Finance Ministry

Finance Ministry releases over seven thousand crore rupees to 14 States

New Delhi: Finance Ministry released the second monthly installment of the Post Devolution Revenue Deficit grant of over seven thousand crore rupees to 14 States. With this release, the total […]

GST collection in December 2021 registers 13 percent growth

New Delhi: Goods and Services Tax (GST) revenue collected in December 2021 was over 1.29 lakh crore. The revenues for the month of December 2021 are 13% higher than the […]

Evolving taxation: Weighted GST rate declines to 11.6% since inception

New Delhi: The Goods and Services Tax (GST), often hailed as the “biggest tax reform” in India, has evolved over the years, and the weighted rate of GST has declined in […]

Finance Ministry for salary regulation of retired officials working on contract

New Delhi, The Department of Expenditure, under the Finance Ministry, has come up with draft guidelines for regulation of salaries of retired Central government employees, appointed on contract or as […]

Govt releases Rs 29k cr to states to help clear dues under MGNREGA

New Delhi:  The government has released Rs 28,729 crore to the states to liquidate pending dues of both wage and material under MGNREGA as part of the Pradhan Mantri Garib […]

No GST exemption to help businesses fight Covid-19 disruptions

New Delhi: The Finance Ministry has ruled out GST waiver or deference to businesses as part of the economic relief package to help them cope with the situation arising in the […]
Govt releases Rs 36,400 cr as GST compensation to states for Covid-19 expenditure

ITR forms being revised for benefits of timeline extension

New Delhi: The Finance Ministry on Sunday said that the Central Board of Direct Taxes (CBDT) is revising the income tax return (ITR) forms for FY 2019-20 (Assessment Year 2020-21) […]
Budget may incentivise your post retirement savings plan

Budget may incentivise your post retirement savings plan

New Delhi, Jan 2: Salaried taxpayers may get special attention in Budget 2020-21 as the Finance Ministry is looking into a proposal that would double the limit of tax free contribution […]