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Revenue department proposes linking e-way bill with FASTag and logistics data...

The revenue department has proposed to link e-way bill with National Highways Authority of India’s (NHAI) FASTag system and the Logistics Data Bank (LDB)...

GST compensation paid to states drops to Rs.11.9 thousand crore

The Goods and Services Tax (GST) compensation paid by the Centre to the state has come down to Rs.11.9 thousand crore during the period...

World Bank: India’s economic growth to accelerate in coming years

The World Bank has projected that India’s economic growth is steadying up and it is bound to increase in the next two years. It...
GST

Last date for filing GSTR-1 extended to October 31

The Finance Ministry, on Monday, extended the due date for taxpayers to furnish GST Return-1 for the period of July 2017 to September 2018,...

IMF: India to become the source of global economic growth for...

In its annual country report, the International Monetary Fund (IMF) has stated that India will be the source of global economic growth for the...
GST

GST rates slashed: Most consumer durables to be cheaper

At the 28th Goods and Services Tax (GST) Council meeting held on 21 July 2018, the GST rate for many consumer durables such as water...
Goods-and-services-tax

Revenue department clarifies GST applicability on finance sector

The revenue department updated a set of FAQs related to Goods and Services Tax (GST) applicability on the insurance, banking, and capital markets. The...
Removal-of-input-tax-credit-for-Goods-and-Services-Tax-impacts-restaurants

Expansion plans of restaurants take a hit due to Goods and...

The withdrawal of input credit for restaurants under the Goods and Services Tax (GST) regime is expected to affect the expansion plans of these...

India’s GDP Forecast to Hit $5 Trillion Come 2025: Secretary of...

The past few years have seen the Indian economy adopt a number of different economic reforms that are now beginning to bear fruit. The...
GSTN

Government considers gaining control over GSTN from private entities

The government is reportedly coming up with a plan to convert the Goods and Services Tax Network (GSTN) into a state-owned organisation. As of...