Gst
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Govt will clear all GST compensation of Rs 16,982 cr today, announces Nirmala Sitharaman
Business | Feb 18, 2023, 07:06 PM ISTWith this release, the Centre would clear the entire provisionally admissible compensation cess dues for 5 years as envisaged in the GST (Compensation to States) Act, 2017, Finance Minister Nirmala Sitharaman added.
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CBI raids Gujarat tax officer in disproportionate asset case, over Rs 40 lakhs found so far
Gujarat | Feb 09, 2023, 07:56 PM ISTThe probing agency have alleged that the accused had accumulated disproportionate assets to the tune of around Rs 3,71,12,499 (approx) in the form of huge cash, bank balances, movable and immovable properties during 2017 to 2021 in the name of several family members.
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Budget 2023: Edtech Industry anticipates tax breaks in the upcoming budget
Budget | Jan 27, 2023, 12:49 PM ISTBudget 2023: Core educational services are currently exempt from GST, but Edtech products like online classes and courses are subject to the 18% GST threshold.
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GST revenues grow 15% to nearly Rs 1.50 lakh crore in December
Business | Jan 01, 2023, 09:32 PM ISTIn November 2022, 7.9 crore e-way bills were generated, which was significantly higher than the 7.6 crore e-way bill issued in October 2022.
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Demonetisation, wrongly designed GST behind high unemployment rate: Jairam Ramesh
India | Dec 11, 2022, 06:40 PM ISTHigh unemployment rate in India: The Congress leader said it was appropriate to release the movie in Rajasthan as it was the first state to launch urban employment grantee scheme, which was named after Indira Gandhi, in September.
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GST mop-up in September at Rs 1.47 lakh crore; festive season to push up revenues in coming months
Business | Oct 01, 2022, 04:58 PM ISTThe growth in GST revenue till September 2022 over the same period last year is 27 percent, thus continuing to display very high buoyancy.
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GST revenue likely at Rs 1.45 lakh crore in September
India | Sep 28, 2022, 01:56 PM IST"The collection in September is likely to be little more than Rs 1.45 lakh crore. Improved business activity is expected to yield better collections in coming months," the official said.
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'Thank god Manmohan Singh didn't serve unpalatable food like demonetisation, GST': P Chidambaram
India | Sep 16, 2022, 09:21 PM ISTFinance Minister Nirmala Sitharaman had accused then Congress government of implementing half-baked reforms where the economy was not opened in the right way but as per the strictures imposed by the IMF.
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GST imposed on ‘Sarais’? What Central Board of Indirect Taxes & Customs said
Fact Check | Aug 04, 2022, 11:53 PM ISTCertain sections of the media and social media are spreading the message that GST has recently been imposed with effect from 18 July, 2022 even on ‘Sarais’ run by religious/charitable trusts. This is not true, Central Board of Indirect Taxes & Customs said.
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GST collections rises 28 per cent to Rs 1.49 lakh crore in July
Business | Aug 01, 2022, 12:48 PM ISTBusiness news: The collections in July this year is the second highest since the introduction of GST in July 2017, the ministry said in a statement.
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Shashi Tharoor has a new math question featuring paneer butter masala amid GST hike. Can you answer?
Trending | Jul 21, 2022, 12:08 PM ISTThe 'WhatsApp forward' shared by the Congress leader Shashi Tharoor included a tax question on paneer butter masala. Take a look.
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'Satisfy hunger with tadka of jumlas': Rahul slams Centre over GST on essential items
India | Jul 20, 2022, 03:57 PM ISTRahul slams Centre over GST: In a tweet on Wednesday, Rahul Gandhi said that the recipe of "Gabbar" for people struggling with inflation is to "make less, eat less and satisfy hunger with the tadka of jumlas".
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Govt exempts GST on 11 food items when sold loose. See list
India | Jul 19, 2022, 03:59 PM ISTGST News: The government has exempted GST from being levied on several food items if they are sold in loose. Check out the list.
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New GST rates: Here's what will get expensive after Centre's 5% hike from today
Business | Jul 18, 2022, 06:22 AM ISTNew GST rates: The CBIC said the supply of pre-packed atta meant for retail sale to the ultimate consumer of 25 Kg shall be liable to GST. However, supply of such a 30-kg pack thereof shall be exempt from levy of GST.
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Middle class memes go viral after Govt declares 5 per cent GST on common food items atta, paneer
Trending | Jul 17, 2022, 10:35 PM ISTAs per the new tax rules, the price rise will be faced by the common people in the coming time. Pre-packed and labelled food items are set to become costlier starting Monday.
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Indian Medical Association urges Finance Minister Sitharaman to withdraw GST on healthcare
India | Jul 17, 2022, 02:30 AM ISTThe doctors' body cited another recommendation which stated that room rent exceeding Rs 5,000 per day per patient charged by the hospital will also be taxed at 5 percent, without input tax credit (ITC).
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Highest 28% GST on luxury, sin goods to continue: Revenue Secretary Tarun Bajaj
Business | Jul 04, 2022, 02:59 PM ISTUnder the GST, a four-rate structure that exempts or imposes a low rate of tax of 5 per cent on essential items and a top rate of 28 per cent on cars is levied. The other slabs of tax are 12 and 18 per cent.
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GST 5 years: The journey of indirect tax regime so far
India | Jul 01, 2022, 07:46 AM ISTThe tax base has significantly increased since July 1, 2017. As of March 31, 2022, there are 1.36 crore active GST registrations in the country.
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GST Council meet: No decision on extending compensation regime to states
Business | Jun 29, 2022, 04:17 PM ISTPuducherry finance minister K Lakshminarayanan said all states sought an extension of the compensation mechanism, but no decision has been taken.
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GST council meeting: Council clears proposal to remove tax exemptions on some items
Business | Jun 28, 2022, 10:49 PM ISTThe GoM had suggested withdrawal of GST exemption on a host of services including on hotel accommodation of less than Rs 1,000 per day and replacing it with a 12 per cent tax.