India changed the base year used to measure its economy from 2011-12 to 2022-23. The first full-year provisional numbers under the new yard...

The Delhi government has significantly cut the Value Added Tax on Aviation Turbine Fuel. The tax on ATF will now be 7 percent, down from 25...

The creator economy in India is swiftly evolving into a robust and organised sector. Brands are stepping up their accountability, while cre...

India's recent hike in import duties on gold and silver opens the door for enhanced trade relations with Dubai. Thanks to the India-UAE tra...

A new report recommends lowering the Goods and Services Tax on household insecticides. The current 18 percent rate could be reduced to 5 pe...

The Ministry of Finance has revised the GST rate framework, effective September 22, replacing the June 2017 notification. This new structur...

Today, India has 1 billion mobile subscribers, around 57 million computers along with other gadgets and consumer electronics users.

"Price of drugs where partial increase is expected due to roll out of GST will not be passed on to consumers as NPPA is working out a mecha...

While notifying the tax rates for central GST, IGST and Union Territory GST, the Central Board of Excise and Customs (CBEC) tweaked the tax...

Since intangibles such as trademarks and goodwill do not find a mention in the schedule they would fall in the category of residual entry, ...

The government has fixed GST rate of 12 per cent on most of the essential drugs as against the current tax incidence of around 9 per cent.

May 18, 2017, GST Rate Schedule of Goods placed ivory, tortoise shell, whalebone, corals, shells of molluscs, crustaceans, as well as civet...

Adhia further said that the issue of transition stock provision is still under consideration and the GST Council will finalise the provisio...

Terming the current indirect tax structure in India as "fairly complicated", Jaitley assured there would be no cascading impact of tax on t...

Indian Paper Manufacturers Association (IPMA) has written to GST council to keep the tax for paper products at a lower rate in the wider pu...

"The GST council comprises ministers. Not all ministers are economists. Not all economists are legislators, not all legislators are lawyers...

Minister of State for Finance Jayant Sinha said, will be "insulated" from the impact of GST on their revenues and gradually the new tax reg...