India's Goods and Services Tax collection for the month of August was recorded at Rs 143,612 crore, which is 28 per cent higher as compared to the same month last year but lower than Rs 148,995 crore collected in July.

India's GST collections rise 28% year-on-year to Rs 1.43 lakh crore in August

A plethora of food items, particularly pre-packaged items are expected to get costlier as the new Goods and Service Tax (GST) rates come into effect from today (Monday).

India's new GST rates come into effect from today. Understand what gets expensive and cheaper

PM Modi's major achievements as his government completes eight years at Centre

Pre-packed and labelled food items like meat, fish, curd, paneer and honey will now come under the purvey of the GST, attracting a 5 per cent tax, a GST panel headed by Union Finance Minister Nirmala Sitharaman announced.

India: 5% GST to be levied on pre-packed and labelled food items like curd, paneer, wheat

The Goods and Service Tax (GST) Council has deferred raising the proposed tax rate on textiles from 5 per cent to 12 per cent after several states reportedly raised objections.

Indian govt defers GST hike on textile products after several states object

App-based rides, some clothes, food delivery cost more in India. The Indian government has decided to implement a dozen amendments to the Goods and Services Tax (GST). From 1 January, the Central Goods and Services Tax (CGST) Act will be amended, further strengthening the indirect tax regime.

Indians will pay more for clothes, app-based rides, food delivery in new year | GST | WION News

With Goods and Services Tax regime completing four years, the Finance Ministry on Wednesday said more than 66 crore GST returns have been filed so far and lower tax rates have helped increased compliance.

GST reduced tax rate, increased compliance; more than 66 crore returns filed in 4 years: Finance Ministry

The GST Council on Saturday slashed tax rate on COVID-19 drugs such as Remdesivir and Tocilizumab as well as on medical oxygen and oxygen concentrators but ignored demands for reduction in taxes on vaccines.

GST slashed on COVID-19, black fungus medicines; 5% tax retained on vaccines

Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the Finance Ministry said on Wednesday.

6-digit HSN code mandatory in invoices for biz with over Rs 5crore turnover

GST collections surged to an all-time high of over Rs 1.15 lakh crore in December as economic activities picked up after lifting of stringent lockdown restrictions.

GST collection at record-high in December 2020

In a virtual conference, Prime Minister Narendra Modi on Tuesday interacted with the chief ministers of the eight states where COVID-19 have seen a sudden rise post the festive season.

PM Modi meets CMs: Kejriwal blames Covid spike on pollution, Mamata demands GST dues 

Indian GST council is about to hold a meet on Monday to iron compensation issue. The council will be chaired by Indian Finance Minister Nirmala Sitharaman.

World Business Watch: GST council meet to discuss compensation issues in India

The Government of India on Friday assured support to leaders of the auto industry which has been severely hit by the pandemic. The Union minister of Heavy Industries and Public Enterprises Prakash Javadekar said the central government is looking into automobile industries recommendation for a reduction in Goods and Services Tax (GST) rates by 10% across all categories of vehicles.

Govt looking at GST rate cut for automobile sector 

India's Central Board of Secondary Education (CBSE) has decided to reduce its syllabus by 30 per cent for classes 9 to 12 for the 2020-21 session to compensate for academic loss during the pandemic.

CBSE removes chapters on secularism, nationalism from syllabus to reduce course load

The state government of Karnataka's has said that parota must be taxed at more than triple the GST tax rate on the roti. The Karnataka bench of Authority for Advance Rulings (AAR), stated that parotas would be subject to a higher GST rate of 18% unlike roti (5% GST).

18% GST on Parotas, 5% on roti: Twitter reacts on the bizarre ruling

The Income Tax department on Wednesday said it will immediately issue pending refunds up to Rs 5 lakh. The move will benefit around 14 lakh taxpayers. The government will also issue pending GST and customs refunds of Rs 18,000 crore to provide relief to business entities.

I-T Dept to immediately issue pending refunds up to Rs 5 lakh

The Union Finance Minister Nirmala Sitharaman on Tuesday (March 24) said that last date for the income tax return for the financial year 18-19 has been extended to June 30, 2020. The finance minister also extended Aadhar-PAN linking date.

Indian Finance Minister extends deadlines to provide relief

Revenue Secretary Ajay Bhushan Pandey will hold a day-long brainstorming session on January 7 with commissioners of state and central taxes to discuss how the Goods and Service Tax (GST) system can be streamlined for faster refunds, enhanced compliance and discourage tax evaders.

Officials to meet on January 7 for streamlining GST refunds, curbing evasion

Indian shares were largely unchanged on Thursday, with gains in IT stocks offset by losses in financials, as investors awaited fresh cues before making new bets.

Nifty, Sensex flat as financials offset IT gains

The Commercial Taxes Department in the past two weeks conducted drives in which it imposed penalties on those dealers who failed to give tax invoices to their customers.

Bengaluru: Commercial taxes department penalises dealers for not giving invoices to customers

Indian states face difficulties in reducing deficits, challenging the country's ability to meet medium-term fiscal consolidation goals as economic growth slows, Moody's Investors Service said in a new report released on Wednesday.

Indian states face challenges in reducing deficits, constraining government fiscal consolidation: Report

Union Finance Minister Nirmala Sitharaman on Saturday held a meeting with Chartered Accountants and traders' body to address the concern raised on the process of filling Goods and Services Tax (GST) forms and make them more user-friendly.

Finance Minister Nirmala Sitharaman holds meeting on GST simplification in Delhi

GST revenue collection in October 2019 stood at Rs 95,380 crore, Ministry of Finance data released on Friday showed. Notably, GST collection increased by 3.76 per cent in comparison to September 2019, when it was Rs 91,916 crore.

Rs 95,380 crore gross GST revenue collected in October

Defence Secretary Ajay Kumar said that the GST Council's decision to exempt GST on specified defence goods not being manufactured indigenously (up to 2024) will greatly benefit defence preparedness.

Defence Secretary Ajay Kumar lauds government over exemption of GST on specified defence goods

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