The clamour for compensation to states beyond June 2022 grew louder on Saturday with Kerala finance minister K.N. Balagopal saying the financial situation of the state would be deeply impacted if the ...

Businesses that default on filing summary return and paying monthly GST will not be able to file GSTR-1 sales return of the succeeding month from January 1 next year. The GST Council in its Lucknow m...

Dhanbad: The failure of policy makers, including Central as well as various state governments to bring fuel prices under GST as witnessed during the GST Council meeting has irked traders and industria...

All states, including the BJP-ruled ones, unanimously opposed the inclusion of petroleum products under the goods and services Tax as it would impact the revenue of both the Centre and the states. &l...

Bengal has demanded that the Centre must compensate states for the shortfall in GST collection for another five years. The GST Council, however, could not come to a decision and formed a GoM as state...

The GST Council on Friday decided to tax online food delivery operators such as Swiggy and Zomato on behalf of restaurants from January next year even as it extended concessional tax rates on certain ...

The compensation cess under the goods and services tax regime will be collected till March 2026 but the proceeds garnered after June 2022 will not go to the states. Finance minister Nirmala Sitharama...

The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items and extend till December 31, tax concessions...

The GST Council will hold its first physical meeting on Friday since the outbreak of the pandemic. Finance minister Nirmala Sitharaman will chair the 45th meeting in Lucknow.  The last meeting o...

The production-linked incentive (PLI) scheme for technical textiles and man-made fibres is set to be approved by the Union cabinet. Under the scheme, the government will offer incentives of around Rs...