GST Rate

The applicant, a manufacturer, had argued that 18% GST should be applicable

Authority couldn't find adequate rate for the farm produce on the basis of its final product

Separate investigation on home-grown online gaming companies shows tax evasion of up to Rs 80,000 crore

The announcement by the AAR bench came after the clarifications issued by the Central Board of Indirect Taxes and Customs (CBIC) in August

Experts say this would reduce litigation in courts, as different classes of cranes attract different tax rates

Congress and other like-minded opposition parties held a joint protest against the price rise and increase in the GST rates of essential commodities in the Parliament House complex

Lok Sabha proceedings were adjourned till 2 pm on Friday following protests by the Opposition on price rise and other issues. As soon as the House reconvened at 12 pm, members of opposition Congress and Left parties stormed the well, waving placards and raising slogans against rising inflation. BJP member Kirit Solanki, who was in the Chair, allowed laying of parliamentary papers and matters of urgent public importance on the table of the House. MPs Rajveer Singh, Sushil Kumar Singh and Pallab Lochan Das mentioned matters related to their constituencies. As the Opposition's protest continued despite appeals from the Chair, the proceedings were adjourned till 2 pm.

While the GST council proposed to withdraw tax exemptions for a few items and rate changes for others, exemptions for many others were removed

The GST Council at its meeting in Chandigarh this week is likely to make changes in goods and services tax rates on a handful of items

From TDS levy on cryptocurrencies to GST rate of over 200 items staying the same, here are the top headlines on Thursday morning

Maharashtra has so far reported 20 Omicron cases

Bondholders of Vodafone Idea will receive their interest in time on the due date of December 13. More on that story in story in top headlines.

Council should address structural shortfall in revenue

The private procurement of 25 per cent of vaccines would require a payment of 5 per cent GST

The government has set up a panel of state ministers

The move to disallow IGST for exporters is aimed to plug large-scale frauds in the GST system

Besides merging the rate slabs of 12 per cent and 18 per cent, the GST Council could consider phasing out exemptions to those commodities that were subject to VAT duty by the States

The government is likely to include auto components under the production linked incentive (PLI) scheme and evaluate local content and bring in value addition to automobile companies

Council to take up issue; SoPs for hotels, tourism, aviation may be tweaked

"Once the tax base increases and if we are able to enforce our tax laws and everyone pays taxes properly, there will be definitely scope for further reduction of taxes."