Business

Sanitary napkin exempted from GST

New Delhi : Delhi Deputy Chief Minister Manish Sisodia on Saturday said sanitary napkin has been exempted from the Goods and Services Tax (GST).
Speaking to reporters on the sidelines of the ongoing 28th GST Council meeting in the capital, Sisodia who also handles the Finance portfolio, said many items under the 28 percent slab have been brought down.
"I think the 28 percent tax slab should be done away with. The issue is being unnecessarily dragged," he added.
In terms of tax returns, Sisodia said quarterly returns for traders having turnover up to Rs 5 crore has been approved by the GST Council.
However, no decision has been taken yet on sugar cess, he added.
The plea to exempt sanitary napkin from GST has been going on for a long time.
In January this year, a group of students from Gwalior had launched a campaign by writing messages on sanitary napkins to Prime Minister Narendra Modi, urging him to exempt the taxes levied on the product and make it free of cost. 

Foreign Portfolio Investors outflow so far crosses Rs 4,000 cr in January

Foreign investors have pulled out more than Rs 4,000 crore from the Indian capital markets so far in January, highlighting their cautious stance towar...

Budget expectation, Q3 results to guide Indian equities; volatile in crude oil to affect rupee

The course of markets in the weeks to come will be determined by the ongoing third quarter earning results, budget expectations, developments in the U...

HDFC Bank third quarter net profit rises 20 per cent to Rs 5,586 crore

Private lender HDFC Bank on Saturday reported a 20.3 per cent growth in net profit to Rs 5,585.9 crore for the third quarter ended December 31, mainly...

Rupee settles 16 paise down at 71.19 vs USD; registers second weekly loss

The rupee on Friday weakened by 16 paise to close at 71.19 against the US dollar amid rise in demand for the greenback from exporters and unabated inc...