GST Council Meeting: Which goods, services will become costlier, what will be cheaper this time? Key expectations

GST Council Meeting: Which goods, services will become costlier, what will be cheaper this time? Key expectations

The Finance Ministry will conduct the Goods and Services Tax (GST) Council Meeting in New Delhi today (June 22). Union Finance Minister Nirmala Sitharaman will presiding over the meeting. Although the meeting’s agenda is yet unknown, it is expected that the state ministers would table their requests. Saturday’s Council meeting will be held after a … Read more

Andhra announces new industrial policy with key fiscal incentives, also offers support services

Andhra announces new industrial policy with key fiscal incentives, also offers support services

HYDERABAD: Andhra Pradesh on Monday announced a new industrial development policy which seeks to offer fiscal incentives and interventions across infrastructure, ease of doing business, skill development, and business enablement, apart from setting up a multi-faceted capability center to offer support services to the units. In a statement, the government said the new multi-faceted capability … Read more

GST mop-up in July at Rs 87,422 crore, slips from June collections

GST mop-up in July at Rs 87,422 crore, slips from June collections

The government collected goods and services tax (GST) of Rs 87,422 crore for July, lower than that collected in June, indicating a stability in collections, analysts said. “During the previous month, a large number of taxpayers also paid taxes pertaining to February, March and April 2020 on account of the relief provided due to COVID-19,” … Read more