Biscuits and confectionary major Parle Products warned on Wednesday that it may be forced to lay off up to 10,000 workers over the next one year because of a slowdown in demand coupled with the impact...

Growth in India is firming up and projected to accelerate to 7.3 per cent in the 2018-19 financial year and 7.5 per cent in the next two years, the World Bank said on Sunday.The global lender said the...

The GST Council on Friday decided to set up a seven-member Group of Ministers (GoM) to develop a revenue mop-up model to fund natural calamities as there were divergent views on the cess to pay for th...

The Cabinet on Wednesday cleared a proposal to convert GST Network (GSTN) into a government-owned company, finance minister Arun Jaitley said. Briefing reporters about the decisions taken in the Cabi...

The meeting of the GST Council, convened to decide on a cut in the tax rates on electric vehicles, has been postponed as finance minister Nirmala Sitharaman was pre-occupied in Parliament, officials s...

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 ...

The prime minister has announced a number of measures to benefit the micro, small and medium enterprises sector. The announcements signal three distinct issues. First, there is an indirect admission o...

The GST Council on Friday slashed the tax rates on hotel room tariffs and more than doubled the levy on caffeinated beverages to 40 per cent as they have a negative impact on health. No big relief, ho...

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...

The finance ministry fears a shortfall of Rs 50,000 crore in GST collections this fiscal, given a lower than expected mop-up so far, even as the automobile sector raises its pitch for a rate cut after...