Traders' body CAIT seeks simpler GST rules. Tax collections have surged since 2017, but ground-level compliance remains difficult. More sim...

India's economy faces challenges from the West Asia conflict. Rising oil prices and trade disruptions are impacting India. However, strong ...

Indian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...

India revamped its tax system in 2025, slashing Goods and Services Tax rates and increasing income tax exemptions. The focus now shifts to ...

An additional policy rate cut is expected before year-end, alongside recent GST simplifications indicating that peak fiscal consolidation i...

Navneet Munot of HDFC AMC states India's growth trajectory receives active support from coordinated policy measures. Government capital exp...

The US-India Business Council (USIBC) has lauded India's restructured Goods and Services Tax (GST), praising Prime Minister Modi, the GST C...

The GST Council, with PM Modi's endorsement, has approved comprehensive GST reforms, including rate rationalization and process simplificat...

With robust GST collections and a broad tax base, India is poised for next-generation GST reforms, potentially streamlining the rate struct...

India's GST regime is highly complex with over 50 different cess rates, possibly reaching 100, highlighting the need for reform. Former Chi...

FHRAI has also asked the government to consider simplification of goods and services tax (GST) rules to enable the establishments falling u...

The all-powerful GST Council Friday extended the tenure of the anti-profiteering authority by two years and approved imposing a penalty of ...

The GST Council also extended the date for filing annual returns under the GST by two months to August 30.

The move to reduce number of ledgers follows repeated complaints from trade and industry, especially the smaller businesses, which were see...

According to CII, simplification of GST compliances would result in higher number of returns filed, increased collection of revenues, and e...

The tax rate for all restaurants, barring those in luxury hotels, was trimmed to 5%, without any input tax credit.

Industrial production grew a meagre 1.2 per cent in July from 4.5 per cent a year ago, as manufacturing sector, especially capital goods, p...