The GST Council has decided to tax “sin goods” like pan masala and cigarettes based on their retail sale price…
CBIC Chairman Sanjay Kumar Agarwal stated that despite an estimated annual revenue loss of ₹48,000 crore from GST reforms, collections…
CBIC Chairman Sanjay Kumar Agarwal has clarified that there will be no refund or adjustment of the GST compensation cess…
According to CBIC Chairman Sanjay Kumar Agarwal, sin goods like tobacco may be subject to a special additional tax on…
Govt restructures GST regime to a 2-tier system with 5% and 18% slabs, plus 40% on sin goods, effective September…
As the GST Council reviews tax slab reforms, Opposition states demand revenue compensation amid fears of shortfall. Experts highlight challenges…
India’s GST overhaul may slash rates on essentials like food, cement, insurance, and small cars, while hiking taxes on luxury…
White-collar hiring rose 3% in August 2025, driven by non-IT sectors like insurance, hospitality, and travel. Startups and unicorns boosted…
Ahead of the GST Council’s crucial meeting here on September 3-4 to restructure the indirect tax, experts and industry executives…
The Indian government is formulating a support package for MSMEs, including a potential 100% credit guarantee scheme and a loan…
States’ capex grew 19% YoY in April-July FY26 to Rs 1.36 lakh crore, aided by Centre’s interest-free loans, though July…
GST rate cuts on FMCG, autos, white goods and essentials are likely to take effect by mid-September, ahead of Navratri…
India is considering a major GST reform that could introduce a special 40% tax rate on motorcycles with engines of…
A high-level Group of Ministers (GoM) has approved the Centre’s proposal to overhaul the GST regime, paving the way for…
Govt’s proposed GST reforms with a two-tier structure may lead to a Rs 60,000 crore annual revenue loss, but officials…
Centre’s 50-year interest-free capex loans to states cross Rs 40,000 crore in FY26, with approvals nearing Rs 60,000 crore. Linked…
The sumptuary tax however may require legal changes. It is for the GST Council and the government to work this…
Govt may cut GST on buses from 28% to 18% and tractors from 12% to 5% to boost sales and…
