Tag: gst
GST compensation cess on tobacco to end on Feb 1; new laws notified| Business News
NEW DELHI: The government on Wednesday formally annulled the vestige of compensation cess on sin goods such as cigarettes and tobacco products from the Goods…
Record agri output in 2025 amid GST cuts, US tariffs; seed, pesticide bills eyed for 2026
New Delhi, India’s agriculture sector closed 2025 with a projection of record foodgrain output surpassing last year’s 357.73 million tonnes (MT) despite US tariffs disrupting…
A step forward: 83 GSTAT members allotted benches
NEW DELHI: The finance ministry has allotted benches to 83 newly appointed members of the Goods and Services Tax Appellate Tribunal (GSTAT), a key step…
Health & national security cess only on demerit goods like pan masala, not essentials, says Nirmala Sitharaman
New Delhi: Finance minister Nirmala Sitharaman Thursday said the proposed health and national security cess will be levied only on demerit goods such as pan…
Parliament approves Central Excise (Amendment) Bill, 2025 to levy excise duty on tobacco
Parliament on Thursday approved a bill to levy a higher excise duty on tobacco and related products once the GST compensation cess ends, with the…
‘Reforms are driving demand, capacity use’: Ficci President Anant Goenka
Driven by strong macro fundamentals and reforms, India‘s economy is expected to expand more than 7% in fiscal 2026, new Ficci president Anant Goenka said….
Capex cuts to offset tax shortfalls, Govt on track for fiscal targets of FY26: Goldman Sachs
The Central government is expected to meet its fiscal deficit target for FY26 by cutting back on capital expenditure to offset potential shortfalls in income…
RBI likely to keep repo rate unchanged at 5.50% in December policy: BoB
The Reserve Bank of India (RBI) is expected to maintain the repo rate at 5.50 per cent in its upcoming monetary policy announcement on Friday,…
November GST mop-up grows slowest in fiscal due to rates revamp
New Delhi: India’s gross goods and services tax (GST) collection increased a modest 0.7% year-on-year in November to ₹1.70 lakh crore, the lowest so far…
GST collections soften in November 2025 in the aftermath of rationalisation move| Business News
India’s GST collections softened in November 2025 due to the rationalisation move that reduced the indirect tax of hundreds of items. GST collections are up…