ATF or jet fuel cost, which account for for 45%-55% of an airline's operating expenses, in India is among the highest in the world and the industry has long been demanding that it should be brought under GST
Along with fertilizers, pesticide is also an important agro input that helps in curbing pests and diseases on plants and plays a major role in increasing agricultural production.
Though the dates for next GST Council meeting is yet to be finalised, finance minister sources said its due and may take place anytime after the budget presentation.
From January onwards, small taxpayers would need to file only eight returns (four GSTR-3B and four GSTR-1 returns) in a year, one of the sources said.
Council, chaired by Finance Minister Nirmala Sitharaman and comprising of state finance ministers, will for the third time in a row discuss the issue of funding the shortfall of GST revenue of states
Finance Minister Nirmala Sitharaman said the states which received less apportionment of IGST for 2017-18, the Centre will next week transfer a cumulative Rs 24,000 crore to them
As per the Centre's calculations, states will be facing a shortfall of Rs 2.35 lakh crore in GST revenues in 2020-21.
Telangana Finance Minister T Harish Rao said the Centre was depositing the leftover Cess amount in the Consolidated Fund and utilizing it.
The additional revenue could significantly contribute to the increased need for compensation by different States during the pandemic and to disburse the dues already owed by the Centre
New Delhi: In a relief to small taxpayers with turnover up to Rs 5 crore, the GST Council on Friday halved the interest on...
The 40th meeting of the GST Council, headed by Finance Minister Nirmala Sitharaman and comprising state counterparts, will be held via video conferencing.
Voluntary organisations have appealed for a Covid cess on cigarettes, bidis and smokeless tobacco products that can provide revenue of Rs. 49,740 crore.
Hyderabad: The Telangana State Taxes Employees Association has welcomed the appointment of Somesh Kumar as the Chief Secretary of Telangana and said the department...
Tata Motors was the top gainer in the Sensex pack rising up to 1.86 per cent, followed by Tata Steel, Tech Mahindra, M&M, TCS, Vedanta and Infosys.