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...
GST Council meeting underway, major relief expected for MSMEs, housing, cement industry
New Delhi: The 32nd meeting of the GST Council has started in New Delhi on Thursday. Chaired by Finance Minister Arun Jaitley, the meeting aims to provide relief to small tax payers. Finance Minister Arun Jaitley Amongst More...
23 goods and services to get cheaper from Jan 1 as reduced GST rates kick in
New Delhi: In a new year gift to the common man, the government has notified reduction in GST rates on 23 goods and services, including movie tickets, TV and monitor screen. The consumers will pay less for these 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...
CBIC extends ad-hoc Assistant Commissioners’ tenure by 3 years
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) on Saturday extended the tenure of the ad-hoc Assistant Commissioners by 3 years, who got promotions from 2014 to 2018 in temporary Group A posts More...
Not just PM, I was also accidental FM: Manmohan Singh
New Delhi: Former Prime Minister Manmohan Singh on Tuesday said that he was not only an ‘accidental prime minister’ of India but also the country’s accidental ‘finance minister.’ “People More...
99% items to be kept under 18% or less GST slab, says PM Modi
Maharashtra: Prime Minister Narendra Modi on Tuesday indicated that the 28 per cent slab of Goods and Services Tax (GST) will soon only be restricted to a few select items such as luxury items. Prime Minister Narendra More...
7th Pay Commission: Govt cancels pay raises for central employees
New Delhi: The Finance Ministry officials told The Sen Times the government doesn’t want to scrap a pay raise for central government employees, saying the the Reserve Bank of India (RBI) couldn’t More...
Only Rs 160 crore refund left with CBIC: S Ramesh
New Delhi: Central Board of Indirect Taxes and Customs (CBIC) chairman S Ramesh has said that refund is attended to as a top priority by his organisation, which comes under the Department of Revenue, Union Finance More...
