GST

'28% GST + VAT' if Petrol, Diesel Brought Under Goods & Services Tax Regime: Report

VAT rate varies from state to state, with the highest being imposed in Mumbai - 39.12 per cent, whereas, Andaman & Nicobar charging the lowest at 6 per cent.

Arun Jaitley Says 7.7% Economic Growth Establishes India As the Fastest Growing Major Economy

He says that there has been a transformation from UPA’s “policy paralysis” to the NDA’s “fastest growing economy”.

Tax Department Clears Rs 7,000 Crore GST Refunds of Exporters

Over Rs 7,000 crore or half of the pending GST refunds of exporters has been cleared in the first nine days of the ongoing special refund fortnight.

Working to Rationalise GST Rates, Says MoS Finance Shiv Pratap Shukla

Minister of State (MoS) for Finance Shiv Pratap Shukla said the GST Council is working towards rationalising the Goods and Service Tax (GST) rates.

Petrol Price Cut by 11 Paise, Diesel Down Too; Check City-Wise Rates For June 6, 2018

Check the price of petrol and diesel in your city as on June 6, 2018.

Indian Economy to Advance 7.3 Per Cent in 2018-19, Fastest Growing, Says World Bank

India is projected to regain its position as the world's fastest-growing major economy advancing 7.3 per cent this fiscal year and 7.5 per cent in the next two "as factors holding back growth in India fade", according to the World Bank forecasts.

How Modi Govt Can Tame Petrol, Diesel Prices – Bringing Fuel Under GST Among 4 Key Options

Over the past six days, fuel prices have been reduced by nearly 45-49 paise. This was preceded by a hike on 16 straight days, raising the petrol and diesel costs by nearly Rs 9-10 per litre.

International Passengers Need Not Pay GST at Airport 'Duty-Free' Shops

This means, like exporters, duty-free shops can claim refund from the government for the GST it has paid in procuring goods from manufacturers.

GST on Langar Sewa to be Refunded by Centre

The tax-waiver was approved after President Ram Nath Kovind gave his assent to the 'Special Financial Assistance for Sewa Bhoj Yojana'.

GST Monthly Collections Cross Rs 94,000 Crore in April

Revenue collection under the Goods and Services Tax (GST) in April crossed Rs 94,000 crore and was higher than the average monthly collection of Rs 89,885 crore during 2017-18.

India's Quarter 4 GDP Grows at 7.7 percent; Touches 6.7 percent for Entire Financial Year 2017-18

Showing signs of fully coming out of the shadows of DeMo & GST, India's GDP for the 4th quarter of 2017-18 grew at 7.7 percent!

GST to Be Levied on Goods Stored in Customs Warehouse Only on Final Clearance: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) has asked its field offices to levy GST on goods in customs warehouse only at the time of final clearance.