Gst
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GST collections rise 6.5 per cent to Rs 1.73 lakh crore in September
Business | Oct 01, 2024, 07:31 PM ISTLast month, domestic revenue grew 5.9 per cent to about Rs 1.27 lakh crore. Revenue from import of goods was up 8 per cent to Rs 45,390 crore.
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Fake registration drive: Tax authorities uncover over 10,000 bogus firms under GST across country
Business | Sep 24, 2024, 02:28 PM ISTAn amount of Rs 24,010 crore of suspected tax evasion was detected during the first special drive last year. The second all-India drive against fake registration began on August 16 and will continue till October 15.
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GST fraud case: ACB arrests two more in refunds case linked to 500 non-existent firms
India | Sep 19, 2024, 11:40 PM ISTIn 2021, it was found that fraudulent GST refunds were approved by the GST officer without verification of input tax credit and around 500 non-existent firms were doing business activities just to claim bogus GST refunds.
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What GST Council has decided on demands of tax cuts in health insurance premiums | Details
Business | Sep 09, 2024, 08:36 PM ISTThere has been a widespread demand to remove the 18 per cent GST on health insurance premiums so that the extra burden is not imposed on the insured, thereby increasing the ambit of coverage.
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GST Council Meeting: Sitharaman announces key decisions; 'New GoM on medical health insurance'
Business | Sep 09, 2024, 08:15 PM ISTThe Fitment Committee, comprising the Centre and state tax officials, on Monday presented a report giving data and analysis and implications of GST reduction on life, health and reinsurance premiums.
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No tax will be imposed on research grants, confirms Atishi after GST council meeting
Education | Sep 09, 2024, 07:14 PM ISTDelhi Minister Atishi confirmed that the demand raised by her government, along with AAP and the Punjab govt, was accepted by the Central govt in the GST Council Meeting.
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WhatsApp fake job scam: Unemployed man falls prey to Rs 250 crore GST billing fraud, here's how
Trending | Sep 05, 2024, 07:39 AM ISTThe victim has been identified as Ashwani Kumar, a resident of Barsu Village in the Ratanpuri police station area in Muzaffarnagar. The fraud e-way billing scheme involving Rs 250 crore.
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INDIA bloc holds protest against GST on health, life insurance premiums, calls it 'tax terrorism'
India | Aug 06, 2024, 12:03 PM ISTSurprisingly, Union Minister Nitin Gadkari also wrote to Finance Minister Nirmala Sitharaman urging her to consider withdrawing the GST which, he said, amounted to taxing uncertainties of life and restricting the industry's growth.
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Mamata urges Sitharaman to rollback GST on life, health insurance premiums: 'Highly anti-people...'
Kolkata | Aug 02, 2024, 05:22 PM ISTMamata Banerjee said that the imposition of GST on insurance premiums increases the financial burden on the common people and urged Union Finance Minister Nirmala Sitharaman to withdraw the Centre's recent move in the Union Budget.
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GST collections surge by 10.3 per cent in July, cross Rs 1.82 lakh crore mark
Business | Aug 01, 2024, 07:57 PM ISTIn a positive economic development, the government announced that July's Gross Goods and Services Tax (GST) collections have surged by 10.3%, reaching over Rs 1.82 lakh crore. This marks a significant improvement from the same period last year.
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Union Budget 2024: Timeline of major milestones that shaped Indian economy
Budget | Jul 22, 2024, 08:04 PM ISTIn over 77 years of India's independence, the nation has taken giant leaps to become the fifth-largest economy in the world. As the country awaits what the budget brings, here are some of the most significant events that changed the course of our economy.
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Union Budget 2024: Insurers seek enhanced tax benefits for health insurance
Budget | Jul 11, 2024, 11:56 PM ISTInsurers are calling for increased tax benefits for health insurance, relaxed payment norms for MSMEs, and incentives for the agri-tech sector in the upcoming Union Budget 2024-25. FM Nirmala Sitharaman is set to present the budget on July 23, which will outline the new government's economic agenda.
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Noida: Police seize property worth Rs 2.5-crore in GST fraud case
Uttar Pradesh | Jul 11, 2024, 11:04 PM ISTThe actions against individuals - Mayur alias Mani Nagpal and his wife Charu Nagpal were part of a follow-up of the FIRs which were lodged last year in the matter related to GST fraud.
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Gaming industry disappointed as GST demands ignored by council
Technology | Jun 23, 2024, 01:56 PM ISTThe Goods and Services Tax (GST) Council reportedly failed to address the gaming industry's demands for a revised tax structure as the companies proposed a 28 per cent GST levy on Gross Gaming Revenue (GGR) instead of the current system that taxes the full value of bets placed in online games.
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Will petrol, diesel come under GST? | Here's what FM Sitharaman said in GST council meeting | VIDEO
Business | Jun 23, 2024, 06:03 AM ISTGST council meeting: In another taxpayer-friendly measure, the GST Council has decided to introduce Form GSTR 1A to enable taxpayers to add information they have missed when filing Form GSTR 1.
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Sitharaman's big announcements in GST Council meet: From hostels to platform tickets | Key takeaways
Business | Jun 23, 2024, 06:04 AM ISTNirmala Sitharaman chaired the GST Council meeting on Saturday and made big announcements at a press conference. She listed out what will become cheaper.
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GST Council to meet on June 22, likely to review online gaming taxation
Business | Jun 13, 2024, 04:27 PM ISTThe Union Finance Minister Nirmala Sitharaman will chair the 53rd Goods and Services Tax Council meeting, with finance ministers from states, among others in attendance.
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GST collection hits record high of Rs 2.10 lakh crore in April
Business | May 01, 2024, 01:24 PM ISTGoods and Services Tax (GST) collections soared to a new peak of Rs 2.10 lakh crore in April, marking a 12.4% increase from the previous year.
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GST collections rise 11.5 per cent year-on-year to Rs 1.78 lakh crore in March, second-highest ever
Business | Apr 01, 2024, 04:33 PM ISTThe Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and services. The highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
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FACT CHECK: 18% GST will not be charged on sending 'Good Morning' message | Here is the truth
Fact Check | Mar 23, 2024, 09:10 PM ISTA news is going viral on Facebook that 18% GST will be charged on sending 'Good Morning' message. When India TV conducted a Fact Check on this news, it came to light that it was written as a satire in a Hindi newspaper six years ago.