In First Arrests Under GST Law, 2 Mumbai Businessmen Held

In what could be the first arrests under the Goods and Services Tax (GST) law, the directors of two companies have been arrested in Mumbai for allegedly availing tax credits illegally.

India might have regained the status of the world's fastest-growing major economy in the October-December quarter, driven by higher government spending and a pick-up in manufacturing and services.

GDP or gross domestic product grew at 6.9 per cent in the October-December quarter from a year earlier as the transient effects of GST fade away, according to a Reuters poll of more than 35 economists, taken over the past week. If the GDP growth numbers come in line with the Reuters poll, it will be the best growth rate recorded in a year. It would also help India reg...

E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN (common portal).

Nandan Nilekani will assist the government in developing IT infrastructure for the mega National Health Protection Scheme (NHPS), which seeks to cover 10-crore families

The 15th Finance Commission, set up to recommend the devolution of central pool taxes to states, as well as a fiscal consolidation roadmap for government finances, has invited suggestions from the public, according to the Union Finance Ministry.

Monthly filing of GST returns has been cited as a "cumbersome procedure", according to Ficci.

High rentals and difficulty in retaining experienced staff are key challenges faced by the restaurant industry in Mumbai and Bengaluru, said the survey titled 'Bon Appetit Emerging trends, opportunities and challenges in Indian restaurant industry'.

The popular community kitchen -- better known as the "langar" -- of gurdwaras in northern part of the country claims to feel the pinch of the GST regime that came into force seven months ago.

Almost exactly a year after taking the PC market by storm with its new Ryzen series, AMD has launched its first desktop models with integrated graphics.

Economist Bibek Debroy has found an easy way of summing up the year that was by breaking down India's milestone events such as introduction of the national tax GST -- a complex policy -- into bite-sized chunks with the launch of The Book of Limericks

Hitting back at Prime Minister Narendra Modi over his "Ramayana" jibe at her in Parliament, Congress MP Renuka Chowdhury today said there was no GST on laughter and that she did not need anyone's permission to laugh.

As it struggles to placate ally Telugu Desam Party, the ruling BJP now has on its hands an angry Bharatiya Mazdoor Sangh, an affiliate of the party's ideological mentor the RSS, which has said it will protest against what it called an "anti-labour budget."

The five petroleum items have been kept out of GST as they are considered cash cows, giving both the Centre and states bulk of their tax revenues.