In a relief for MSMEs with a turnover of up to Rs 5 crore, the GST Council on Friday halved the interest rate on delayed filing of GST returns for three months beginning February to 9 per cent. There ...

Ashok Leyland, the flagship company of the Hinduja group and a leader in commercial vehicles, wants GST on trucks to be lowered to 18 per cent from 28 per cent.“Commercial vehicles are core to the e...

The auto industry, reeling under a slowdown and demand contraction, is hoping that the GST Council would cut the rates, as the Centre’s latest economic package has left out the sector.Siam president...

In a significant ruling, the Karnataka Advance Ruling Authority has said that LIC’s maturity sum will not attract GST as it is not a service, putting an end to the ambiguity over the issue among tax...

A finance ministry task force to raise the share of natural gas in fuel consumption to 15 per cent from 6 per cent has suggested a number of measures such as the splitting GAIL India Limited and bring...

Assam on Wednesday “suspended all expenses” pertaining to industrial exemptions, subsidies and incentive of various sectors as an austerity measure to tide over its financial constraints due to th...

Small traders of Dhanbad and Bokaro have demanded relief in goods and services tax (GST) in the wake of the novel coronavirus-induced lockdown that has led to a slump in business. Surendra Arora, form...

The resolve of the Congress to display restraint and desist from attacking the Narendra Modi government during the pandemic crisis appears to have waned as its “constructive” suggestions on managi...

The fledgling electric vehicles sector urgently needs financial support from the government in terms of fast GST refunds, which is most important for this industry because of its inverted tax structur...

The Centre on Wednesday decided to immediately release tax and duty refunds worth Rs 18,000 crore — a move designed to shovel money to income taxpayers and businesses that have been fretting over lo...