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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 Council To Hold 2-Day Meeting On September 3-4 To Discuss Key Reforms
The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation.
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Rs 512-Crore Fake GST Scam Busted In Madhya Pradesh, Mastermind Arrested
In what could be one of the biggest GST frauds uncovered in central India, the Economic Offences Wing (EOW) has unearthed a fake invoicing scam worth Rs 512 crore and fraudulent Input Tax Credit (ITC) claims of Rs 130 crore.
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Rs 100 Crore Fake GST Refund Scam Busted By CBI
The Central Bureau of Investigation (CBI) has launched a major crackdown in a case involving bogus GST refund claims amounting to nearly Rs 100 crore, allegedly orchestrated through fake export bills.
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Bureaucrat, His Family Found Dead At Kerala Home, Cops Suspect Suicide
An additional commissioner of central excise and GST, his mother, and sister were found dead at their residence in Kerala, with the police suspecting it a case of death by suicide, officials said on Thursday.
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GST Portal Seeks Extension For Filing Return As Portal Faces Technical Glitch
The GST Network has sought an extension for filing GST sales returns after it flagged a technical glitch in its system to the Central Board of Indirect Taxes and Customs.
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"Anti-People In Nature": Mamata Banerjee On Budget Move To Tax Insurance
West Bengal Chief Minister Mamata Banerjee has urged the BJP-led central government to withdraw GST on life and medical insurance premiums, saying that it adversely affects people's ability to take care of their vital needs.
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Bill To Amend Central Goods And Services Tax Act Introduced In Lok Sabha
A bill to align provisions of the Central Goods and Services Tax Act with Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals was introduced in Lok Sabha on Wednesday.
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Congress Says Centre Charging 18% GST On Gangajal, Tax Body Refutes Claim
The Central Board of Indirect Taxes and Customs said no such tax has been imposed on Gangajal, used in puja and other ceremonies.
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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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Revenue Officer Charged For Demanding Rs 30 Lakh Bribe From Chinese Firm
The Central Bureau of Investigation (CBI) on Friday booked an Indian Revenue Service (IRS) officer for allegedly seeking a bribe of Rs 30 lakh from a China-based company in a case related to GST evasion.
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Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
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Centre Devolves Over Rs 3.09 Lakh Crore Sum To States Till July
Of the Rs 3.09 lakh crore net proceeds of shareable union taxes and duties distributed to the states, Central GST collection devolution stood at Rs 94,368 crore till July.
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Centre Brings GST Network Under Prevention Of Money Laundering Act
The central government on Saturday issued a notification to bring the Goods and Services Tax Network (GSTN) under the Prevention of Money Laundering Act (PMLA).
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GST Officer Among 3 Arrested For Extortion From Shopkeeper In Gujarat
A superintendent with the Central Goods and Services Tax (GST) department and two others were arrested in Surat in Gujarat for allegedly extorting Rs 12 lakh from a shopkeeper, a police official said on Friday.
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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 Council To Hold 2-Day Meeting On September 3-4 To Discuss Key Reforms
The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation.
-
Rs 512-Crore Fake GST Scam Busted In Madhya Pradesh, Mastermind Arrested
In what could be one of the biggest GST frauds uncovered in central India, the Economic Offences Wing (EOW) has unearthed a fake invoicing scam worth Rs 512 crore and fraudulent Input Tax Credit (ITC) claims of Rs 130 crore.
-
Rs 100 Crore Fake GST Refund Scam Busted By CBI
The Central Bureau of Investigation (CBI) has launched a major crackdown in a case involving bogus GST refund claims amounting to nearly Rs 100 crore, allegedly orchestrated through fake export bills.
-
Bureaucrat, His Family Found Dead At Kerala Home, Cops Suspect Suicide
An additional commissioner of central excise and GST, his mother, and sister were found dead at their residence in Kerala, with the police suspecting it a case of death by suicide, officials said on Thursday.
-
GST Portal Seeks Extension For Filing Return As Portal Faces Technical Glitch
The GST Network has sought an extension for filing GST sales returns after it flagged a technical glitch in its system to the Central Board of Indirect Taxes and Customs.
-
"Anti-People In Nature": Mamata Banerjee On Budget Move To Tax Insurance
West Bengal Chief Minister Mamata Banerjee has urged the BJP-led central government to withdraw GST on life and medical insurance premiums, saying that it adversely affects people's ability to take care of their vital needs.
-
Bill To Amend Central Goods And Services Tax Act Introduced In Lok Sabha
A bill to align provisions of the Central Goods and Services Tax Act with Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals was introduced in Lok Sabha on Wednesday.
-
Congress Says Centre Charging 18% GST On Gangajal, Tax Body Refutes Claim
The Central Board of Indirect Taxes and Customs said no such tax has been imposed on Gangajal, used in puja and other ceremonies.
-
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.
-
Revenue Officer Charged For Demanding Rs 30 Lakh Bribe From Chinese Firm
The Central Bureau of Investigation (CBI) on Friday booked an Indian Revenue Service (IRS) officer for allegedly seeking a bribe of Rs 30 lakh from a China-based company in a case related to GST evasion.
-
Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
-
Centre Devolves Over Rs 3.09 Lakh Crore Sum To States Till July
Of the Rs 3.09 lakh crore net proceeds of shareable union taxes and duties distributed to the states, Central GST collection devolution stood at Rs 94,368 crore till July.
-
Centre Brings GST Network Under Prevention Of Money Laundering Act
The central government on Saturday issued a notification to bring the Goods and Services Tax Network (GSTN) under the Prevention of Money Laundering Act (PMLA).
-
GST Officer Among 3 Arrested For Extortion From Shopkeeper In Gujarat
A superintendent with the Central Goods and Services Tax (GST) department and two others were arrested in Surat in Gujarat for allegedly extorting Rs 12 lakh from a shopkeeper, a police official said on Friday.
