India'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...

Prices saw a significant drop in October. This followed a recent goods and service tax rationalisation. Reductions in GST rates lowered cos...

Economists are closely monitoring the impact of the GST rate cuts, effective Monday, on retail prices and consumer spending this festive se...

Shares of Gopal Snacks rose 8.5% to Rs 354 while those of Prataap Snacks surged by 8% to 877. Meanwhile Bikaji Foods International shares w...

“The clarification that food and beverages supplied in cinema halls should be taxed at 5% is a welcome step and provides relief to the indu...

Many people have been wondering on social media whether paneer butter masala would get costlier with the new GST rates. Tharoor joins the m...

GST allows manufacturers to claim credit for the taxes paid on inputs and creates audit trails in the income and production chain. Exemptio...

Finance Minister Nirmala Sitharaman on Tuesday took to Twitter to clarify the decisions taken by the GST Council in its 47th meeting. The c...

The GoM included members from seven states: Karnataka, Bihar, Goa, Kerala, Rajasthan, Uttar Pradesh, West Bengal, many of which are ruled b...

A 5 per cent GST rate on pre-packed and labelled food items such as cereals, pulses and flour weighing less than 25 kg kicked in on Monday....

From July 18, customers will have to pay 5 per cent GST on pre-packed, labelled food items like atta, paneer and curd, besides hospital roo...

CAIT Secretary General Praveen Khandelwal said that to protest against this decision of the GST Council, the traders' delegation will meet ...

Currently, GST is a four-tier structure of 5, 12, 18 and 28 per cent. Besides, gold and gold jewellery attract 3 per cent tax. In addition,...

Taxmen don’t have the palate for fine non-distinctions like microwaveable meals and ready-to-eat dishes. They suspect much value being smug...

The GST rate for AC restaurants with bar license is fixed at 18%, but there is no clarity on how much tax AC restaurants without the bars h...

The council is meeting to thrash out fitment of products and services in various rare slabs. The council has already fixed slabs at 5%, 12%...

More than 300 goods are exempted from excise duty while there’s a blanket exemption for manufacturers with a turnover below Rs 1.5 crore.