Gst
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GST Council meet on Dec 31, rate rationalisation on agenda
Business | Dec 29, 2021, 08:44 PM ISTThe 46th GST Council meeting will be held on December 31 in Delhi, an official said, adding that it will be an extension to the pre-budget meeting with state finance ministers on December 30.
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'Rode a scooter, attended weddings wearing slippers': Neighbours describe 'simple man' Piyush Jain
India | Dec 28, 2021, 01:52 PM ISTA Kanpur court on Monday had sent businessman Piyush to 14 days of judicial custody after raids at his residence. Notably, the central agencies last week found out that the Kanpur-based perfume maker had hoarded nearly Rs 200 crore.
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Govt cuts GST rate to 5% from 18% on THIS product
Business | Dec 17, 2021, 12:16 AM ISTThe Central government on Thursday lowered GST rate to 5 per cent from 18 on ethanol meant for blending under the Ethanol Blended Petrol (EBP) programme.
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How much 'achche' has been PM Modi's 7-year rule for India? Mohandas Pai dissects
India | Dec 07, 2021, 05:51 PM ISTIn an exclusive interview withIndia TV, Mohandas Pai, former CFO and Board Member at Infosys, shares his point of view over economic and other policies of the Modi government.
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GST mop up in November at Rs 1.31 lakh crore, second highest since rollout
Business | Dec 01, 2021, 01:42 PM ISTThe GST revenues for the month of November 2021, are 25 per cent higher than November 2020, and 27 per cent higher over Nov 2019.
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Centre must release GST compensation for states to reduce VAT on fuel, says Sharad Pawar
India | Nov 05, 2021, 11:32 PM ISTIn a statement, Sharad Pawar said, "If the Centre disburses the GST compensation to all the states, then it is possible for the state governments to reduce the VAT on petrol and diesel and implement other welfare schemes."
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GST collection surges to Rs 1.3L Cr in October, second highest figure for any month so far
Business | Nov 01, 2021, 03:53 PM ISTCGST refers to Central Goods and Services Tax, SGST (State Goods and Service Tax), and IGST (Integrated Goods and Services Tax).
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Finance Ministry releases Rs 44,000 Cr today to States, UTs with legislature to compensate for GST
Business | Oct 28, 2021, 07:12 PM ISTThe total amount to Rs 1.59 lakh crore was released to states and UTs this fiscal.
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GST collection tops Rs 1 lakh crore for third straight month
Business | Oct 01, 2021, 12:38 PM ISTGST collection remained above the Rs 1-lakh-crore mark for third straight month in September at over Rs 1.17 lakh crore.
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Life-saving drugs get cheaper as FM Sitharaman announces GST exemptions
Business | Sep 17, 2021, 10:09 PM ISTLife saving drugs got cheaper as Union Finance Minister Nirmala Sitharaman's announced a slew of GST exemptions on Friday. The decision came after a crucial meeting of the GST Council.
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Petrol, diesel under GST? Decision on Friday
Business | Sep 14, 2021, 05:47 PM ISTThe GST Council might on Friday consider taxing petrol, diesel and other petroleum products under the single national GST regime, a move that may require huge compromises by both central and state governments on the revenues they collect from taxing these products.
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GST mop up tops Rs 1 lakh crore for second straight month in August
Business | Sep 01, 2021, 04:50 PM ISTSignalling accelerating economic activity, GST collection topped the Rs 1-lakh-crore mark for the second straight month in August at Rs 1.12 lakh crore.
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GST collection in August above Rs 1.12 lakh crore: Finance Ministry
Business | Sep 01, 2021, 02:21 PM ISTGoods and Services Tax (GST) collection in August at over Rs 1.12 lakh crore: Finance Ministry.
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No GST on canteen charges recovered from employees: AAR
Business | Aug 22, 2021, 11:29 AM ISTTata Motors had approached the Gujarat bench of Authority for Advance Ruling (AAR) seeking a ruling on whether Goods and Services Tax (GST) is applicable on the nominal amount recovered by it from employees for the usage of canteen facility.
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Gift, cash-back vouchers taxable as goods, to be liable for 18% GST: AAR
Business | Aug 09, 2021, 06:45 PM ISTPassing the ruling, the AAR said the supply of vouchers are taxable as goods and will attract an 18 per cent goods and services tax.
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GST revenue collection for July at over Rs 1.16 lakh crore
Business | Aug 01, 2021, 02:25 PM ISTOut of the total revenue collected CGST was Rs 22,197 cr, SGST was Rs 28,541 cr, IGST was Rs 57,864 cr- including Rs 27,900 cr collected on import of goods- and Cess was Rs 7,790 cr- including Rs 815 cr collected on import of goods.
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How e-invoice can help manage businesses remotely
Business | Jul 23, 2021, 02:37 PM ISTE-invoice is an electronic authentication technique under the GST framework.
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Big Relief! GST to be paid only on profit earned on resale of second-hand jewellery, AAR clariifes
Business | Jul 18, 2021, 02:08 PM ISTThe Karnataka bench of the AAR observed that GST is payable only on the margin between the sale price and the purchase price
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GST officers busts network of 23 firms for fraudulently claiming Rs 91 cr ITC
Business | Jul 11, 2021, 01:33 PM ISTThe firms involved in this network are M/s Girdhar Enterprises, M/s Arun Sales, M/s Akshay Traders, M/s Shree Padmavati Enterprises and 19 others.
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Bring petrol under GST regime, FKCCI appeals to Finance Minister Nirmala Sitharaman
Business | Jul 03, 2021, 09:32 AM ISTThe members of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) appealed to Nirmala Sitharaman to bring petrol and diesel under the GST regime.