Automobiles in India are already taxed with 28% GST. But some sources claimed that Nitin Gadkari is proposing to add 10% extra GST on the automobile industry. Some news sources reported that Nitin Gadkari, the Union Minister for Road Transport and Highways, is suggesting an additional 10% extra tax on diesel engine vehicles for specific ...

The 51st GST Council meeting will be presided over by Union Finance Minister Nirmala Sitharaman by videoconference on Wednesday, August 2, at 4 p.m.  The GST Council is expected to decide during the meeting how to calculate the supply value in online gaming and gambling in order to impose a 28 percent tax. The meeting ...

The Goods and Services Tax (GST) Council has made several decisions in its 50th meeting. They have decided to impose a uniform 28% tax on online gaming, casinos, and horse-racing, while reducing the tax rate for uncooked snacks, cancer medicine, and imitation zari thread. The council also clarified the tax rate for food and beverages ...

In a much-needed relief for the Union Government, economic activities in the country are picking up pace in the post-pandemic recovery process. Key economic indicators such as GST collections, manufacturing activity and auto sales have shown signs of mild recovery in the month of September. In a major development, Goods & Service Tax (GST) collected ...

The Comptroller and Auditor General (CAG) of India has found that the Central government in the first two years of the GST (Goods and Services Tax) implementation 2017-19 wrongly retained Rs 47,272 crore of the GST compensation cess that was meant to be used explicitly to compensate state governments for loss of revenue. The CAG ...