The Finance Minister of India, Nirmala Sitharaman, announced an agricultural infrastructure and development cess (AIDC) on some goods while presenting Union Budget 2021. AIDC was announced to provide...
On October 5, 2020, Finance Minister Smt Nirmala Sitaraman chaired the 42nd GST Council Meet. Key Highlights The GST Council could not finalize borrowing plans of states to...
States are starting to target petroleum for revenue. Nagaland recently imposed a cess on petrol and diesel sales. Cess Cess is a type of tax that is charged...
On March 24, 2020, the Ministry of Labour and Employment transferred funds to the account of construction workers in the backdrop of outbreak of COVID-19. Highlights The Labour...
According to a report published by the Ministry of Finance, Gross Goods and Services Tax(GST) revenue collected in November was Rs 1,03,492 crore out of which Central GST...
The rapidly changing climate and the rising temperatures have led to a spate of floods, droughts, and other natural disasters. Not only do the natural disasters cause the...
The Union Budget has made the following changes to its hydrocarbon policy for better revenue realization- The Union Budget 2019 has raised the excise duty and the road...
1st July 2019 is being celebrated as GST (Goods & Services Tax) Day. This year marks the 2nd anniversary of implementation of historic tax reform of Goods &...
The data from the Ministry of Finance shows that goods and services tax collections stood at Rs. 1,02,503 crore in the month of January. Of the Rs. 1,02,503 crore GST revenue,...
