Finance Minister Nirmala Sitharaman announced that the next meeting of the Goods and Services Tax (GST) Council is tentatively scheduled for mid to late August. GST Council proposes exemption for specific services offered by Indian Railways to the general public, as well as for intra-railway transactions. The sale of platform tickets and services such as retiring rooms, waiting rooms, cloakroom facilities, and battery-operated car services are now exempt from GST. This session aims to address the pending agenda items from today's meeting. Today's GST Council meeting was marked by several key decisions aimed at easing the compliance burden and providing relief to taxpayers.
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Punjab Finance Minister Harpal Singh Cheema on Tuesday said the AAP government has brought down the debt-to-GSDP ratio by four percentage points to 44.47 per cent.
Fino Payments Bank said that tax authorities have arrested its managing director and CEO Rishi Gupta for violating the law related to the Goods and Services Tax.
For licensing purposes, the product had been described as a "non-fruit syrup containing 10% fruit juice", since it did not meet the higher fruit content threshold prescribed under food safety norms for a "fruit syrup".
Two housekeeping employees, working at a Central Government GST office, posed as "Intelligence Officers" and ran an extortion racket targeting city traders before being caught in Bengaluru.
Retail sales of medium and heavy commercial vehicles grew 15.4% year-on-year in January, with light commercial vehicle retail volumes up 14.9%, reflecting GST benefits.
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