Will GST Council cut taxes on insurance premium?

The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent from the current 18 per cent. Illustration: Dominic Xavier/Rediff.com The GST Council, in......

Good news for RIL, ONGC as govt scraps windfall tax

The government on Monday scrapped 30-month old windfall profit tax on domestically-produced crude oil and on export of jet fuel (ATF), diesel and petrol following a decline in international oil......

GST@7: Challenges But Collections Surge

Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.......

Why Petroleum Products Are Not Under GST

Adding petrol and diesel to GST was a challenging task due to their significant role as revenue generators for both the central and state governments. Photograph: Francis Mascarenhas/Reuters......