The Finance Ministry in its 55th Meeting of the GST Council, clarified that ready to eat popcorn which is mixed with salt and ...

NDTV Profit, in its weekly news wrap every Friday, brings you the major events shaping businesses, industries, and global ...

The government clarified that revenues from tobacco taxes contribute to the overall Gross Tax Revenues (GTR) and are not earmarked for specific purposes like cancer prevention but are used to fund ...

In the Safari Retreats case, the Supreme Court’s interpretation of GST law on provision of input credit was welcomed by industry. GST Council in its December meeting recommended a retrospective ...

The Supreme Court held that Section 17 (5) (d) should be interpreted in alignment with the GST law’s purpose of avoiding the cascading effect of taxes. It was held that the section was intended to ...

The crucial top revenue post was filled within two weeks of the former revenue secretary Sanjay Malhotra taking charge as the ...

The discussions, held ahead of the Union budget to be presented on 1 February, come at a crucial time for India’s economy, ...

The recent hike in GST on used cars from 12% to 18% has stirred discussions about its implications for buyers and dealers.

Finance Minister Nirmala Sitharaman’s clarification on why salted popcorn is taxed at 12 per cent but caramel popcorn at 18 ...

40% of India’s elderly are in the lowest wealth quintile, and 20% have no income, highlighting challenge of ensuring ...

As per the GST rules, the 18% GST slab is applicable to electric vehicles (EVs) as well as petrol cars with an engine ...

The upward trend in CarTrade’s shares comes despite the government in the 55th GST council meeting announcing an 18% tax on ...