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After unearthing a rampant fake invoicing scam to evade goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) amended rules making it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in cash from January 1. (ANI File)

5 per cent GST rate may give way for 3%, 8% slabs

Every 1% increase in 5% slab, which mainly includes packaged food items, would roughly yield an additional revenue of...

17 April 2022 9:52 PM IST

Urjit Patel to head RBI

Urjit Patel needs fine balancing act between inflation and economic...

On the inflation front, Dr Patel may not have the luxury of cheap oil that Dr Rajan had.

21 Aug 2016 1:03 AM IST