Washington, Jan 16 (IANS) The International Monetary Fund (IMF) signaled that it is likely to upgrade India’s growth forecast after the country’s economy expanded more strongly than expected in the latest quarter, reaffirming India’s role as a key driver of global growth.Responding to a question on India’s growth outlook for 2025, IMF Communications Department Director Julie Kozack said India continues to anchor global expansion even as uncertainty clouds the broader international econom…
Latest Goods and Services Tax News & Updates
New Delhi, Jan 7 (IANS) Eternal, the parent company of Zomato and Blinkit, has received a goods and services tax demand order amounting to nearly Rs 3.7 crore, including interest and penalty, for the period between April 2019 and March 2020.The order was issued by the Additional Commissioner of State Tax (Appeals), West Bengal, and relates to the alleged short payment of output GST.Eternal disclosed the development in a regulatory filing late on Tuesday evening.According to the filing, the compa…
Chandigarh, Jan 5 (IANS) The Aam Aadmi Party (AAP) government’s announcement of providing a health insurance cover of Rs 10 lakh to 65 lakh families in Punjab is a bundle of “lies aimed at misleading people”, the BJP alleged on Monday, claiming that the government is paying only Rs 1 lakh as insurance premium to the insurance company.”When the government is paying a premium of just Rs 1 lakh to the company, how can the company provide an insurance cover of Rs 10 lakh?” BJP leader Manoranjan Kali…
Mumbai, Dec 30 (IANS) For Maharashtra, 2025 unfolded as a year of political consolidation — steady on governance, ambitious on economic growth, but strained socially and fiscally. The state navigated the year under the dominance of the ruling Mahayuti coalition, a weakened Opposition, sustained infrastructure momentum, and recurring concerns around agrarian distress, public safety and fiscal discipline.The year was marked by political realignments, a strong push for infrastructure and industry,…
New Delhi, Dec 30 (IANS) The GST Council may consider cutting goods and services tax on air and water purifiers for domestic use from 18 per cent to 5 per cent, reclassifying them as essential items rather than discretionary consumer goods.It could lower retail prices by about 10-15 per cent, improving affordability for lower‑income families at a time when air quality across the country worsens and access to safe drinking water remains uneven, multiple reports said, citing sources familiar wit…
Chandigarh, Dec 24 (IANS) The Punjab Bharatiya Janata Party (BJP), on Wednesday, launched a scathing attack on the Aam Aadmi Party (AAP) government in Punjab, saying an atmosphere of open loot, intimidation, and fear has been established in the name of Goods and Services Tax (GST). State BJP General Secretary Anil Sarin said the claim made by Finance Minister Harpal Cheema of a 16 per cent increase in GST revenue “is nothing but manipulation of figures and a deception of the public”.He added tha…
New Delhi, Dec 24 (IANS) The Delhi High Court on Wednesday pulled up the Union government over the worsening air pollution crisis in the national Capital, observing that if clean air cannot be ensured for citizens, at the very least the Goods and Services Tax (GST) on air purifiers should be reduced. A Bench of Chief Justice Devendra Kumar Upadhyaya and Justice Tushar Rao Gedela, while hearing a public interest litigation (PIL) seeking to declare air purifiers as falling within the category of m…
Berlin, Dec 23 (IANS) Leader of Opposition in the Lok Sabha, Rahul Gandhi, has asserted that Prime Minister Narendra Modi’s vision for India is fundamentally flawed and will fail, while alleging that the country has effectively handed over its production base to China.Delivering a speech at the Hertie School in Berlin, Germany, on the theme ‘Politics Is The Art Of Listening’, Gandhi said there was a deep ideological clash over the idea of India itself.”A lot of us do not agree with his ideology,…