Business  /  Published 18.12.19

GST levy on lottery at 28%

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.‚Ä...
By Our Special Correspondent in New Delhi

Business  /  Published 17.12.19

GST collection target raised

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...
By PTI in New Delhi

Business  /  Published 16.12.19

Financial sector seeks KYC clarity

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...
By TT Bureau in New Delhi

Business  /  Published 16.12.19

Amit Mitra averse to rate hike

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...
By Sambit Saha in Calcutta

Business  /  Published 10.01.19

Status quo on realty GST

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...
By Sambit Saha in Calcutta


Business  /  Published 10.01.19

Seal on Kerala cess

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...
By Our Special Correspondent in New Delhi

Opinion  /  Published 14.12.19

GST pits angry states against Centre

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...
By Paran Balakrishnan

Business  /  Published 13.12.19

Sitharaman dodges key queries on economy

Finance minister Nirmala Sitharaman is the ultimate counter alchemist: she can turn gold into dross.A much-hyped press conference on Friday ‚ÄĒ that had set newsrooms across the country agog with exci...
By Our Special Correspondent in New Delhi

Opinion  /  Published 10.12.19

New thorns surface in Centre-state relations

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...
By The Editorial Board

Business  /  Published 02.01.19

Stocks trip on triple worries

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...
By Our Special Correspondent in Mumbai


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