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New Delhi: As discussions continue to bring petrol and diesel within the ambit of Goods and Services Tax (GST), Chairman of the Central Board of Indirect Taxes and Customs (CBIC) Sanjay Kumar Agarwal said it may not be possible to bring these items under the indirect taxation for the time being. Asked if petrol and…
New Delhi: The Ministry of Consumer Affairs has issued a directive, asking companies to update/revise maximum retail prices (MRPs) on unsold stocks, in line with the GST rate slabs as the latest ones come to effect from 22 September 2025. “… the Central Government hereby permits the manufacturers or packers or importers of pre-packaged commodities…
Last Updated:September 07, 2025, 12:01 is Ashwini Vaishnaw said GST reforms began 1.5 years ago under PM Modi, unrelated to US tariffs. Union Minister Ashwini Vaishnaw. (File) Union Minister Ashwini Vaishnaw said that the recently announced Goods and Services Tax (GST) reforms has nothing to do with any external factors as the works for them…
Last Updated:September 06, 2025, 19:39 is Nirmala Sitharaman thanked state finance ministers for supporting the GST overhaul, unanimously approved at the GST Council, and promising relief for the common man. Finance Minister Nirmala Sitharaman. Union Finance Minister Nirmala Sitharaman wrote to finance ministers of all states, expressing gratitude for their support and active role in…
Last Updated:September 05, 2025, 20:21 is FM: “I, without any hesitation, will bring that example of the popcorn. Why am I saying “hesitation”? Because I was pilloried on it. But that tells you problem of classification.” FM Nirmala Sitharaman spoke about GST reforms. (PTI File) Finance Minister Nirmala Sitharaman, in an exclusive interview to CNN-News18,…
Last Updated:September 05, 2025, 19:15 is FM Nirmala Sitharaman to CNN-News18: “At one point in time, they call it Gabbar Singh Tax, another point in time saying, oh, this is fine, but it should have come earlier.” FM Nirmala Sitharaman spoke about how PM Modi had sought GST reforms eight months ago. (PTI File) Finance…
New Delhi: GST Council Meeting: The 56th meeting of the GST Council that kick off on Tuesday morning has announced the much anticipated big-bang reforms in GST tax structure. The GST Council has accepted Group of Minister’s (GoM) proposal to retain two slabs — 5 percent and 18 percent. From groceries and fertilisers to footwear,…
Last Updated:September 04, 2025, 00:16 is ‘Sin goods’ or ‘demerit goods’ are items deemed harmful to health or society and are taxed at the highest rate A special 40 percent slab has been proposed for a select few items such as high-end cars, tobacco and cigarettes. (Image for representation) The all-powerful GST Council on Wednesday…
Last Updated:September 03, 2025, 23:31 is The GST Council slashed rates on stationery items like maps, pencils, crayons, and notebooks, making them tax-free. News18 As the GST Council on Wednesday announced major rate cuts, several stationery items were made tax-free. These items include maps and hydrographic or similar charts of all kinds, including atlases, wall…
GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax regime. The GST Council approved rate overhaul by limiting slabs to 5 per…