Gst
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GST collections top Rs one lakh crore in January
Business | Jan 31, 2019, 08:54 PM ISTGST collections in January crossed Rs 1 lakh crore-mark after a gap of 2 months, the Finance Ministry said on Thursday.
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Tax officials may examine high usage of ITC to set off GST liability
Business | Jan 27, 2019, 12:42 PM ISTThe issue of high ITC was flagged at the meeting of the Group of Ministers (GoM) which was set up by the GST Council to look into the reasons for revenue shortfall being faced by a large number of states.
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Union Cabinet clears setting up of national bench of GST appellate tribunal
India | Jan 23, 2019, 06:02 PM ISTUnion minister Ravi Shankar Prasad said the national bench of the GST Appellate Tribunal will expedite resolution of disputes under GST laws.
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Union Budget 2019: Must know terminologies
Business | Jan 25, 2019, 04:25 PM ISTModi government is set to come out with its final Union Budget before the Lok Sabha polls later this year. But before the Union Budget is presented on February 1, the Ministry of Finance has issued a series “Know Your Budget” to clear the confusion around financial terms which leave many baffled. Here are some key terminologies of the Union Budget:
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3.3% fiscal deficit target for 2018-19 likely to be breached, say experts
Business | Jan 13, 2019, 04:23 PM ISTMeeting the fiscal deficit target of 3.3 per cent of GDP for the current fiscal could be a challenge for the government, given the shortfall in GST collections, rising expenditure and slowing factory output, say experts.
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Something for everyone: Modi govt's bouquet of poll promises for 'lower middle class'
Jan 12, 2019, 09:14 AM ISTThe move is expected to make a dent In the coffers of the government even as the ruling dispensation is trying to stick to a decade-low fiscal deficit target of 3.3 percent of the gross domestic product.
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Committed to simple, people-friendly GST: PM Modi
Business | Jan 11, 2019, 11:50 AM ISTWhile a regular GST taxpayer has to pay taxes on a monthly basis, a composition supplier is required to pay taxes quarterly.
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Government mops up Rs 6.12 lakh crore indirect taxes in Apr-Nov, target for FY'19 at Rs 11.16 lakh crore
Business | Jan 04, 2019, 07:26 PM ISTThe government is targeting to mop up Rs 11.16 lakh crore as indirect tax collection from levy of Central and Integrated GST and compensation cess in 2018-19, Parliament was informed on Friday.
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GST collection drops to Rs 94,726 crore in December
Business | Jan 01, 2019, 09:47 PM ISTThe finance ministry in a statement said of the Rs 94,726 crore collected, Central GST (CGST) collection was Rs 16,442 crore, State GST (SGST) was Rs 22,459 crore, Integrated GST (IGST) was Rs 47,936 crore and Cess was Rs 7,888 crore.
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PM Modi's interview on GST: 'Is Rahul Gandhi 'abusing' Congress leaders by slamming GST?'
India | Jan 01, 2019, 11:44 PM ISTIn an interview to ANI, Modi emphasised that GST is a new system that is bringing about a "big transformation" and is driven technologically.
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New GST rates: 23 goods and services to get cheaper from today
Business | Jan 01, 2019, 06:58 AM ISTOn December 22, on 23 goods and services, the GST Council decided to cut tax rates. These include movie tickets, TV and monitor screens and power banks and exempted frozen and preserved vegetables from the levy.
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Revised GST rates to kick in from today: Check list of 23 goods and services getting cheaper
Business | Jan 01, 2019, 12:01 AM ISTIn a new year gift to the common man, the government has notified reduction in GST rates on 23 goods and services, including movie tickets, TV and monitor screen.
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Telugu superstar Mahesh Babu’s bank accounts seized over tax dues
Regional Cinema | Dec 28, 2018, 09:02 AM ISTMahesh Babu has skipped the Service tax during 2007-08 for the taxable services he has offered as the brand ambassador, appearance money and advertising during this tenure.
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Chidambaram targets Modi govt, raises questions over change in 'declared goals' of GST regime
India | Dec 26, 2018, 09:52 AM ISTShooting a series of tweets, Chidambaram said: "Until yesterday a single standard rate of GST was a stupid idea. Since yesterday, it is the declared goal of the government!"
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GST leaving adverse effect on tourism in Jammu and Kashmir: Parliamentary panel
India | Dec 24, 2018, 05:33 PM ISTThe Goods and Services Tax has had a "negative" effect on tourism in Jammu and Kashmir, a parliamentary panel has noted, adding the Centre should reconsider the indirect tax regime on tourism-related activities in the northern state.
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GST standard rate to be fixed between 12-18 pc as revenues increase: Arun Jaitley
India | Dec 24, 2018, 03:03 PM ISTMaking it clear that only auto parts and cement are items of common use which remain in 28 per cent slab, Jaitley said the next priority will be to transfer cement into a lower slab.
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Movie tickets, TV sets to get cheaper as GST Council cuts rate on 40 products
News | Dec 23, 2018, 07:20 AM ISTMovie tickets, TV sets to get cheaper as GST Council cuts rate on 40 products
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Modi government forced to slash GST rates after defeat in 3 states: Rahul Gandhi
India | Dec 23, 2018, 12:00 AM ISTThe Congress president also alleged that PM Modi broke the back of small and medium businessmen through “Gabbar Singh Tax”, a metaphor the Congress president has been using for GST.
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Movie tickets, TV sets to get cheaper as GST Council cuts rate on 40 products; new rates effective from Jan 1, 2019
Business | Dec 22, 2018, 11:52 PM ISTThe annual revenue implication of the rate cuts would be Rs 5,500 crore, Finance Minister Arun Jaitley said.
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Opposition-ruled states oppose rate cuts citing revenue consideration
India | Dec 22, 2018, 10:33 PM ISTChattisgarh and Rajasthan, where the Congress came to power earlier this month, sent only officers to attend the GST Council meeting, Madhya Pradesh did not send any representative, PTI reported quoting sources.