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Increase in prices of crude oil in international markets led to fuel price hike: Dharmendra Pradhan
News | Feb 23, 2021, 04:45 PM ISTOn increasing fuel prices in the country, Union Petroleum and Natural Gas Minister, Dharmendra Pradhan said that it has happened due to increase in prices of crude oil in international markets.
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GST officers bust network of 46 fake firms used to fraudulently claim Rs 82 crore input tax credit
Business | Feb 09, 2021, 08:10 PM ISTGST officers have busted a network of 46 fake firms which used to generate fake invoices and fraudulently avail input tax credit (ITC) worth Rs 82.23 crore, the finance ministry said on Tuesday.
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GST revenue at record high of Rs 1.20 lakh crore in January ahead of Union Budget
Business | Feb 01, 2021, 07:15 AM ISTThe ministry said in line with the trend of recovery in the GST revenues over past five months, the revenues for the month of January 2021 are 8 per cent higher than that in the same month last year.
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Mobile industry raises demand for GST rate cut in Budget
Business | Jan 24, 2021, 10:11 AM ISTIndustry body India Cellular and Electronics Association (ICEA) has renewed its demand for reducing Goods and Services Tax (GST) for the mobile industry ahead of the Union Budget to be presented on February 1.
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Rahul Gandhi assures revisiting GST when Congress is voted to power at Centre
National | Jan 23, 2021, 09:15 PM ISTCongress leader Rahul Gandhi on Saturday said the his party is committed to reconceptualising the Goods and Services Tax regime if voted to power at the Centre and assured ushering in a 'One tax, minimum tax.'
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Un-fried 'Fryums' not 'Papad', hence taxable at 18%
Business | Jan 18, 2021, 08:11 PM ISTWith this interpretation, papad cannot be equated with any other un-fried fryums and hence it is liable to pay 18 per cent GST, as against nil GST applicable for papad, the AAR has said.
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FinMin releases weekly instalment of Rs 6,000 cr to states to meet GST compensation shortfall
Business | Jan 18, 2021, 07:44 PM ISTThe Finance Ministry on Monday released the 12th instalment of Rs 6,000 crore to states to meet the GST compensation shortfall, taking the total amount released so far under this window to Rs 72,000 crore.
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Leaving your job without serving notice period? Be ready to pay 18% GST
Jobs | Jan 14, 2021, 01:23 PM ISTThere is an important update for salaried employees who are planning to leave their jobs without serving the stipulated notice period.
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11th instalment of Rs 6,000 crore for GST compensation shortfall released
Business | Jan 11, 2021, 10:44 PM ISTThe Union Finance Ministry has released the 11th weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall.
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GST authorities arrest 215 persons in fake invoice cases, recover over Rs 700 crore in 2 months
Business | Jan 10, 2021, 07:02 PM ISTGST intelligence authorities have registered about 2,200 cases and unearthed more than 6,600 fake GSTIN entities during this period, sources said.
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Another Rs 6,000 crore released to states to meet GST compensation shortfall
Business | Jan 04, 2021, 08:14 PM ISTThe Union Finance Ministry has released the 10th weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall.
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Massive crackdown on GST evaders: Govt takes action against 7000 entities; 5 CAs among 187 arrested
Business | Jan 03, 2021, 10:55 PM ISTIn a massive crackdown on GST evaders, the government has initiated action against 7,000 entities including the arrest of 187 -- a campaign that contributed to buoyancy in tax collection.
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GST officials detect over Rs 830 cr tax evasion by Delhi-based pan-masala manufacturing unit
Business | Jan 03, 2021, 02:32 PM ISTThe firm was evading the payment of Goods and Services Tax (GST) by manufacturing and clandestinely supplying gutkha/pan masala/tobacco products without any registration and payment of duty, it said.
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GST collections at all-time high of over Rs 1.15 lakh crore in December 2020
Business | Jan 01, 2021, 02:13 PM ISTGST collections touched a record high of over Rs 1.15 lakh crore in December, reflecting festive demand and reflating economy.
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Finance Ministry releases weekly instalment of Rs 6,000 crore to meet GST shortfall
Business | Dec 28, 2020, 08:17 PM ISTThe Ministry of Finance in a statement said it has released the ninth weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall.
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Traders urge Finance minister, GST council to modify new GST notification
Business | Dec 27, 2020, 08:42 PM ISTTrading community on Sunday urged Union Finance Minister Nirmala Sitharaman and Goods and Goods and Services Tax (GST) Council to withdraw certain provisions of the new GST notification issued a few days back.
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Mandatory 1% GST liability from January 1: Who all will have to pay? Here's your cheat sheet
Business | Dec 27, 2020, 10:59 PM ISTAbout 45,000 taxpayers, which equals to only 0.37 percent of the total businesses registered in the Goods and Services Tax System, will be required to fulfill the mandatory requirement of a 1% percent cash system of GST liability with effect from January 1.
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Mandatory 1% cash payment of GST liability from January 1, applicable to 45000 taxpayers
Business | Dec 26, 2020, 05:59 PM ISTThe mandatory requirement of 1 percent cash payment of GST liability with effect from January 1 would be applicable to about 45,000 taxpayers, which is only 0.37 per cent of the total businesses registered in the Goods and Services Tax system, Revenue Department sources said on Saturday.
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TOP 9: Half truth, Centre has done nothing to help Bengal farmers: Mamata Banerjee
News | Dec 26, 2020, 11:19 AM IST"The fact is that Modi Government has done nothing to help West Bengal. They are yet to release even a portion of the Rs 85,000 crore of outstanding dues that includes unpaid GST dues of Rs 8,000 crore," she added.
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Five CAs among 140 arrested by GST authorities for issuing fake invoices
India | Dec 13, 2020, 08:07 PM ISTGST authorities have arrested as many as 140 persons, including five chartered accountants, in about a month's time on charges of issuing fake invoices, and have now trained their guns on entities transporting under-valued goods.