Wrong To Say India On 5% Growth Trajectory: PM's Economic Advisory Council

Bibek Debroy said GST collection has been revenue negative so far instead of being revenue neutral.

Each public sector bank will conduct an outreach programme aimed at taking advantage of the festive season, the Finance Minister said.

The Centre on Wednesday said it will certainly take up the issue of "hefty" GST on hotel rooms' tariff in the meeting of its council as it impacts the tourism industry.

Currently GST at the rate of 28% is charged on hotel rooms with tariffs over Rs 7,500 and 18% on rooms which are priced between Rs 2,500-7,500.

ACT Fibernet has launched new gaming packs for its users in India. It is initially offering two packs – A-Game Basic and A-Game Ultra.

India's goods and services tax (GST) panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a study has warned of major revenue losses, two government officials said.

Bangalore-based Ather Energy has discontinued its entry-level 340 electric scooter. The company took to its social media channels to announce the development and the scooter has also been delisted from the company's website as well. Explaining the decision, the manufacturer said that the Ather 340 had dismal demand over the flagship 450. The latter grabbed 99 per cent...

The GST Network has also decided to complete online refunding from September 24 from the central GST or the state GST.

The automobile sector has been a witness to the biggest drop in sales ever since 1998 and there are several factors that have contributed to this. Right from new emission norms kicking in to raw materials and fuel prices soaring, to GST rates and finally, low buying sentiment. The drop in sales have of course affected even the market share of companies in the country ...

The GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and Union Territories (UTs), is scheduled to meet on September 20 in Goa amidst a clamour for a cut in tax rates from various industries to beat the slowdown in the economy.

The Central Bureau of Investigation has arrested a superintendent in the Goods and Services Tax (GST) Department from Uttar Pradesh's Meerut for allegedly taking Rs 3-lakh bribe to clear a pending case, officials said on Friday.

the country's automobile industry, which has been heavily dented by the consumption slowdown, has been demanding a reduction in GST from 28 to 18 per cent.

Daimler India Commercial Vehicles MD and CEO, Satyakam Arya, says that GST cut will not be enough to help the auto industry recover from the current slowdown. Instead, Arya says that the government needs to come out with an effective scrappage policy to help the industry.

Late last week, the GST Fitment Committee, a panel of GST officials from the GST Council, came together to discuss the repercussions of GST rate cut on automobiles.