Tag: Indirect tax

The US Federal Reserve has cut interest rates for the first time this year, lowering its benchmark policy rate by 25 basis points to 4%-4.25% range. The move marks the beginning of a monetary easing...
NEW DELHI: Reduction of GST (goods and services tax) from 12% to 5% across the renewable energy value chain is expected to bring down the power procurement costs of discoms (distribution utilities) across...

Caramelised popcorn’s sweetness in jeopardy? Sitharaman’s GST clarification adds a tangy twist

The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and...

India’s vision is to become world’s most efficient and trusted trade hub: Revenue secy

New Delhi: India's vision is to become the world's most efficient and trusted trade hub by expanding participation of authorised economic operators (AEOs),...

CBIC relaxes norms for Customs Cargo Service Providers

The Central Board of Indirect Taxes and Customs (CBIC) Friday reduced insurance requirement for stored custom cargo to five days from 10 days....

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