Goods And Service Tax (gst)

Saturday, Apr 20, 2024 | Last Update : 05:32 AM IST

goods and service tax (gst)

Telugu Desam Party supremo Nara Chandrababu Naidu. (File Photo: PTI)

AA Edit | Naidu’s arrest: All corrupt leaders must be punished

State investigative agencies have also alleged that several other procedural lapses

13 Sep 2023 12:00 AM

After the excise duty was subsumed into GST, the Budget lost its punch. (PTI Photo)

AA Edit | RBI is noncommittal but rate cut hope on horizon

The tone of the monetary policy remained balanced yet non-committal, with no change in stance, stressing on inflation-fighting credibility

10 Jun 2023 12:15 AM

As per an RBI study, the weighted average tax rate under the Goods and Services Tax (GST) has come down to 11.6 per cent, from 14.4 per cent at the time of its launch. (AA File Image)

Highest 28% GST on luxury, sin goods to continue: Revenue Secy

The GST Council has set up a Group of Ministers (GoM), under Karnataka CM Basavaraj Bommai, to suggest rationalisation in tax rates and more

04 Jul 2022 11:48 PM

Finance Minister Nirmala Sitharaman chairs the GST Council meeting, in Chandigarh, Tuesday, June 28, 2022. (PTI Photo)

GST Council puts off compensation decision till August

A final decision is likely to be taken at the next meeting of the council in the first week of August

30 Jun 2022 1:27 AM

The amended Goods and Services Tax (Period of Levy and Collection of Cess) rules, 2022, would now allow the Union government to collect the cess on luxury and demerit goods till March 2026. (DC File Image)

AA EDIT | Making the GST regime work

The Union finance ministry should make the states feel that they are active partners in economic growth

26 Jun 2022 10:33 PM

The previous high for collection of GST revenues was in January 2022 at over Rs 1.40 lakh crore. (ANI File Image)

GST mopup hits ₹1.42 L cr in March

The key reasons behind such a huge mopup are continued recovery in the economy and anti-evasion drive by the GST authorities

02 Apr 2022 12:28 AM

As per the release, the recent trend of high GST revenues has been a result of various policy and administrative measures that have been taken in the past to improve compliance. (DC File Image)

GST collected in November, 2021 second highest since its implementation

As per the data shared, the highest amount of tax is collected from Maha (Rs 18656 cr), then Gujarat (Rs 9569 cr) and Karnataka (Rs 9048 cr)

01 Dec 2021 5:00 PM

If the proposed move is introduced in the forthcoming Union Budget then direct tax collections could get a major boost in the forthcoming financial year.

Budget ’18: Centre may slash top I-T slab from 30 per cent to 25 per cent

Relief likely for taxpayers with annual income above Rs 10 lakh.

16 Jan 2018 1:48 AM

Gandhi said while the economy was able to withstand the ‘torpedo’ of note ban, it could not withstand the one of GST. (Photo: PTI)

Indian economy in tatters due to PM's note ban, GST: Rahul Gandhi

'Narendra Modi had failed to understand the pain of the people,' Rahul Gandhi added.

30 Oct 2017 5:46 PM

Sweetshop owners are struggling with the newly rolled out Goods and Services Tax.

GST turns festive season bitter for sweet shop owners

GST taxes sweets at a rate of 5 per cent, while chocolates and savouries are taxed at 28 per cent and 12 per cent respectively.

05 Aug 2017 2:15 PM

Second class tickets in Mumbai locals have been exempted from the one-tax policy.

Tickets bought via digital transactions exempted from GST

This is expected to reduce the crowds at ticket counters, particularly at the stations that see heavy footfall.

02 Jul 2017 1:29 AM

Hoteliers will be applying an 18 per cent GST. (Photo: Shripad Naik)

Mixed reactions to GST on Day 1

People still confused about new tax regime but willing to give it time.

02 Jul 2017 1:27 AM

Economic Affairs Secretary Shaktikanta Das

GST to help Indian Economy grow by 8 per cent: Das

The GST will club nearly a dozen central and state levies into a single national sales tax.

05 May 2017 1:44 PM

The IMF said larger than expected gains from the GST and further structural reforms could lead to significantly stronger growth. (Photo: File/AFP)

GST might raise India’s GDP to cross 8 percent, says IMF

The Indian government expects to roll out GST by July 1 after it could not meet the April 1, 2016, target.

22 Feb 2017 9:08 PM

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Shobhaa De