Gst
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GST officers process 10,077 new registrations, 7,876 refund applications in 10 days of lockdown
Business | Apr 05, 2020, 12:39 PM ISTGST Network on Sunday said tax officers have processed over 10,000 new registrations and about 8,000 refund applications in the first 10 days of lockdown till April 3, working through Virtual Private Network (VPN).
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GST hike to derail mobile industry, lead to job losses: ICEA
Business | Mar 15, 2020, 09:01 PM ISTIncreasing GST on mobile phones to 18 per cent from 12 per cent at the time of economic slowdown coupled with coronavirus outbreak will derail the industry and lead to job losses, industry body ICEA said on Sunday.
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GST on mobile phones raises from 12% to 18%: Here's what it means
Technology | Mar 14, 2020, 07:30 PM ISTGoods and Services Tax (GST) hiked from 12 percent to 18 percent on mobile phones. Here's what you need to know
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Mobiles phones to get expensive as govt increases GST to 18%
Business | Mar 14, 2020, 07:53 PM ISTThe Goods and Services Tax (GST) on mobile phones has been increased from 12 per cent to 18 percent. This change in tax slab will have a direct impact on the pricing of the mobile phones in India.
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Mobile phones, man-made clothes likely to go costly as govt mulls 18% GST
Business | Mar 12, 2020, 05:53 PM ISTGST rates on mobile phones, fertilisers, man-made fabrics and garments are likely to be hiked to 18 per cent in the next GST Council meeting on March 14.
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GST on cellphones, footwear, textiles to be rationalised on March 14
Business | Mar 11, 2020, 08:39 PM ISTThe GST Council is likely to rationalise tax rates on five sectors, including mobile phones, footwear and textiles, and defer implementation of the new return filing system and e-invoicing in its meeting on March 14.
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Karnataka facing unprecedented magnitude of economic
India | Mar 05, 2020, 04:05 PM ISTKarnataka is facing unprecedented economic difficulties following a Rs 8,887 crore reduction in the state's share in central taxes, cut in allocation under 15th finance commission and a Rs 3,000 crore hit in GST compensation, Chief Minister B S Yediyurappa indicated on Thursday.
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GST collections at Rs 1.05 lakh cr in Feb
Business | Mar 01, 2020, 07:48 PM ISTThe government has collected Rs 1.05 lakh crore as GST revenue in February, up 8 per cent over the same month last year.
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Monthly GST lottery offer for B2C invoices to start from Apr 1
Business | Mar 01, 2020, 02:55 PM ISTThe government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by conducting lucky draws every month for invoices of all business to customer (B2C) transactions.
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Bring in more efficient, adaptive tech to further smoothen working of PFMS: FM
Business | Mar 01, 2020, 02:33 PM ISTFinance Minister Nirmala Sitharaman on Sunday asked civil accounts officers to focus on bringing in more efficient and adaptive technologies to further smoothen the working of the Public Financial Management System (PFMS).
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Central govt releases Rs 19,950 cr GST compensation to states
Business | Feb 20, 2020, 09:48 PM ISTThe central government has released Rs 19,950 crore as GST compensation to states, taking the total amount released to them to over Rs 1.2 lakh crore. In a statement, the finance ministry said Rs 19,950 crore was released to states and union territories on last Monday.
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GST Bhavan staffer who saved tricolour from fire felicitated by Maharashtra CM
India | Feb 20, 2020, 12:05 AM ISTKunal Jadhav, an employee of the GST Bhavan here, showed immense courage and patriotism when he climbed nine floors of the fire-hit building on Monday to save the national tricolour from being burnt.
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About 92% of large taxpayers filed annual returns for 2017-18: GSTN
Business | Feb 16, 2020, 03:51 PM ISTThe GST Network on Sunday said around 92 per cent of large taxpayers with turnover of over Rs 2 crore have filed annual returns for 2017-18 fiscal.
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GST compensation fund likely to fall short by Rs 25,000 cr in current fiscal: Icra
Business | Feb 07, 2020, 05:12 PM ISTPegging the unpaid GST compensation to the states at Rs 60,000-70,000 crore for the October 2019-January 2020 period, rating agency Icra has said the GST compensation fund may see a shortfall of Rs 15,000-25,000 crore for 2019-20
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'What CBI did is right': Sisodia on his OSD being arrested on bribery charges
India | Feb 07, 2020, 10:41 AM ISTDelhi deputy chief minister Manish Sisodia on the arrest of Officer on Special Duty to him on bribery charges said that what CBI did is right and strictest action should be taken against the officer to set an example.
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Jharkhand bear more loss after implementation of GST: CM Hemant Soren
Politics | Feb 05, 2020, 04:39 PM ISTSpeaking at the event in Jharkhand's Dhanbad, Chief Minister Hemant Soren on Tuesday said that after the implementation of Goods and Services Tax (GST) in India, Jharkhand bear the loss most.
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Government nets Rs 1.1 lakh crore from GST in Jan
Business | Feb 01, 2020, 11:01 AM ISTThis is second time since introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore. The GST collection is in line with the target set by Revenue Secretary Ajay Bhushan Pandey after a high-level meeting with senior tax officials earlier this month.
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GST collection crosses Rs 1.1 lakh crore in January
Business | Jan 31, 2020, 11:31 PM ISTGST collections have crossed the Rs 1 lakh crore mark for the third month in a row in January with improved compliance and plugging of evasion, sources said on Friday.
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Reduce GST on bicycles to 5 percent from current 12%: Hero Cycles
Business | Jan 27, 2020, 07:03 PM ISTLeading bicycle maker Hero Cycles on Monday urged the government to reduce GST on bicycles from 12 per cent to 5 per cent ahead of the Union Budget to revive demand in the rural markets.
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Budget 2020 Date, Time, Schedule: Key things you must know before Feb 1
Business | Jan 27, 2020, 11:56 PM ISTUnion Budget 2020: The Modi government is due to present the Union Budget for FY in Parliament on February 1. As the countdown for the Union Budget 2020 has begun, all eyes are set on what measures will be announced by the Finance Minister Nirmala Sitharaman.