Economy and Finance

The site, launched right after the announcement of the GST Council’s latest reforms, is being pitched as a tool to make tax savings more transparent and relatable for ordinary citizens.

The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification on the revised Goods and Services Tax (GST) applicable to popcorn, refuting reports that sugar-coated or caramel popcorns would be taxed at 18% under revised rates

The GST Council has reduced tax rates on key electronics, including TVs above 32 inches, ACs, dishwashers, and monitors, from 28% to 18%.

Luxury cars fall in the category of 'sin goods' under the new GST reforms. Sin goods have historically been heavily taxed by the government.

The GST council rolled out these revised tax rates on 3rd September. These reduced rates, however, will not be applicable to road tractors for semi-trailers with an engine capacity of more than 1800 cc.

The GST Council has removed tax on essential stationery items like pencils, erasers, notebooks, maps, and globes. Earlier taxed at 12% or 5%, these items will now be completely tax-free.

Union Minister of Electronics and Information Technology Ashwini Vaishnaw on Saturday inaugurated India’s first Tempered Glass Manufacturing Facility for Mobile Devices at Noida

Apparently, Trump ‘dead economy’ jab is as rooted in reality as his claims of ending Russia-Ukraine war within 24 hours of becoming President.

Countries, including Japan, Australia, Taiwan, and India, have suspended parcel shipments to the US after President Trump scrapped the “de minimis” rule, which allowed goods under $800 duty-free entry.

Last decade has seen the ‘double engine government’ of NDA, in Assam and the Centre, lead to an unprecedented development for the region.