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Revenue growth for the beleaguered auto components sector would halve in next two fiscals due to a steep decline in domestic vehicles sales.

Auto industry has to find its own balance to enhance demand: SIAM

At present, 60 per cent of auto components are taxed at 18 per cent.

21 Sept 2019 12:17 PM IST

Revenue collection from the Goods and Services Tax (GST) had slipped below the Rs 1 lakh crore mark for the first time in the current fiscal in June at Rs 99,939 crore. (Photo: File)

In-principle decision to link Aadhaar with GST registration

The GST Council may consider merging the two brackets 12 per cent and 18 per cent to a single bracket.

21 Sept 2019 10:42 AM IST

The GST rate on cups, plates made from flowers, leaves and bark also has been reduced to nil.

GST Council leaves auto, biscuits untouched, slaps more levy on colas

The GST Council has decided to reduce rates on outdoor catering to 5 per cent without input tax credit.

21 Sept 2019 2:47 AM IST

Revenue collection from the Goods and Services Tax (GST) had slipped below the Rs 1 lakh crore mark for the first time in the current fiscal in June at Rs 99,939 crore. (Photo: File)

GST panel likely to recommend tax cuts on 20-25 products: sources

The proposed GST tax cuts will have limited impact on government revenue.

20 Sept 2019 12:12 PM IST

Other automakers are likely to follow suit, which would lead to loss of at least contractual jobs.

GST panel unlikely to favour tax rate cut for auto sector: sources

Total annual revenue loss could be as much as 500 bn rupees if the panel decided to lower tax rates for auto sector to...

18 Sept 2019 8:58 AM IST

The story of Indias agricultural takeoff began as the nation was forced to import a record 20 million tonnes of grain in 1964-66. (Photo: DC/Representational Image)

RBI panel pitches for federal body like GST Council in farm sector

The GST Council consists of the finance ministers of Centre and all the states, decides on tax rates.

14 Sept 2019 10:42 AM IST

The dates for filing the reconciliation statement has also been extended accordingly.

GST Council meets next Friday; tax rate cut to hinge on revenue...

The argument propagated has been to boost the consumption and the domestic demand by reducing GST rates further.

13 Sept 2019 7:19 PM IST

Finance Minister Nirmala Sitharaman. (PTI Photo)

FM gives relief to small taxpayers, halves interest on delayed filing...

No late fee will be levied for delayed filing of GST returns by registered entities with nil liability, said Sitharaman

12 Jun 2020 5:05 PM IST

Union Finance Minister Nirmala Sitharaman speaks during a press conference after chairing the 44th GST Council meeting via video conferencing, in New Delhi, Saturday, June 12, 2021. (Photo:PTI)

GST slashed on COVID-19, black fungus medicines; 5% tax retained on...

The reduced tax rates were based on a recommendation of a group of ministers, headed by Meghalaya Deputy Chief Minister...

13 Jun 2021 7:38 AM IST

GST collections in July fall 14% due to COVID lockdown. (Photo-ANI)

State ministers to review GST rates

The Group of Ministers looking at rate rationalisation will review the goods and services that are exempted from taxes

28 Sept 2021 8:36 AM IST

Finance Minister Nirmala Sitharaman chairs the 45th GST Council meeting in Lucknow, Friday, Sept. 17, 2021. (PTI Photo)

Food delivery, cab service to become costlier, petrol, diesel still...

E-commerce operators are being made liable to pay tax on transport of passengers by any type of motor vehicles

18 Sept 2021 7:03 AM IST

Now, the cases heard by the Supreme Court have anywhere between two and 30 parties. Who decides who will be unmuted? (PTI)

ITC not admissible for services: SC

Hearing appeals on the contradictory judgements by Gujarat and Madras high courts, SC urged the GST Council to take a...

14 Sept 2021 8:43 AM IST