Cigarette makers ITC and Godfrey Phillips saw their shares fall. This follows the government's announcement of a new health and security ce...

India's GST collections surged to Rs 1.89 lakh crore in September, marking a 9.1% annual increase. Concurrently, the GST Council rationaliz...

CBIC Chief Sanjay Kumar Agarwal emphasises proactive support for businesses as reduced GST rates on 375 items take effect. Tax officers are...

The CBIC has refuted a viral social media message claiming new GST transition benefits would be applicable from September 22, 2025, deeming...

The finance ministry will closely monitor the implementation of reduced GST rates to ensure the relief reaches the common man, according to...

ITC Limited shares experienced a surge following the government's GST revision. The GST Council is streamlining tax slabs, potentially bene...

ITC shares experienced a surge following the GST Council's announcement that the existing 28% GST plus compensation cess on tobacco product...

The government plans to reduce GST on insurance premiums from 18% to 5% or even zero, as part of the upcoming GST 2.0 reforms aimed at simp...

The government has unveiled plans to simplify the Goods and Services Tax system into just two slabs of 5% and 18%, with a special 40% rate ...

To maintain overall taxation on tobacco products post GST 2.0 reforms, the Centre may impose additional excise or special duty above the pr...

The Centre is contemplating a significant GST overhaul, proposing a simplified structure with primary slabs of 5% and 18%, alongside a 40% ...

According to ADB, the study aims to evaluate progress, analyse the impact of previous tax recommendations, and propose new measures to furt...

The paper said differential rates are leading to ambiguity and complexity in determining the value on which service tax is payable,.

For the telecom sector, the paper cautioned that GST may negatively impact the working capital cost since initial landed price of purchases.

Alcohol and tobacco industries will have to pay more taxes towards an additional 'sin tax' under the proposed GST structure.

Central government standing counsel Akshay Makhija, appearing for the ministries of Finance and Health and Family Welfare, opposed the plea.

Industry body, ASSOCHAM has recommended retention of single-point central, specific duty structure for cigarettes.