Goods And Services Tax

GST Fraud Worth Rs 350 Crore Detected, Government Launches Probe

India News | Written by Sanket Upadhyay | Wednesday January 15, 2020

In one of the biggest crackdowns on Goods And Services Tax (GST) evaders so far, the centre has launched an investigation against unidentified exporters who allegedly faked GST refunds worth Rs 350 crore.

"Where Will They Go, Italy?": Minister On Minorities From Pak, Bangladesh

India News | Press Trust of India | Thursday January 2, 2020

Union Minister of State for Home G Kishan Reddy on Wednesday asserted that it is the "moral responsibility" of India to give shelter and citizenship to Hindus and other minority communities of Pakistan, which has been persecuting them persistently.

GST Collection Crosses Rs 1 Lakh Crore Mark For Fifth Month In 2019-20

Business | Edited by Sandeep Singh | Wednesday January 1, 2020

The government's collection of gross revenue from GST or goods and services tax stood at Rs 1,03,184 crore last month. That marked an increase of 8.93 per cent compared with the corresponding period a year ago. GST collection had come in at Rs 94,726 crore in December 2018, according to an official release. On a month-on-month basis, however, GST r...

India's Export Hub Dream Needs New Reforms: Gita Gopinath

Business | Indo-Asian News Service | Friday December 20, 2019

About regulatory issues in the country, Ms Gopinath said that regulatory uncertainty in India is one of the reasons for the ongoing economic slowdown.

GST Council Fixes 28% Tax Rate On Lottery, Says Revenue Secretary

Business | Edited By Abhishek Vasudev | Wednesday December 18, 2019

GST Council decided to exempt long term lease on industrial plots to facilitate setting up of industrial parks.

GST Council's 38th Meeting On Wednesday: 10 Things To Know

Business | Edited by Sandeep Singh | Monday December 16, 2019

The GST Council, chaired by Finance Minister Nirmala Sitharaman, is due to meet on Wednesday. Economists, analysts, corporates and market participants will look out for any major announcements on GST rates after the conclusion of the 38th meeting of the top decision-making body of the indirect tax regime. Ever since the roll-out of the GST or goods...

"Money Belongs To States": Shiv Sena On GST Dues From Government

India News | Press Trust of India | Saturday December 14, 2019

The Shiv Sena on Saturday warned that if the government fails to pay the Goods and Services Tax (GST) compensation, it could trigger a confrontation between states and the centre. The Sena said the centre's policies were responsible for the "economic anarchy" in the country.

Nestle Fined Rs 90 Crore For Not Passing On GST Rate Cut

Business | Indo-Asian News Service | Thursday December 12, 2019

National anti-profiteering agency has penalised the FMCG giant for not passing on the benefit of the goods and services tax reduction to consumers.

Nirmala Sitharaman Invites Suggestions On Easing GST Filing Process

India News | ANI | Saturday December 7, 2019

Finance Minister Nirmala Sitharaman on Saturday invited those who are interested in providing suggestions on simplifying and easing the Goods and Services Tax (GST) filing process.

States Must Question Centre On GST Payout, Says NCP Leader

India News | Press Trust of India | Friday December 6, 2019

Maharashtra may be among the non-BJP-ruled states which raised alarm about delay in payment of GST compensation recently, NCP leader Dhananjay Munde claimed on Thursday and called for flagging the issue at the Centre's level.

Gold Price At Rs 38,540 Per 10 Grams In Delhi: 10 Things To Know

Business | Edited By Anshul (With inputs from agencies) | Wednesday December 4, 2019

Gold prices were last seen at Rs 38,540 per 10 grams in the national capital on Wednesday, according to industry body India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers...

Gold Price At Rs 38,040 Per 10 Grams In Delhi: 10 Things To Know

Business | Edited By Anshul (With inputs from agencies) | Friday November 29, 2019

Gold prices were last seen at Rs 38,040 per 10 grams in the national capital on Friday, according to industry body India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, t...

Congress Raises GST Compensation Issue In Rajya Sabha

India News | Press Trust of India | Wednesday November 27, 2019

The Congress, in Rajya Sabha today, raised the issue of the Centre delaying payment of compensation to states for revenue shortfall in the Goods and Services Tax (GST) since August, saying this might lead to stoppage of development work and payments to employees.

Government Plans Lottery Scheme For GST Paying Customers: Report

Business | ANI | Tuesday November 26, 2019

The lottery scheme plan is to hold daily and monthly lotteries for customers who take a copy of the bill after paying GST for business to consumer transactions.

Gold Price At Rs 38,290 Per 10 Grams In Delhi: 10 Things To Know

Business | Edited By Anshul (With inputs from agencies) | Thursday November 21, 2019

Gold prices were last seen at Rs 38,290 per 10 grams in the national capital on Thursday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers,...