GST panel to study uniform tax rate on lottery
New Delhi: A GST ministerial panel will suggest whether a uniform tax rate should be imposed on lotteries or the current differential tax rate system be continued, the Finance Ministry said Wednesday. Currently, More...
FM Jaitley flies to US for a medical check-up
New Delhi: Finance Minister Arun Jaitley unexpectedly left for the US for a medical check-up following a kidney transplant last year, sources said. FM Arun Jaitley has left for US for a medical check up, following More...
Relief to small businesses: GST exemption limit doubled to Rs 40 lakh
New Delhi: In a bid to give relief to small businesses, the GST Council Thursday doubled the limit for exemption from payment of goods and services tax (GST) to Rs 40 lakh and announced that the higher turnover More...
Lok Sabha passes bill to grant 10% reservation to economically-weaker sections of upper castes
New Delhi: The Lok Sabha on Tuesday passed a Constitution Amendment Bill to grant 10 percent reservation in education and government jobs to economically-weaker sections of upper castes across religions. House voted More...
7th Pay Commission: No hope to get pay rise
New Delhi: Finance Ministry officials said Friday the government was canceling the pay raises beyond the 7th Pay Commission’s recommendations for central government employees, citing the “national fiscal More...
Rahul wants to have debate with PM Modi over Rafale deal
New Delhi: Congress president Rahul Gandhi on Wednesday expressed his desire to have a direct debate with Prime Minister Narendra Modi on the Rafale issue. Congress president Rahul Gandhi Today expressed his desire More...
Over 6,000 bank officers held responsible for bad loans in FY18: FM Jaitley
New Delhi: The government Friday said action has been taken against more than 6,000 officers of nationalised banks last fiscal in cases of lapses that led to bad loans. FM Arun Jaitley said “minor penalty/ More...
Ahead of polls, Maharashtra govt employees get a pay hike
Mumbai: In a major decision ahead of the Lok Sabha and state Assembly polls next year, the Maharashtra government Thursday approved the implementation of the 7th Pay Commission recommendations from January 1, a More...
GST: Focus shifts to enforcement actions, returns, refund simplification
New Delhi: It faced a huge political backlash and became the butt of jokes with opponents calling it ‘Gabbar Singh Tax’, but weathered all of it in 2018 and its proponents are confident the GST is fast More...
Future roadmap will be to work towards a single GST rate, says FM Jaitley
Mumbai: India is working towards a single national sales tax rate which could be a mid-point between 12 and 18 percent, Finance Minister Arun Jaitley said on Monday, in an effort to simplify the tax structure. FM More...
