Similarly, goods related to petroleum/coal bed methane will attract 12% tax instead of 5% and electronic waste to attract 18%…
All-India average revenue shortfall from the protected level declined to about 27% in FY22 from about 38% in FY21, according…
The tax incidence was seen increasing on online gaming substantially as the GST was proposed to be levied on on…
The 5-year GST compensation facility will end on Thursday, 30 June. BJP-ruled states have joined ohers in demanding that the…
The Fitment Committee’s proposal to raise tax rate from 12% to 18% on aseptic packaging paper, including Tetra Pack, was…
High inflation and a general improvement in compliance also helped. Of course, part of the revenue jump is optical as…
There will also be some tax reliefs. For instance, a margin scheme to reduce tax incidence on tour operators is…
Currently, a 5% GST is levied on gross tour cost without the facility of input tax credit.
The panel, whose recommendations will be considered by the Council on June 28-29 in Chandigarh, also proposed to clarify that…
Move to aid govt’s non-debt receipts
The GoM, which met virtually on June 17, decided to seek more time from the GST Council to finalise its…
On May 25, the Cabinet had given its nod for the sale of the Centre’s stake in Vedanta-controlled HZL, a…
The tax department carried out search and seizure operations on June 15, 2022, on the industrial group at more than…
The new rental policy to energise Gati Shakti, help privatisation of ConCor.
After the equity conversion, the government will hold a 32% stake in Vodafone Idea.
These items will be taxed at 5%, the rate for branded food.
The GoM’s main mandate is to review the current tax slab rates, and recommend changes as needed to garner more…
While most of the big states received compensation, 16 states and UTs including Bihar, Odisha, J&K, Sikkim, Arunachal Pradesh, Nagaland,…
