A summary of a Lok Sabha response detailing India’s tax revenue loss from exemptions and incentives for corporate and individual taxpayers from FY 2019 to 2024.
Finance Ministry confirmed in the Lok Sabha that a GST rate of 18% is applicable on User Development Fees collected by airline operators on behalf of airports.
In a Lok Sabha response, the government clarified that GST raids are intelligence-based and state-specific, with no central record of raid numbers or directives on raid quotas.
The government confirms GST on flex-fuel vehicles remains at 28%, but the Ministry of Road Transport & Highways has asked states to consider reducing road tax.
In a Lok Sabha response, the government clarified its stance on VDAs, stating no plans to revise crypto taxes or launch ETFs, while outlining existing regulations and investor warnings.
Finance Minister clarifies GST rules on apartment maintenance charges, explaining the exemption limit, who is responsible for compliance, and the rationale behind the tax rate.
A new digital credit model for MSMEs leverages data from sources like GST and ITRs for faster loan approvals, reducing paperwork and processing time.
An overview of the Manipur GST (Amendment) Bill, 2025, which updates the state’s tax laws to align with central GST amendments.
