Fiscal Stimulus Of Rs 3 Lakh Crore Needed To Push Demand: Industry Body CII

Industry body CII: Accelerated vaccination is the key to faster economic recovery.

Senior Congress leader P Chidambaram on Wednesday said Finance Minister Nirmala Sitharaman is "wrong" in claiming that GST dues of states have been cleared and cited the example of Congress-ruled Rajasthan, Punjab and Chhattisgarh.

On June 12, the GST Council, chaired by the Finance Minister, reduced the tax rates on most COVID supplies and declared that no tax will be levied on medicines for treating Black fungus.

Amit Mitra said that the virtual link was snapped at a "critical time" during the 44th GST Council meeting on Saturday.

SBI said in its report that the space for monetary accommodation is over and only a proactive fiscal policy can rekindle animal spirits and growth.

The GST Council in its meeting has decided to reduce rates on specified items being used in Covid-19 relief and management including Ambulances.

Minister of State (MoS) in the Finance Ministry Anurag Thakur has dismissed the remarks of West Bengal Finance Minister Amit Mitra, who claimed that he was not allowed to speak at the end of the GST Council meeting held in Delhi on Saturday.

West Bengal Finance Minister Dr Amit Mitra said his opposition to taxing items related to the Covid pandemic was ignored and muzzled today at the GST Council. Union Minister Anurag Thakur denied the charge.

Tax on medicines, some hospital equipment and other items needed in the fight against COVID-19 has been reduced by the Goods and Services Tax Council. The tax cut is based on recommendations by a Group of Ministers amid the pandemic.

GST Council Meeting, chaired by Finance Minister Nirmala Sitharaman, reduced the tax rates on major COVID-related essential items, however, vaccines will continue to attract a five per cent GST

GST Council Meeting 2021: In the previous GST Council meeting, the tax was exempted on the import of Amphotericin B, a medicine used for the treatment of black fungus infection.

A Covishield dose cannot cost more than Rs 780 a dose, Russia's Sputnik V will cost a maximum of Rs 1,145 a dose and Covaxin cannot be costlier than Rs 1,410 a shot. This includes Rs 150 in GST or Goods and Services Tax.

With startup culture thriving in India and the need for ‘going local’ becoming increasingly popular, we take a look at all the hottest tech startups grabbing headlines in the country. Gadgets 360 talks to ClearTax founder Archit Gupta to know about the company’s history, growth, and future plans. We also talk to experts to understand what this startup needs to d...

According to the Ministry of Finance, the gross GST revenue in May 2021 is 65 per cent higher than the GST revenues in the corresponding month last year