The GST Council is likely to meet on August 27 to discuss the compensation payout to states and the opinion of the attorney-general on the legality of market borrowing to meet revenue shortfall. Sour...

The group of ministers appointed by the GST Council has recommended two GST slabs for under-construction houses — 5 per cent for normal flats and houses and a reduced rate of 3 per cent for “affor...

The GST Council at its meeting next week will consider multiple options to boost revenues such as more items under cess and the restructuring of rates, officials said.The meeting, proposed on Octobe...

The Union government is keen on a debate on public expenditure at a time centrally sponsored schemes are up for evaluation. Incidentally, the term of these schemes as well as that of the 14 th Finance...

 The GST Council on Friday extended the tenure of the anti-profiteering authority by two years and approved a penalty of up to 10 per cent on entities that fail to pass on the benefits of the GST...

The GST Council is expected to meet at the end of this month on the restructuring of rates, including a three-slab structure.Finance ministry officials said they were reviewing the rates, with an opti...

Bengal finance minister Amit Mitra has sought to protect small home buyers from the potential shock of price rise following the rejig in GST rates in residential real estate.Mitra wants the new regime...

Small and medium businesses with an annual turnover of Rs 40 lakh will be exempt from paying the goods and services tax — a move that is expected to free 20 lakh firms from the rigours of the indire...

The GST Council may consider raising rates to not only increase collections but also meet the compensation needs of states.The council at its meeting next week could consider the recommendations of a ...

Finance minister Arun Jaitley on Monday said the government could look at merging the 12 per cent and 18 per cent slabs in the GST structure and taking cement off the top bracket of 28 per cent.In a b...