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India's macroeconomic fundamentals are intact and there is no risk of the economy entering into recession or stagflation, finance minister Nirmala Sitharaman said Monday. She said the government is trying to keep inflation below 7%. "I…

MUMBAI: The Delhi Appellate Authority for Advance Rulings (AAAR) has held that goods and services tax (GST) at a uniform rate of 5% will apply on food served in trains or on railway platforms. Putting an end to an ongoing controversy, it…

NEW DELHI: Finance minister Nirmala Sitharamanon Monday said India is not facing any risk of recession and cited robust GST collections and Purchasing Managers’ Index (PMI), a measure of trends in manufacturing, to stress that the…

A group of ministers, mandated to look at rate rationalisation by the Goods and Services Tax Council, is mulling doing away with the 12% slab while retaining the 18% and 28% slabs. People aware of the development told ET that most of the…

Minister of State for Finance Pankaj Chaudhary on Monday said the recent revision in GST rates is expected to boost the government's revenue collections. A 5 per cent Goods and Services Tax (GST) was levied on curd, paneer, honey, wheat…

Punjab Finance Minister Harpal Singh Cheema on Monday said the state's GST collections grew 24.15 per cent year-on-year in the first four months of the current fiscal. "In four months, April till July, the GST (goods and services tax)…

NEW DELHI: GST collections rose 28 per cent to Rs 1.49 lakh crore on an annual basis in July on the back of economic recovery and measures taken to curb tax evasion, the government said on Monday. In July, 2021, Goods and Services Tax…

NEW DELHI: The cost of the country’s first ‘high speed rail’, or bullet train project between Ahmedabad and Mumbai, is likely to cross Rs 1. 6 lakh crore excluding GST due to delay in its implementation, primarily on account of Covid-19…

The Gujarat High court has directed the Central Board of Indirect Taxes and Customs to grant refund of goods and services tax paid on ocean freight within six weeks with interest, in a relief for importers. Refund claims worth ₹1,000…

With a view to bring medical care at the doorstep of the remotest tribal villages, Ahmedabad-based not-for-profit institution, Dr KR Shroff Foundation (KRSF) has collaborated with Gram Seva Trust (GST), an NGO based in Kharel village of…