GST Slab

If ordered with food, tax would be the lower rate; over the counter, it would attract a higher GST

Union Finance Minister Nirmala Sitharaman Monday said that petrol and diesel can be brought under the GST ambit if the GST council takes a call

No decision on rate rejig; to meet again for further deliberation

The ministerial panel, headed by Karnataka CM Basavaraj Bommai, will be meeting for the second time since it was set up in September last year

Apart from fewer slabs, the council will do well to take on issues like bringing petroleum under GST, addressing conflicting rulings of AARs and the issue of compensation to states beyond 2022

Following the backlash it received for the update to its privacy policy in early January, WhatsApp will now let users take a better look at the changes that have been proposed. Read top news here

Says fiscal consolidation be pushed for later years or formulated from three-year perspective

Raising GST rates or rationalisation of tax slabs may be discussed by the GST Council in the next meeting to be scheduled early next month.

The rates right now are revenue negative and not revenue neutral, he added

Says now onwards GST Council will consider any change in tax rates only once a year instead of in each and every meeting

Let's pretend no more that the system isn't broken. The Centre needs to break heads in the GST Council and work out new slabs and rates (the fewer the better) and make a fresh start, writes T N Ninan

From RBI keeping rate cut unchanged, tough road for Subhash Chandra's Essel to Saudi Aramco raising $25.6 bn in largest-ever IPO, Business Standard brings you the top headlines of the day.

The panel is also looking at bringing under GST items like foodgrains that faced either value-added tax or purchase tax

The BJP leader said that states were not paid full compensation amount

About three-fourth items in the highest tax slab may move to lower brackets

Mitra argued that the consumer items under the 18 per cent bracket should be brought under the 12 per cent