Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday that a reduction in goods and services tax (GST) can be expected. She stated that the GST Council is currently working on streamlining the rate slabs for Goods and Services Tax. Additionally, the finance minister highlighted that there has been a significant decrease in GST … Read more
The panel of states’ finance ministers on casino and online gaming taxation is likely to submit the final report in 7-10 days. The Group of Ministers (GoM), headed by Meghalaya chief minister Conrad Sangma, will however, meet stakeholders said seek legal opinion before submitting the final report. “After taking the opinion of stakeholders and after … Read more
The Group of Ministers set up by the GST Council on Sikkim‘s demand of levying Covid cess on power and pharmaceutical sectors has ruled out levying any cess on production and has instead recommended that a one-time grant be given by the Centre to the state. Officials aware of the developments said that levying a … Read more