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Delhi minister Atishi today said that the linking of Goods and Services Tax (GST) with the Enforcement Directorate (ED), could lead to the arrest of even those traders who pay tax.
GST is levied on the supply of goods and services. GST acts as a single domestic indirect tax law for the entire country. History of GST: The GST Act was approved in Parliament on March 29, 2017.
The indirect taxes, such as VAT, service tax, sales tax, and others that were mandatory earlier, have now been abolished. GST truly goes by its slogan, “One Nation, One Tax, One Market.” Pros: ...
Compensation cess - introduced in 2017 - is an additional tax on select goods and services over and above the GST. NDTV News Desk India News Jul 02, 2025 18:26 pm IST Read Time: 4 mins New Delhi: ...
The Goods and Services Tax (GST) Council is set to meet soon to conduct a comprehensive review, with key focus areas including reducing tax rates on consumer-facing items currently in the 12% ...
The National Assembly (NA) yesterday adopted the Goods and Services Tax (Amendment) Bill, reducing the applicable GST rate to 5 percent for taxable goods and services, as proposed by the Economic and ...