Key decisions of the 56th GST Council Meeting on coal include: removal of the Rs. 400 per tonne GST compensation cess previously levied on coal, and an increase in GST rate on coal from 5 per cent to 18 per cent.
US President Donald Trump again claimed credit for India-Pakistan cessation of hostilities. However, this time the remark came in the presence of UK Prime Minister Keir Starmer.
The Federation of Automobile Dealers Associations (FADA) has urged the government to bring clarity on the issue of compensation cess, saying that the burden should not fall on dealers who are only part of the distribution chain.
According to the Ministry of Finance, coal previously attracted a 5 per cent GST, along with a Compensation Cess of Rs 400/ton, prior to the rate rationalisation.
In a major reform aimed at providing relief to households, farmers, businesses and the healthcare sector, Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs,
The United States (US) will emerge as the biggest beneficiary of the complete waiver of customs duty and Agriculture Infrastructure and Development Cess (AIDC) on the import of raw cotton, which was announced by the Centre this month, said Global Trade Research Initiative (GTRI) in a latest
Finance Minister Nirmala Sitharaman on Wednesday addressed the Group of Ministers (GoMs) constituted by the GST Council on Compensation Cess, Health and Life Insurance (for individuals), and Rate Rationalisation at Vigyan Bhawan.
In a major relief to the textile and garment industry, the Central Government on Monday announced a complete waiver of customs duty and Agriculture Infrastructure and Development Cess (AIDC) on the import of raw cotton.
There are three reasons US President Donald Trump has imposed 50 per cent tariffs on Indian goods including his "being miffed that India has not acknowledged his role" in cessation of hostilities with Pakistan following Operation Sindoor, former diplomat Vikas Swarup has said, noting that
Referring to the situation as "a brutal campaign" under the pretext of security, the Jirga has called upon Pashtun leaders and individuals across various regions to participate in widespread protests on August 1, demanding an immediate cessation of military actions and state violence.
Reacting to External Affairs Minister S Jaishankar's statements in Parliament on Operation Sindoor, Congress MP Priyanka Gandhi Vadra on Monday said that certain points were left unclear regarding the alleged involvement of the United States in the cessation of hostilities between India a
Noting that Operation Sindoor marks a new face and a new normal in India's fight against cross-border terrorism, External Affairs Minister S Jaishankar on Monday firmly rejected claims of any third-party mediation in cessation of hostilities between India and Pakistan and also said that a