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GST ON ESSENTIAL ITEMS
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...- Supplier gaps, invoice compliance, credit access continue to hit 5 in 10 MSMEs: SurveyMSMEs are embracing digital procurement for better pricing and efficiency, yet face persistent hurdles in supplier management and payments.
- Macro, the Mightiest: Why India’s biggest macro variable still falls from the skyThe 2026 monsoon comes with a clear warning: Rainfall is forecast at 92% of the long-period average, with higher-than-usual probability of ...
- West Bengal tax body rejects Flipkart’s GST exemption model for delivery chargesFlipkart's bid to exempt delivery charges from GST by classifying itself as a Goods Transport Agency has been rejected by the West Bengal A...
- Corrugated box manufacturers warn of severe cost surge, call for price revision and policy supportIndia's corrugated box makers are in crisis. Kraft paper prices have jumped 15-20 percent. Other materials like gum and ink are up 30-40 pe...
- GST rate rationalisation: Is there a second wind coming?The Indian government is contemplating Goods and Services Tax (GST) rate rationalisation, aiming to simplify the existing four-slab structu...
- Tax on 100 items to be slashed? GST's rate rationalisation panel to decide next monthThe GoM on GST rate rationalisation has discussed potential tax rate changes on over 100 items, including reducing taxes on some goods from...
- Implementation of GST has helped poor: SitharamanFinance Minister Nirmala Sitharaman highlighted the significant impact of GST on the economy, praising its role in benefiting the poor by l...
- Modi government misusing CBI, ED to silence opposition: CongressAICC spokesperson Gaurav Vallabh said, "Centre doesn't care about the common man because they only focus on misusing the ED and CBI. They c...
- Consumers turning to open packs of essential items to avoid 5% GSTBimal Kothari, chairman, India Pulses & Grains Association (IPGA), said that though it is difficult to ascertain what percentage of consume...
- ATM withdrawals, funerals exempt: Nirmala Sitharaman issues GST clarificationClarifying on misconception over the levy of GST on some popular items, the finance minister said no tax has been levied either on cash wit...
- Behind the fuss about GST on essential items: Two sides of the same coinThe levy of GST on essential items such as pulses, cereals, and rice has led to an uproar that it'll lead to a rise in prices and impact th...
- Opposition parties protest in Parliament over price rise, GST hike on essential itemsLeaders of various parties, including the Congress, NCP, CPI, CPI-M, Shiv Sena, DMK, RSP and some others, gathered outside Mahatma Gandhi's...
- Kerala-Centre face-off on GST: State FM Balagopal says no tax should be levied on common man's itemsDays after Sitharaman mentioned that Opposition-ruled states had given their nod for imposing 5 per cent GST on certain unbranded packaged ...
- No need to distort the GST packageGST allows manufacturers to claim credit for the taxes paid on inputs and creates audit trails in the income and production chain. Exemptio...
- Monsoon Session: Rahul Gandhi joins opposition protest on inflationRajya Sabha MP Jairam Ramesh said, "Today, 53 years ago, banks were nationalised. It was a transformational change. Now, Modi Sarkar is on ...
- GST Council may consider proposal to raise lowest slab to 8%, rationalise tax slabsThe GST Council in its next meeting may look at raising the lowest tax slab to 8 per cent, from 5 per cent, and prune the exemption list in...
- Hike in GST rates unlikelyIf goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede...
- Staples, daily use items unburdened by GST: Hasmukh AdhiaUnbranded food staples including vegetables, milk, eggs and flour will be exempt from GST along with health and education services.
- States seek two GST ratesStates and the Centre are yet to reach a consensus on the rate of proposed Goods and Services Tax as many states do not agree to a single r...
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