Tag: GST

Indian team heads back to US to ‘negotiate complete trade deal’ amid looming tariffs

Business
NEW DELHI: Further talks on the India-US trade deal are lined up in the coming days with negotiators once again headed to Washington as the government seeks to finalise an agreement, without any...

Dairy certificate rules face fresh heat from US at WTO

Economy
New Delhi: The US has again raised concerns at the World Trade Organization (WTO) at India's dairy certificate requirements terming them "unnecessary trade barriers" for American exports.India mandates an integrated veterinary health certificate 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...

GST collection rises to Rs 1.28 cr in November

Economy
The GST collection rose 8.5 per cent to Rs 1.82 lakh crore in November, government revealed on Sunday. In October, Gross GST collection...

GST Council to hold 55th meet on December 21 in Jaisalmer, Rajasthan

Economy
Union Finance Minister Nirmala Sitharaman will meet her state counterparts on December 21 in Jaisalmer, Rajasthan, for the 55th GST Council meeting. Key...

New senior citizens policy in the works after 25 years

Economy
New Delhi: Amit Yadav, secretary, ministry of social justice & empowerment, has said the government is drafting its first new senior citizens policy...

Businesses with turnover over Rs 10 cr cannot report e-invoices older than 30 days from April 1, 2025

Economy
New Delhi: From April 1, 2025 onwards, businesses with Aggregate Annual Turnover (AATO) greater than Rs 10 crore will not be allowed to...

Festive Vibes: Economists see food inflation and geopolitical conflicts as possible headwinds

Economy
NEW DELHI: The festive season has brought some cheer to the economy with several data releases on Friday suggesting improved consumer sentiment, but...

India collects $22.25 bln in goods and services tax in October

Economy
India collected 1.87 trillion rupees ($22.25 billion) in goods and services tax in October, 9% higher than the same period last year, the...

Budget home threshold may be hiked to Rs 55 lakh

Economy
New Delhi: The group of ministers (GoM) tasked by the Goods and Services Tax Council to look into application of GST for real...

Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST Slab

Economy
New Delhi: As many as 58 goods and 24 services, such as pricey handbags and sunglasses and certain cosmetic procedures could be moved...

Softy ice-cream mix attracts higher GST: It’s mainly sugar not milk holds GST-AAR

Business
MUMBAI: Is a softy ice-cream mix made of milk or sugar? According to a recent ruling given by the GST Authority...

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