The GST Council will meet on May 28 and is likely to discuss tax rates on Covid-related drugs, oxygen equipment and vaccines. They will also discuss the compensation mechanism for states to cover the ...

A meeting of the GST Council ought to be called immediately to discuss a raft of issues, including the grim possibility that the shortfall in compensation to the states could widen just when they need...

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The finance ministry has released in advance to the states the first instalment of Rs 8,873.6 crore of the state disaster response fund (SDRF) for the current fiscal. Up to 50 per cent of the amount r...

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Flavoured milk is basically “beverage containing milk” and will attract 12 per cent GST, the Gujarat Authority for Advance Ruling (AAR) has said. Gujarat Co-operative Milk Marketing Feder...

The Bombay High Court on Tuesday permitted Chinese company ByteDance to operate its Indian bank accounts, that had been frozen by the Goods and Services Tax (GST) authorities over alleged tax evasion,...

Clearing the air over the applicability of gift cards or vouchers, the Tamil Nadu bench of the AAAR has ruled that GST would be levied on the underlying goods/services at the time of redemption. Kaly...

GST collections in March touched a record high of over Rs 1.23 lakh crore, a 27 per cent growth over the year-ago period, the finance ministry said on Thursday. “GST revenues crossed the Rs 1 l...

State-owned oil marketing companies sprang a big surprise by cutting petrol and diesel prices for the first time in the past 12 months — ironically on a day when global benchmark crude prices so...