The GST Council on Wednesday took to voting for the first time to levy a uniform 28 per cent tax on the sale of lottery tickets across the country. The new rate will be effective from March 1, 2020.â€...

Amid concerns that the government may fall short of its tax collection target in a slowing economy, the Centre has set an ambitious Rs 1.1 lakh crore monthly GST target for the remaining four months o...

Financial sector players on Monday demanded a reduction of GST on term insurance to increase its penetration and the streamlining of KYC norms for better financial inclusion. In a pre-budget meeting w...

Bengal finance minister Amit Mitra has warned against a proposal to raise GST tax slabs across the board to shore up sagging revenues, arguing that such a move would be “highly detrimental and hugel...

The GST Council on Thursday deferred a decision on a tax rejig for residential properties, dashing hopes of the beleaguered sector looking for sops even as experts asked developers to cut prices to pr...

The GST Council on Thursday decided to allow Kerala to levy a one per cent cess for two years to help the state rebuild its infrastructure after being hit by natural calamities last year. However, ana...

A showdown is looming in Delhi over the GST, the country’s biggest tax revamp since independence that was implemented three years ago. Kerala finance minister Thomas Isaac has already fired the open...

Finance minister Nirmala Sitharaman is the ultimate counter alchemist: she can turn gold into dross.A much-hyped press conference on Friday — that had set newsrooms across the country agog with exci...

A new economic problem has surfaced, which reflects yet another aspect of the hasty and poorly worked out implementation of the goods and services tax. The problem pertains to the promised compensatio...

The Nikkei India Manufacturing Purchasing Managers' Index eased to 53.2 in December from 54 in November.Reflecting the trend, the 30-share BSE Sensex opened lower at 36198.13, fell below the 36000-mar...