Finance Ministry

Delhi/Hyderabad, April 1 (Maxim News): The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from today, April 1, 2024,  the Finance Ministry said on Sunday in a post on X.

The finance ministry has notified uniform 12 percent GST rate on manmade fibre (MMF), yarn, fabrics and apparel, thereby addressing the inverted tax structure in the MMF textile value chain. Currently, tax rate on MMF, MMF yarn and MMF…

Finance ministry has released the seventh weekly installment of Rs 6,000 crore to the States to meet the GST compensation shortfall.

Hyderabad, Nov.8 (Maxim News): Confederation of Indian Industry (CII) has written to the finance ministry urging the government to explore an Emergency Loan Credit Guarantee Scheme (ECLGS) to support the resource starved stressed sectors.