Gst
-
Sitharaman seeks tax experts' inputs to correct GST flaws
Business | Oct 11, 2019, 10:50 PM ISTConceding that GST may have some flaws in its present form, finance minister Nirmala Sitharaman on Friday asked tax professionals not to curse it and sought their help to make it better.
-
Reconsider 18 pc GST on group medical insurance for bank retirees
Business | Oct 11, 2019, 05:32 PM ISTCPI general secretary D Raja on Friday wrote to Finance Minister Nirmala Sitharaman urging her to reconsider the 18 per cent GST on the annual Group Health Insurance Policy of retired bank employees.
-
Two cheat govt of Rs 700-crore through fake GST invoices; held
India | Oct 06, 2019, 11:52 PM ISTThe preventive wing of the Central Goods and Services Tax (CGST), Pune, claimed that two city-based firms allegedly indulging in this malpractice were busted.
-
Officials detect Rs 1.5 cr GST evasion by Kanpur's pan masala company
India | Sep 28, 2019, 08:33 PM ISTA GST evasion to the tune of Rs 1.5 crore by a Kanpur-based pan masala company, A J Sugandhi Pvt Ltd, was detected by officials during search operations.
-
Aadhaar may be made 'mandatory' for claiming GST refunds: Sitharaman
Business | Sep 20, 2019, 11:39 PM ISTThe Goods and Services Tax Council chaired by Union Finance Minister Nirmala Sitharaman on Friday took an in-principle decision to link Aadhaar with registration of taxpayers under the GST and examine the possibility of making Aadhaar mandatory for claiming refunds.
-
Highlights of announcements on corporate tax and fiscal measures
Business | Sep 20, 2019, 01:01 PM ISTThe Finance Minister Nirmala Sitharaman had addressed a press conference in Panaji, Goa. The Finance Minister and several State Finance Ministers have gathered in Panaji to take part in the Goods and Services Tax Council Meet.
-
Finance Ministry proposes to expand CSR fund expenditure
Business | Sep 20, 2019, 01:08 PM ISTThe government has decided to expand the scope of expenditure of profits by 2 per cent on Corporate Social Responsibility (CSR) on Friday. This will allow easy expense on incubators or research grants to various institutes which are engaged in promoting scientific research.
-
Tata Motors expects positive outcome from GST Council meeting Friday
Business | Sep 19, 2019, 06:20 PM ISTThe automobile industry, which saw the steepest volume plunge in August in nearly two decades, has long been demanding lowering of GST on automobiles to 18 percent from the present 28 percent to boost demand.
-
Hero MotoCorp urges government for phased GST reduction
Business | Sep 19, 2019, 11:48 AM ISTHero MotoCorp on Thursday urged the government to consider a phase-wise reduction in GST on automobiles, cutting rates for two-wheelers in the first stage and deferring tax cut on four-wheelers to a later stage.
-
Alert! Aadhaar to be mandatory for these people from January
Business | Sep 16, 2019, 10:00 PM ISTAadhaar user alert: The authentication or physical verification of the unique identification number (Aadhaar) has been made mandatory for new dealers to curb malpractices in paying Goods and Services Tax. According to reports, the GST Network on Saturday decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2020 to check malpractices in Goods and Services Tax.
-
GST: Aadhaar verification to be mandatory for new dealers from January 2020
Business | Sep 14, 2019, 05:27 PM ISTThe GSTN also decided the much simplified new return system may be launched on January 1, 2020, the Bihar Deputy chief minister said.
-
DRI-DGGI carry out biggest-ever joint operation against GST violators at 336 locations
Business | Sep 12, 2019, 07:18 PM ISTThis was the biggest-ever joint operation by the two premier intelligence agencies of the Central Board of Indirect Taxes and Customs (CBIC), officials said.
-
Ball in Finance Minister's court over GST rate cut for automobiles: Nitin Gadkari
India | Sep 11, 2019, 07:56 PM ISTThe Road Transport and Highways Minister also said a scrappage policy, which also includes two-wheelers, is in the works and will be launched soon.
-
Auto players should also take up GST rate cut demand with state FMs: MoS Finance Anurag Thakur
Business | Sep 06, 2019, 02:17 PM ISTAmid clamour from the auto industry for a GST rate cut, Minister of State for Finance Anurag Thakur on Friday asked players in the sector to also take up the matter with state finance ministers who are part of the GST Council, and assured all support from the Centre.
-
GST refund: Tax body asks officers to speed up things
Business | Sep 02, 2019, 04:39 PM IST"We must endeavour to make this refund drive a grand success," CBIC Chairman Pranab K. Das wrote to tax officers across the country.
-
GST collections drop below Rs 1 lakh crore to Rs 98,202 crore in August
Business | Sep 01, 2019, 05:39 PM ISTGross revenue collections from the Goods and Services Tax (GST) in July stood at Rs 1.02 lakh crore.
-
Surat diamond industry fears 2nd recession in a decade
Business | Aug 29, 2019, 12:06 PM ISTWith two children and his wife to support, the 35-year-old diamond artisan is clueless about his sustenance and has been on a job search for two months. He lost his job after serving for six years at a diamond factory, which now he doesn't want to name, saying it will bring bad luck.
-
Maharashtra: Businessman held for Rs 24.55 crore tax fraud
India | Aug 28, 2019, 12:38 PM ISTHe allegedly availed wrong Input Tax Credit of Rs 24.55 crore on the basis of bogus invoices for Rs 136.38 crore without the actual supply of goods, the official said.
-
More time to file GST returns, November 30 is the last date now
Business | Aug 26, 2019, 09:44 PM ISTGSTR 9 is an annual return to be filed yearly by taxpayers registered under the Goods and Services Tax (GST). It consists of details regarding the outward and inward supplies made or received under different tax heads.
-
GST Council cuts tax rate on electrical vehicles, chargers to 5 per cent
Business | Jul 27, 2019, 01:42 PM ISTGST Council meet concluded on Saturday with a decision to reduce GST rates on electric vehicles and charges. The GST Council has decided to reduce GST rate on electrical vehicles from 12 per cent to 5 per cent. The council has also approved an exemption from GST on hiring of electric buses by the local authorities.