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Moodys upgrading Indias sovereign credit rating is a recognition of a series of reforms undertaken by the government, Commerce and Industry Minister Suresh Prabhu said on Friday. (Photo: AFP)

Recent GST rate cut credit negative, says rating agency Moody's

GST Council, last week cut tax rates on white goods as well as various handicrafts items and paints.

30 July 2018 11:54 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.

States to reach out to traders, industry to list out GST grievances

Council has already allowed companies with turnover of up to Rs 5 crore to file GST returns quarterly.

26 July 2018 12:28 PM IST

Thanks to the GST rate cut, consumer durables, which have been witnessing a slower growth for the past six quarters, are expected to return to double-digit growth with the sentiments improving during the festival season.

GST rate cut to boost consumer durables sales this festive season

The government also had reduced the GST rate of paints from 28 per cent to 18 per cent.

24 July 2018 12:54 PM 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.

Consumer durables, FMCG stocks surge up to 10 pc on GST rate cut

The GST Council on Saturday cut tax rates on 88 items, including footwear, refrigerator, washing machine and small...

23 July 2018 6:29 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Govt revenue to drop by Rs 15,000 crore annually on GST rate cut

According to the interim finance minister Piyush Goyal, the revenue loss will be negligible.

23 July 2018 1:54 PM IST

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Govt cuts sales tax across sectors to ease pain of traders and...

Revenue collections from GST are a crucial pillar of government's plan to cut its fiscal deficit.

22 July 2018 1:43 PM IST

The wardens alleged action followed when she noticed used sanitary pads lying around in washroom and premises of the hostel. (Photo: Representational)

Sanitary napkins now exempted from GST

To promote tourism, now 28 per cent tax will be applicable only when the hotel bill is Rs 7,500 or above.

22 July 2018 2:02 AM IST

Deputy CM Manish Sisodia

GST Council exempts sanitary napkins from taxation

The plea to exempt sanitary napkin from GST has been going on for a long time.

21 July 2018 6:30 PM IST

Oil and Natural Gas Corporation or ONGC is a state-owned entity.

GST Council may bring natural gas, jet fuel under GST this week

However, fitting the two products in the 5, 12, 18 and 28 per cent GST tax slabs is proving to be difficult.

15 July 2018 11:40 AM IST

E-way bill provision has been decided by the GST Council and will be implemented in six months. (Representational Image)

GST council to simplify e-way bill mechanism for tax payers

The move is expected to bring more clarity in the system of bill generation.

13 July 2018 1:34 PM IST

Representational image of farmers cutting and gathering the sugarcane stems while harvesting.

Govt mulls 1 per cent cess on luxury items to build farm corpus

Seeks legal view on option; proposal to levy 1 per cent sugar cess scrapped.

12 July 2018 10:02 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 consider rate cut on items with low revenue impact on...

Government earned Rs 7.41 lakh crore from the tax since its roll out in July.

11 July 2018 4:11 PM IST