Search For "tax"
UK Deputy PM Angela Rayner resigns over tax row
Updated : 5 months, 3 weeks ago IST
Rayner, who also stepped down as deputy leader of the Labour Party and housing minister, said in her resignation letter that the intense media spotlight had made her role "unbearable."
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GST rate cuts could push India's FY26 fiscal deficit above target: JM Fina
Updated : 5 months, 3 weeks ago IST
The tax revenue foregone due to GST rate cuts will eventually push India's fiscal deficit above the government's target of 4.4 per cent of GDP in FY26, unless the gap is absorbed by slowing down capital expenditure intensity, according to a report by JM Financial.
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GST rationalisation could increase pressure on the oil and gas sector, say
Updated : 5 months, 3 weeks ago IST
The recent rationalisation of Goods and Services Tax (GST) is set to bring both relief and challenges across India's key sectors, according to the ICRA press release. However, in the oil and gas sector, the move could increase pressure.
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FM Nirmala Sitharaman explains motive of GST reforms, says "focus will be
Updated : 5 months, 3 weeks ago IST
Union Finance Minister Nirmala Sitharaman on Friday announced that the foremost priority of the government is to ensure that the benefits of the GST tax reforms reach all the common people of the country.
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GST on Cement Slashed to 18 percent; Marks a Win-Win for Real Estate Devel
Updated : 5 months, 3 weeks ago IST
Delhi NCR [India], September 5: The GST Council has rationalised tax rates into a simplified two-slab structure of 5% and 18%. Among the most impactful changes is the reduction of GST on cement from 28% to 18%, a move expected to significantly lower project costs and drive growth in real es
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"Today we've streamlined taxation": Union Minister Piyush Goyal backs tax
Updated : 5 months, 3 weeks ago IST
While addressing a press conference in the national capital, the Union Commerce Minister said that under the Congress regime, multiple taxes were imposed including the Value Added Tax and Central Tax, however, PM Modi's government aims to simplify the taxation system for ease of doing bus
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Construction cost for real estate sector to decline by 3.5-4.5% because of
Updated : 5 months, 3 weeks ago IST
Rationalisation of tax rates on construction material is expected to cut the construction cost for the real estate sector by 3.5 to 4.5 per cent, according to a report by Crisil Intelligence. The government has announced to cut GST rates on cement, marble, granite, sand, bricks, etc substant
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CBI coordinates return of fugitive Harshit Babulal Jain from UAE through I
Updated : 5 months, 3 weeks ago IST
The Central Bureau of Investigation (CBI), in collaboration with Gujarat Police, Ministry of External Affairs and Ministry of Home Affairs, has successfully coordinated the return of wanted fugitive Harshit Babulal Jain on Friday from the United Arab Emirates, said the CBI.
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GST 2.0 to boost FMCG consumption, larger packs items to get benefit from
Updated : 5 months, 3 weeks ago IST
The latest Goods and Services Tax (GST) rate rationalization is expected to give a strong boost to the fast-moving consumer goods (FMCG) sector, according to a report by Nuvama.
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GST rate rationalisation to cause Rs 10,664-crore shortfall in IGST receip
Updated : 5 months, 3 weeks ago IST
The central government is expected to face a revenue shortfall of Rs 10,664 crore in Integrated Goods and Services Tax (IGST) receipts due to the recent GST rate rationalization, according to an analysis report by the Global Trade Research Initiative (GTRI).
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Sectors impacted from US tariffs will get a boost from GST 2.0: Industry l
Updated : 5 months, 3 weeks ago IST
Industry bodies and experts have welcomed the government's announcement of GST 2.0, calling it a move that will simplify the tax system and reduce the burden on consumers, ultimately giving a push to the economy. Speaking to ANI, representatives from various sectors affected by the recently
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"GST should either be zero-rated or have single uniform rate": Congress's
Updated : 5 months, 3 weeks ago IST
The Congress leader further added that the tax department should function in a people-friendly manner.
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