Tag: GST

FY26 budget: CBIC sets 2-year period for customs assessments

Economy
All provisional assessments under customs will have to be completed within two years as per guidelines notified by the Central Board of Indirect tax and Customs on Tuesday.These rules specifying timelines and procedures for finalising...

ITR filing FY 2024-25: Has due date for Income Tax Returns been extended beyond September 16? What taxpayers should know

Business
Filing an ITR beyond the designated deadline is classified as a belated return, which can be submitted through December 31, 2025. (AI image) ITR filing FY 2024-25 due date: ITR filing FY 2024-25 due...

Nirmala Sitharaman flags GST 2.0 as final piece in big tax reforms, says overhaul was driven by affordability & Aatmanirbharta

Economy
Finance minister Nirmala Sitharaman told Deepshikha Sikarwar, Vinay Pandey & Sruthijith KK in an interview that the big-ticket taxation reforms on her agenda...

GST cut on essentials: FMCG leaders hail ‘game-changing’ reform; prices may fall up to 10%

Business
The GST Council’s decision to slash tax rates on everyday essentials and personal-use products ahead of the festive season is expected...

GST 2.0: Personal care, electronics and hybrid cars could see up to 10-point tax reduction

Economy
Prime Minister Narendra Modi’s planned GST cuts are set to bring relief to consumers and give a boost to sales of everyday goods...

CII suggests reforms in GST, trade policy, employment in its report on “Policies for a Competitive India”,

Economy
Industry lobby CII on Sunday unveiled a reform roadmap to accelerate India's economic transformation, pitching for a simplified GST structure, expanded coverage to...

GST Council to hold 56th meeting on September 3-4 in New Delhi

Economy
The Goods and Services Tax (GST) Council will hold its 56th meeting on September 3 and 4, 2025, in New Delhi. The meeting...

Growth to get lift, boost for demand after GST rationalisation, say economists

Economy
Domestic demand will get a boost after goods and services tax (GST) rationalisation, economists said, providing support to the economy that’s seen likely...

NAREDCO President urges govt to cap GST on building materials at 18%

Economy
New Delhi: G Hari Babu, President of National Real Estate Development Council (NAREDCO) has urged the government to bring the Goods and Services...

CBIC notifies rules for GST tribunal

Economy
New Delhi: The Central Board of Indirect Taxes & Customs (CBIC) has notified comprehensive rules for the Goods and Services Tax (GST) Appellate...

No change in small savings schemes’ rates for 5th qtr

Business
New Delhi: Finance ministry on Friday left interest rates unchanged on various small savings schemes, including PPF and NSC, for the...

Indians’ consumption of pulses, cereals declines by 5 pc as spending pattern shifts: SBI Report

Economy
New Delhi: Indian households have significantly altered their spending patterns over the past 12 years, shifting focus from food to non-food items, according...

GST collection growth slows in December show

Economy
India’s goods and services tax (GST) collections rose 7.3% to `1.77 lakh crore in December from the year earlier, slowing from an 8.5%...

GST Council clears “track and trace” mechanism, cigarettes and pan masala likely first targets

Economy
Cigarettes are expected to be among the first products brought under a "track and trace mechanism" aimed at curbing tax evasion, following amendments...
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