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Tobacco Excise Revenues to Be Shared With States at 41%

Tobacco Excise Revenues to Be Shared With States at 41%

At the time of the introduction of the GST on July 1, 2017, a compensation cess mechanism was put in place for five...

3 Dec 2025 11:47 PM IST

Centre Unveils Two New Tax Bills to Overhaul Sin Goods Levies Ahead of GST Cess Expiry

Centre Unveils Two New Tax Bills to Overhaul 'Sin Goods' Levies Ahead...

Union finance minister Nirmala Sitharaman said that the move provides for a new central excise duty to retain high taxes...

1 Dec 2025 10:12 PM IST

Union Finance Minister Nirmala Sitharaman.(PTI)

Sitharaman Introduces 2 Bills in LS to Levy Excise Duty on Tobacco,...

The Bill seeks "to give the government the fiscal space to increase the rate of central excise duty on tobacco and...

1 Dec 2025 1:23 PM IST

Tax Cuts In Current Fiscal Reduce Revenue Growth

Current Affairs

Tax Cuts In Current Fiscal Reduce Revenue Growth

According to CGA data, net tax revenue at the end of September was over Rs 12.29 lakh crore, down from Rs 12.65 lakh...

25 Nov 2025 7:38 PM IST

Festive Demand Rebounds on GST 2.0 Cuts: Icra

Festive Demand Rebounds on GST 2.0 Cuts: Icra

Rating agency says consumer durables see strong uptick after GST rejig, but sustainability hinges on broader economic...

24 Nov 2025 7:51 PM IST

GST Fails To Entice Life Insurance Buyers, Shows Oct New Sales Data

GST Fails To Entice Life Insurance Buyers, Shows Oct New Sales Data

Public sector behemoth Life Insurance Corporation of India (LIC) grew by 13 per cent in October with a first-year...

10 Nov 2025 10:52 PM IST

CAG Flags Widening TG’s Fiscal Gap

CAG Flags Widening TG’s Fiscal Gap

Debt servicing costs continued to rise, with interest payments amounting to ₹14,370.64 crore. Expenditure on salaries...

8 Nov 2025 11:42 PM IST

GST Collections Rise 4.6 pc to Rs 1.96 lakh Cr in October

GST Collections Rise 4.6 pc to Rs 1.96 lakh Cr in October

The October GST collection number reflects the impact of festive season sales, and the pent up demand

1 Nov 2025 3:51 PM IST

Union Finance Minister Nirmala Sitharaman.(PTI)

AP Chambers Wants GST Council to Reconsider Key Issues

Specifically, the AP Chambers sought rationalisation of GST on fruit pulp-based aerated beverages, currently taxed at 40...

21 Oct 2025 11:57 PM IST

GST Rate Cut Propelled Industrial Output in Telangana

GST Rate Cut Propelled Industrial Output in Telangana

Tax reforms lower costs, spur exports, and strengthen MSMEs in food, pharma, defence, and handicrafts

15 Oct 2025 1:06 AM IST

Kerala Lottery Hit Badly By GST Rate Revision, Says CM

Kerala Lottery Hit Badly By GST Rate Revision, Says CM

Despite several requests to the finance department and GST Council not to increase it, the centre ignored the pleas:...

13 Oct 2025 9:17 PM IST

AAP’s Sanjay Singh Slams ‘Bachat Utsav’, Calls GST Burden on Common People

AAP’s Sanjay Singh Slams ‘Bachat Utsav’, Calls GST Burden on Common...

There was no immediate response available from the BJP over the allegations.

23 Sept 2025 3:05 PM IST