Arvind Subramanian Calls For Bringing Petrol, Diesel Under GST

The Chief Economic Advisor also made a case for one rate under GST for all goods and services down the line.

There will be an increase in the custom duty on auto components but according to the government will certainly help the Make-In-India campaign.

This is the first Budget after the introduction of GST and we all know how the prices of cars were affected by the introduction of the Goods and Services Tax. GST did away with all the indirect taxation but the additional cess on luxury cars acted as a dampner for the car makers, in Budget 2018.

As Finance Minister Arun Jaitley rolled out a Budget focused on farmers and the rural poor today, while boosting jobs and private investment, he has pegged the fiscal deficit target for next year at 3.3 per cent, higher than the earlier 3 per cent goal. Presenting the government's last full-year budget before the 2019 general elections and ahead of eight state electio...

A senior officer of the Commercial Taxes Department was today arrested by the Andhra Pradesh Anti-Corruption Bureau for allegedly owning, in his or his relatives' names, assets worth over Rs 150 crore.

In July 2017 the increased GST on luxury hotels has made India a more expensive destination.

With so much of startup work being done online, industry stakeholders also hope for improvement in the digital space.

Rising crude oil prices are putting upward pressure on inflation while the government has limited room for a stimulus, say experts.

The losses exporters suffer directly impact the craftsmen and artisans of Moradabad.

The rail budget is likely to witness an increase in the plan allocation from Rs 1.31 lakh crorre to about Rs 1.46 lakh crore,

Expectations are high that the government will announce some income tax sops for the middle class in Budget 2018, the last full-year Budget before general elections due next year. With eight state elections also due this year, the government is also expected to focus on the farm sector and small businesses. This will also be the first Budget after the rollout of GST, ...

Finance Minister Arun Jaitley will present the Union Budget for financial year 2018-19 on February 1. The first phase of the budget session of the parliament began from January 29 and will continue till February 9. This year's budget session is crucial as it comes after the Modi government made two very big financial decisions in the last couple of years - Demonetisat...

Union Budget is the most comprehensive report of government's finances in which revenues from all sources and outlays for all activities are consolidated.

Fiscal consolidation was first proposed by Prime Minister Narendra Modi's government in its maiden budget in fiscal year 2014/15, aiming to break a long line of governments that preferred to borrow and spend.