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Some UVs which to date are paying 20% compensation cess under the old definition, will pay 22% once notification comes. But it isn't clear which UVs will be impacted. Deepak Patel reports. Automobile companies are confused as the central…

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A worker walks atop a tanker wagon at an oil terminal on the outskirts of Kolkata on November 27, 2013. The Finance Ministry has exempted imports of crude soybean and sunflower oil from basic customs duty and agriculture infrastructure and…

Last Updated: April 09, 2023, 14:08 ISTIn February, the GST Council, chaired by Union Finance Minister and comprising state counterparts, had approved the report of a panel of state finance ministers on plugging tax evasion in pan masala…

Image for representation purpose only. | Photo Credit: R. RAGU The government has capped the maximum rate of GST compensation cess that would be levied on pan masala, cigarettes, and other forms of tobacco and linked the highest rate to…

The rate for tobacco has been fixed at Rs 4,170 per thousand sticks plus 290 per cent ad valorem or 100 per cent of the retail sale price per unit. (Representative image)The capping of the cess rate was brought in as part of the amendments…

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The ₹1,49,577 crore gross GST kitty collected in February marks the 12th successive month that monthly revenues have been over ₹1.4 lakh crore. File | Photo Credit: The Hindu India’s Goods and Services Tax (GST) revenues grew 12.4% in…