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Ralhan said that petroleum exports which has a major contribution in the exports basket has continued to growth with a positive growth of well over eight per cent. (Representational Image)

Govt notifies new duty drawback rates from October 1

AEPC said the refund rates for garments will come down to 2 pc as compared to the 7.7 pc drawback available till now.

23 Sept 2017 12:20 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)

GST collections likely to top Rs 1 lakh crore in November, December

The GST collection should cross Rs 1 lakh crore because of festive season demand.

2 Oct 2018 6:07 PM IST

Minister of State for Finance clarified that as per an earlier decision of GST Council, states may choose any date before June 1 to implement e-way bill. (Photo: ANI)

Revenue dept plans linking e-way bill with FASTag to check GST evasion

The integration of the e-way bill system with FASTag and LDB is expected to help boost tax collections.

19 Nov 2018 3:04 PM IST

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

Govt working on a proposal to incentivise digital transactions

The proposals to encourage digital transactions are likely to be placed before the GST Council.

29 April 2018 6:19 PM IST

USD 1,685.42 per metric tonne has been imposed on import of Phosphorus Pentoxide from China.

Govt slaps anti-dumping duty on import of phosphorus pentoxide from...

It is used as a powerful desiccant and dehydrating agent and is a useful building block and reagent in the chemical...

8 April 2018 5:48 PM IST

Azam Khan made statement after BJPs Bhopal candidate Pragya Singh Thakur courted a controversy by calling killer of the Mahatma Gandhi a patriot. (Photo: ANI)

SP's Azam Khan may be named as land mafia' on UP govt portal: Official

Portal was set up by CM Yogi to identify land mafia and file complaints of people over land-grab, soon after he took...

14 July 2019 2:37 PM IST

Representative Image. (PTI Photo)

Finance Ministry issues modified circular on salary contribution to...

A circular issued on 17 April had urged officers and staff of inance ministry to contribute one-day's salary every month...

1 May 2020 10:16 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.

Revenue dept to make businesses file GST returns within deadline

The due date for filing GST summary returns for a month is 20th day of the subsequent month.

20 May 2018 12:16 PM IST

The government has sanctioned GST refunds worth about Rs 12,700 crore or 80 per cent of the eligible claims of exporters.

Simplified GST return forms to be rolled out from April 1: Revenue...

The 2018-19 budget had estimated annual GST collection at Rs 13.48 lakh crore, which means a monthly target of Rs 1.12...

4 Dec 2018 1:09 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.

Free banking services out of GST net, says Finance ministry

Every bank offers a different slab of minimum balance to customers, based on which some free services are provided.

15 May 2018 4:38 PM IST

Healthcare services such as dialysis, pacemaker implantation, support devices in orthopaedics and cancer treatment could be costlier under GST.

CBEC to verify GST transitional credit claims of 50,000 taxpayers

GST collections in November stood at Rs 83,716 crore, December (Rs 88,929 crore) and January (Rs 88,047 crore).

19 March 2018 5:51 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.

Disbursal of Rs 14,000 cr export refunds to be expedited, says...

The government's focus is now shifting towards sector specific export promotion to boost India's exports.

11 May 2018 3:45 PM IST