gst council

28% Levy On Full Face Value Of Bets Valid: Court

A recent surge in gold import duty has fueled a wave of smuggling, with illicit gold now available at discounts of up to Rs 10 lakh per kilogram. This creates a significant price disparity with legally imported bullion, mirroring trends seen after a similar duty hike in 2013. Industry experts warn of escalating unofficial imports.

The Indian Navy has opened applications for Agniveer (Apprentice) recruitment 2026, targeting diploma holders in engineering and electrical fields. The online application window is open from June 5 to June 29, 2026. Candidates will undergo an entrance test in August, followed by physical and medical evaluations. Selected individuals will receive a competitive salary and benefits.

India has appointed economist Neelkanth Mishra as its new Executive Director at the World Bank. He will represent India, Bangladesh, Bhutan, and Sri Lanka. Mishra's expertise in finance and policy will shape global development discussions. This appointment highlights the growing role of Indian professionals in international institutions. His tenure begins soon, succeeding Parameswaran Iyer.

Rajya Sabha MP Sasmit Patra has urged Union Finance Minister Nirmala Sitharaman to include petrol and diesel under the GST framework at the next gst council meeting. Citing rising fuel costs and inflationary pressures, Patra highlighted the constitutional provision for GST inclusion and the price disparities caused by varying state VAT rates.

India's gold demand has plummeted by nearly 70% following a government increase in import duty from 6% to 15%. This, coupled with rising fuel and food prices, has significantly dampened consumer sentiment and spending on discretionary items like gold.

As India opens its markets through FTAs, domestic cost structures, especially those linked to GST credit accumulation, become even more critical to ensure a level playing field.

Improved Infrastructure, GST Changes Shift Trade From Mumbai

Global oil prices are beyond India’s control but a tangle of govt interventions that have left Indian aviation structurally fragile. These demand correction.

Prime Minister Narendra Modi's appeal to curb non-essential gold purchases has raised concerns within Odisha's jewellery industry. Jewellers argue gold is integral to traditions, and a slowdown threatens the livelihoods of artisans and goldsmiths who depend on steady demand, especially during wedding and festival seasons.

Facing a widening trade deficit, India's Prime Minister urges reduced gold purchases. Industry bodies propose tapping into the nation's vast household gold reserves. Their plan involves using refined household gold for domestic demand and channeling imported gold into jewellery exports via gold metal loans, aiming to boost working capital and cut imports.

'Physical Delivery Of Commodities Needs GST Tweaks'

Mahanadi Coalfields Limited is hiring 500 people for Foreman and Technician roles. Applications open on May 7, 2026, and close on May 28, 2026. The selection is through a Computer Based Test. Interested candidates can apply online on the official MCL website. This is a great opportunity for aspiring professionals in the coal sector.

Chartered accountants from WIRC met Maharashtra's Co-operative Commissioner to advocate for audit reforms, extended timelines for auditor empanelment, and a revision of audit fees. They also requested formal inclusion in drafting the new co-operative policy, emphasizing the need for updated remuneration reflecting increased compliance and accountability over the past decade.

The gst council is being chaired by union finance minister Nirmala Sitharaman in Chandigarh today. The 2-day meeting, which begun today, is also being attended by the finance ministers of states and union territories and senior officers from the union government and states.

The gst council in its two-day meeting starting Tuesday is slated to discuss an array of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks in some items and relaxed registration norms for small online suppliers.

The 40th GST (goods and services tax) council meeting is scheduled to be held on Friday. Union finance minister Nirmala Sitharaman may consider downward revision of late fees for not filed old returns, news agency ANI reported quoting sources.

The report of panel of ministers on Goods and Services Tax (GST) on online gaming and casinos may not come up for deliberation at the February 18 meeting of the gst council, chaired by Union finance minister Nirmala Sitharaman and comprising her state counterparts.