GST: News
31 Dec 2021
Nirmala SitharamanGST Council decides to postpone tax hike on textiles
The Goods and Services Tax (GST) Council Friday decided to defer the proposed hike in GST rate on textiles, said Union Finance Minister Nirmala Sitharaman.
27 Dec 2021
Nirmala SitharamanGST changes from January 1: Here's how it impacts prices
The Goods and Services Tax (GST) regime will witness a host of tax rate and procedural changes starting January 1, 2022.
23 Sep 2021
West BengalPetroleum Minister explains why petrol prices are not coming down
Petrol prices in the country are not coming down as the states do not want to bring fuel under the ambit of the GST, Petroleum Minister Hardeep Singh Puri said.
18 Sep 2021
ZomatoSwiggy, Zomato will now collect GST. Does it affect you?
Food delivery platforms like Swiggy and Zomato will collect 5% Goods and Services Tax (GST) from customers instead of the restaurants they pick up orders from, the GST Council decided in a meeting on Friday.
16 Sep 2021
LucknowGST Council to meet in Lucknow on Friday
The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review the tax rate of over four-dozen items and extend till December 31, tax concessions on 11 COVID-19 drugs.
09 Jul 2021
Narendra ModiVijayan requests PM to waive tax on imported life-saving drug
In a letter to PM Narendra Modi on Friday, Kerala CM Pinarayi Vijayan urged him to waive GST and Customs duty on a life-saving drug to be imported from the US for the treatment of an 18-month-old child suffering from Spinal Muscular Atrophy (SMA), a rare disease, in the state.
12 Jun 2021
CoronavirusGST Council meeting: No tax for COVID-19, black fungus medicines
The Goods and Services Tax (GST) Council on Saturday decided to waive taxes on select items essential in the fight against COVID-19 such as medicines and certain equipment.
26 Feb 2021
Bharat BandhBharat Bandh today against GST, fuel price hike
The Confederation of All India Traders (CAIT) has given a clarion call for a Bharat Bandh on Friday, February 26, to protest against the rise in fuel prices, the new E-way Bill, and Goods and Services Tax (GST).
18 Dec 2020
IndiaPrivate security guards to play big role in vaccination drive
The 90 lakh private security guards in the country will have a big role to play in the distribution of the coronavirus vaccine, Union minister G Kishan Reddy said on Thursday, as the government plans to roll out a massive vaccination drive across India.
07 Dec 2020
ITC LimitedGST transactions worth over Rs. 1 lakh crore under scanner
Nearly 13,000 business entities, including some big corporations, allegedly availed of input tax credit (ITC) via fake invoices worth more than Rs. 1 lakh crore, for nearly three years, the Directorate General of Analytics and Risk Management (DGARM) has found.
26 Oct 2020
MaharashtraAmend or abandon GST: Uddhav Thackeray tells BJP-led Centre
Uddhav Thackeray, the disgruntled former ally of Bharatiya Janata Party (BJP), launched a sharp attack on the Centre on Sunday, saying that the GST system has failed and it should either be amended, or the old system should be brought back.
12 Oct 2020
Nirmala SitharamanCentre announces travel payout, festival advance for government employees
To aid the economy, bruised by the coronavirus pandemic, the Centre on Monday announced a few measures for government employees.
12 Jun 2020
X18% GST on parotas: Internet loses it over absurd rule
Until now, you might not have given much thought to whether you were having your butter chicken or dal makhni with a serving of rotis or parotas.
24 May 2020
MaharashtraMaharashtra lockdown may not end on May 31, says Thackeray
Maharashtra Chief Minister Uddhav Thackeray on Sunday said that the lockdown may not be lifted on May 31 as the "multiplication of the virus" is picking up.
10 May 2020
India#FinancialBytes: GST Refund Process - How to claim your refund?
The Goods and Services Tax (GST) regime in India was meant to make businesses hassle-free and more compliant. But, the mammoth of unclear guidelines have made it rather difficult for them.
05 May 2020
IndiaPopular tech products that Chartered Accountants should know about
In India, Chartered Accountancy (CA) is one of the most respected professional courses. It is a three-level program offered by the Institute of Chartered Accountants of India.
06 Apr 2020
RealmeGST effect: These Realme smartphones have become costlier in India
With an increase in GST rates on smartphones from 12% to 18%, Chinese tech giant Realme has increased the prices of its handsets.
04 Apr 2020
Nokia 5GST effect: These Nokia smartphones have become costlier in India
With the recent hike in the GST rates on smartphones from 12% to 18%, HMD Global has followed the footsteps of other OEMs to increase the prices of Nokia smartphones.
03 Apr 2020
SamsungGST effect: These Vivo smartphones have become costlier in India
As the GST rate on smartphones increased from 12% to 18%, several smartphone manufacturers including Apple, Samsung, Xiaomi have hiked the prices of their handsets in India.
01 Apr 2020
SamsungAfter Xiaomi, Apple and Samsung increase smartphone prices in India
With the recently-announced 50% hike in GST rates on mobile phones coming into effect today, Apple and Samsung have followed in the footsteps of Xiaomi to increase the prices of their smartphones in India.
01 Apr 2020
XiaomiXiaomi, Redmi, POCO smartphones become costlier due to GST hike
Xiaomi has increased the prices of its smartphones in India, in a bid to cushion the impact of the raised tax on mobile phones.
14 Mar 2020
InfosysMobile phones to get more expensive; GST council raises tax
Mobile phones are expected to become more expensive as the government has raised the rate of Goods and Services Tax (GST) on them from 12% to 18%.
17 Feb 2020
India#CareerBytes: Career options to choose from after pursuing Chartered Accountancy
In India, Chartered Accountancy (CA) is one of the most sought-after professional courses.
01 Feb 2020
Narendra ModiBudget 2020: Nirmala Sitharaman reveals three themes of Budget
As she rose to present her second Union Budget today, Finance Minister Nirmala Sitharaman said the budget for the financial year of 2020-21 revolves around three themes: Aspirational India, Economic development for All, and building a Caring society.
02 Jan 2020
Telecom Regulatory Authority of India (TRAI)TRAI reduces cable-pricing: 200 channels now available at Rs. 153
After several calls of concern, Telecom Regulatory Authority of India (TRAI) has made amendments to New Tariff Order (NTO), the regulatory framework that went into effect in April 2019 and gave consumers an option to pay for what they watch.
27 Dec 2019
India#CareerBytes: Popular software/tech products that Chartered Accountants should learn about
In India, Chartered Accountancy (CA) is one of the most respected professional courses. It is a three-level program offered by the Institute of Chartered Accountants of India.
08 Dec 2019
India#FinancialBytes: GST Refund Process - How to claim your refund?
The Goods and Services Tax (GST) regime in India was meant to make businesses hassle-free and more compliant. But, the mammoth of unclear guidelines have made it rather difficult for them.
29 Nov 2019
Reliance IndustriesJioFiber introduces new Rs. 351, Rs. 199 prepaid broadband plans
Reliance Jio has introduced a couple of new prepaid broadband plans for its fiber-to-the-home JioFiber service.
26 Nov 2019
IndiaUltraviolette F77 v/s Ather 450: Which e-vehicle is better?
Bengaluru-based Ultraviolette Automotive has recently announced its F77 all-electric performing bike in India. The premium two-wheeler comes with a superbike-like design, a range of 130-150km, and a claimed top speed of 147 km/hour.
21 Sep 2019
IndiaGST Council meeting: Push for hospitality; no relief for auto-sector
Union Finance Minister Nirmala Sitharaman addressed the media, following the 37th GST Council meeting in Goa yesterday.
20 Sep 2019
Nirmala SitharamanGovernment cuts corporate tax rate to 22% for domestic companies
In a move which is expected to boost growth and provide some respite to the sluggish economy, the government has decided to slash income tax for corporates.
06 Sep 2019
Reserve Bank Of India (RBI)Amid economic slowdown, Anurag Thakur faces embarrassment at auto event
On Friday, Minister of State for Finance Anurag Thakur addressed the slowdown in the auto industry at the Automotive Component Manufacturers Association of India (ACMA) annual summit in New Delhi.
05 Sep 2019
Kiku ShardaKiku Sharda charged 78,650/- for tea, but he isn't complaining
Kiku Sharda, who often leaves you in splits with his jokes on The Kapil Sharma Show, grabbed headlines after he shared a bill where he was charged 78,650/- for just two cups of beverages, but he said "I'm not complaining."
21 Aug 2019
IndiaParle sales drop amid economic-slowdown; 10,000 employees may be laid-off?
India's leading biscuit maker, Parle Products Pvt. Ltd. may have to lay off up to 10,000 of its employees, as economic growth continues to slow down, a company executive said yesterday.
12 Aug 2019
IndiaMumbai hotel charges Rs. 1,700 for two boiled-eggs; Twitter reacts
If you thought that paying over Rs. 400 for two bananas was a bit extravagant, you are in for more surprise.
06 Aug 2019
IndiaTata Tigor EV gets Rs. 80,000 price-cut post GST reduction
Tata Motors has reduced the prices of its Tata Tigor EV in India by Rs. 80,000.
27 Jul 2019
Electric VehiclesGST Council reduces tax on electric cars to 5%
In a move to push people towards electric vehicles, the Goods and Services Tax (GST) Council slashed the tax rate on electric vehicles (EVs), bringing it down from 12% to 5%, on Saturday.
24 Jul 2019
ChandigarhRahul Bose was charged Rs. 442.50 for two bananas. What?
Luxury comes at a price, even if one eats something as cheap as bananas at a top-tier hotel.
16 Jul 2019
India#FinancialBytes: Minimum balance rules of SBI, HDFC, ICICI bank
Saving bank accounts require the customers to maintain a certain specified average monthly balance (AMB).
25 Jun 2019
Narendra ModiAligarh: This Kachori seller earns Rs. 60L; gets tax notice
There may be many reasons for why Prime Minister Narendra Modi's pakoda selling advice doesn't work, and you can add another to your list: pakodas aren't kachoris.
