST Council slashed the rates on nearly 200 items that were placed in the topmost 28 per cent slab.

15 Nov 2017 11:20 AM IST

D&B in its Economic Forecast expects the CPI inflation to be in the range of 3.4 per cent.

Inflation at 7-month high on higher food, fuel prices

Fall in pulses price keeps rise modest; housing, fuel up.

14 Nov 2017 2:25 AM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

After GST cut, product prices need revision

CAIT pointed out that under Packaged Commodity Act, it is mandatory provision that any commodity in packaged shape will...

13 Nov 2017 4:15 AM IST