union finance ministry

The Union Finance Ministry on Thursday said 'sarais' run by religious or charitable trusts are exempt from the Goods and Services Tax (GST) irrespective of rent. Certain 'sarais' managed by the Shiromani Gurdwara Parbandhak Committee…

A 5 per cent GST rate on Monday kicked in on pre-packed and labelled food items such as cereals, pulses and flour weighing less than 25 kg. The Union Finance Ministry issued detailed frequently asked questions (FAQs) on the levy of Goods…

Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal. Effective from June 30, the Union Finance…