The GST Council prepares to deliberate decriminalization of select tax infractions at its upcoming meeting to encourage trade compliance.
Tag: Finance Ministry
Government orders public banks to remain operational on Sunday ahead of 3-day nationwide strike
The Finance Ministry directed PSU and Regional Rural Banks to open on September 27 to process public transactions before the United Forum of Bank Unions strike.
Fact Check: Finance Ministry refutes reports claiming UPI transactions will face direct consumer fees
Official clarifications confirmed the 18% GST applies only on commercial merchant discount rates, not peer-to-peer user payments.
Finance Ministry sources confirm 18% GST on UPI Merchant Discount Rate is eligible for input credit
Tax authorities clarified that merchant discount charges qualify for full input tax offset to protect business margins.
GST collection growth slowest in 6 months at 3.2%
Tax collection growth moderated in May due to a slight slowdown in consumption.
Finance Minister Nirmala Sitharaman Slams Fearmongering About India’s Economic Progress
Union Finance Minister Nirmala Sitharaman strongly criticised what she called deliberate fearmongering and pessimism about India’s economic trajectory and growth story.
Finance Ministry Clarifies Viral Social Media Posts About Temple Gold Are Based on Misreading of Existing Schemes
The confusion was traced to now-discontinued Sovereign Gold Bond scheme and unrelated temple gold controversies.
Finance Ministry Appeals to Citizens Not to Share Unverified Financial Policy Claims Without Verification
Officials warned that circulation of false government scheme information creates public confusion and speculation.