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'Rate Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact
Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and Customs has told NDTV.
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GST Reforms: FAQs On What Changes
The GST Council, chaired by Finance Minister Nirmala Sitharaman, held its 56th meeting on September 3 in New Delhi and announced changes in the rates. Here are all your questions answered.
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Smuggled Gold Seizures Rise 43% To 2,000 Kg During April-September
Smuggled gold seizures have increased nearly 43 per cent to 2,000 kilogramme during April-September, with most of the yellow metal entering India through the land borders of Myanmar, Nepal and Bangladesh.
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28% GST On Online Gaming Set To Be Implemented From October 1
The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from October 1.
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4,900 Fake GST Registrations Cancelled, Rs 15,000 Crore Tax Evasion Detected
GST authorities have so far cancelled over 4,900 GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs which will end on July 15, a senior tax official said on Wednesday.
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GST Not Payable On House Rented To Proprietor For Residential Use
From January 1, GST would not be payable on housing units rented to the proprietor of a proprietary concern for residential usage only, the CBIC has said.
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India Seeks Info on Coins Listed for Trade on Exchanges as Tax Body Mulls Levying GST
India’s Central Board of Indirect Taxes and Customs (CBIC) has asked crypto exchanges operating here to provide a list of all the cryptocurrencies that are being traded on their respective platforms. The process is expected to better determine the crypto transacting trends that are catching pace in the Indian fintech market.
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Smartphone Display Assembly With Parts Fitted to Attract 15 Percent Import Duty, CBIC Says
The Central Board of Indirect Taxes and Customs (CBIC) has said that import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty (BCD). Such assembly, consisting of display assembly and any other parts, is not eligible for the benefit of concessional rate ...
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Rs 150 Crore Recovered From UP Businessman's Home In Tax Raid
Tax raids at premises linked to Piyush Jain, a Kanpur businessman who is part of the perfume industry, have recovered more than Rs 150 crore cash, Vivek Johri, the Chairman of the Central Board of Indirect Taxes and Customs (CBIC), said.
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Does Papad Shape Affect GST? Harsh Goenka's Query Answered By Tax Body
Industrialist Harsh Goenka took to Twitter to ask about taxation on different shapes of Papad. An Indian tax body clarified the issue.
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'Rate Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact
Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and Customs has told NDTV.
-
GST Reforms: FAQs On What Changes
The GST Council, chaired by Finance Minister Nirmala Sitharaman, held its 56th meeting on September 3 in New Delhi and announced changes in the rates. Here are all your questions answered.
-
Smuggled Gold Seizures Rise 43% To 2,000 Kg During April-September
Smuggled gold seizures have increased nearly 43 per cent to 2,000 kilogramme during April-September, with most of the yellow metal entering India through the land borders of Myanmar, Nepal and Bangladesh.
-
28% GST On Online Gaming Set To Be Implemented From October 1
The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from October 1.
-
4,900 Fake GST Registrations Cancelled, Rs 15,000 Crore Tax Evasion Detected
GST authorities have so far cancelled over 4,900 GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs which will end on July 15, a senior tax official said on Wednesday.
-
GST Not Payable On House Rented To Proprietor For Residential Use
From January 1, GST would not be payable on housing units rented to the proprietor of a proprietary concern for residential usage only, the CBIC has said.
-
India Seeks Info on Coins Listed for Trade on Exchanges as Tax Body Mulls Levying GST
India’s Central Board of Indirect Taxes and Customs (CBIC) has asked crypto exchanges operating here to provide a list of all the cryptocurrencies that are being traded on their respective platforms. The process is expected to better determine the crypto transacting trends that are catching pace in the Indian fintech market.
-
Smartphone Display Assembly With Parts Fitted to Attract 15 Percent Import Duty, CBIC Says
The Central Board of Indirect Taxes and Customs (CBIC) has said that import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty (BCD). Such assembly, consisting of display assembly and any other parts, is not eligible for the benefit of concessional rate ...
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Rs 150 Crore Recovered From UP Businessman's Home In Tax Raid
Tax raids at premises linked to Piyush Jain, a Kanpur businessman who is part of the perfume industry, have recovered more than Rs 150 crore cash, Vivek Johri, the Chairman of the Central Board of Indirect Taxes and Customs (CBIC), said.
-
Does Papad Shape Affect GST? Harsh Goenka's Query Answered By Tax Body
Industrialist Harsh Goenka took to Twitter to ask about taxation on different shapes of Papad. An Indian tax body clarified the issue.
