Union Finance Minister

GST Council Meeting-Highlights

Created: July 1, 2022

47th GST Council Meeting was held in Chandigarh. In a two-day meeting GST Council recommended rate changes on certain items. These changes will be made effective from July 18, 2022. Recent Rate Changes GST on ink, lights, LED lamps and ..

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GoI facilitates filling of NIL GST Return through SMS

Created: June 9, 2020

The Government of India has allowed taxpayers to fill their NIL GST monthly reurn form through SMS. This will improve ease of GST compliance to more than 22 lakh taxpayers. Highlights The facility of filing the NIL form through SMS ..

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RBI Board recommends aligning of accounting year with fiscal year from 2020-21

Created: February 17, 2020

The current accounting year of the Reserve Bank of India (RBI) is July-June. Recently, the Central Board of Directors of the RBI recommended to align the accounting year of RBI with the financial year of the government (April-March), from 2020-21. The ..

Prime Minister invites citizens to share ideas and suggestions for Union Budget

Created: January 8, 2020

The Prime Minister of India, Narendra Modi on Wednesday, January 8, 2020, has asked all citizens of the country to share their ideas and suggestions for the Union Budget 2019-20 that is scheduled to be presented by the Finance Minister ..

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Rs. 5,908 crore Additional Central Assistance to 7 States

Created: January 7, 2020

The Centre has approved the release of funds amounting to Rs.5908 crores to 7 states. The High-Level Committee today was chaired by the Union Home Minister Amit Shah in New Delhi. Uttar Pradesh, Himachal Pradesh, Assam, Madhya Pradesh, Maharastra, and ..

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Finance minister: MDR charges not applicable for RuPay and UPI from 2020

Created: December 29, 2019

On December 28, 2019, Finance Minister Nirmala Sitaraman announced that Merchant Discount Rate (MDR) will not be applicable on bank transactions made through RuPay and UPI platforms. Highlights The Finance Ministry has directed the banks to start campaigns to popularize ..