
The current GST regime follows a four-tier structure that exempts or imposes a low rate of tax 5% on essential items

Finance minister Nirmala Sitharaman expresses confidence that prices of pulses and edible oil will cool down soon

NPPA noted that a change in tax rates has an impact on the fixation of maximum retail prices of various drugs and formulations

The latest revenue numbers hold promise — for the fiscal health of the states and the Centre — for welfare spending and most importantly, for the