The Council clarified that no GST is payable on 'penal charges' levied and collected by banks. From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST ...

New Delhi: The wide-ranging GST reforms are set to improve the lives of citizens and ensure ease of doing business for all, especially small traders, thus strengthening the economy. The changes in GST ...

The Goods and Services Tax (GST) Council has brought a big change in the country’s tax system. In its 56th meeting, chaired by Finance Minister Nirmala Sitharaman on Wednesday, the Council decided to ...

The GST rationalisation is a structural reset for India, says Niranjan Hiranandani, President, NAREDCO The recent GST rationalisation marks a watershed moment for India’s economy and consumers alike.

GST rate cuts announced by the Modi government have served as a booster shot for the Indian economy and markets, with consumption driven growth expected to aid the economy at a time when it is faced ...

Sanjeev Sanyal, economic advisor to PM Narendra Modi, at NDTV Profit GST Conclave. Sanjeev Sanyal, economic advisor to Prime Minister Narendra Modi, has explained the concept of Goods and Services Tax ...

On 79th Independence Day, the Ministry of Finance announced that the government is planning to move towards a 'simple tax' regime to rationalise the existing goods and services tax (GST) rates. The ...

GST on used cars explained: Impact on EVs One area of concern is the inclusion of EVs in this new framework. While new EVs enjoy a reduced 5% GST to encourage adoption, the 18% rate on used EVs could ...

(MENAFN- IANS) Jaisalmer/New Delhi, Dec 21 (IANS) From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance ...