Goods And Services Tax

Man Arrested For Input Tax Credit Fraud Of Rs 38.91 Crore In Delhi

Delhi News | ANI | Tuesday March 2, 2021

In the ongoing drive to counter the fake billing operations, the Central Goods and Service Tax (CGST) Commissionerate arrested an accused for creating a network of 38 fictitious firms to generate and pass fake Input Tax Credit (ITC) of Goods and Service Tax (GST) amounting to Rs 38.91 Crore.

"Deep-Rooted Conspiracy": Delhi Lawyer Arrested Over Rs 50 Crore Fraud

India News | ANI | Sunday February 28, 2021

The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East have unearthed a network of fictitious firms used by their operator to generate and pass on fake Input Tax Credit (ITC) of Goods and Services Tax (GST), an official statement said.

Bharat Bandh Today Highlights: Traders Protest Against GST, Fuel Price Hike, E-Way Bill

India News | Edited by Nonika Sharma | Saturday February 27, 2021

A nationwide shutdown has been called by top traders' body - the Confederation of All India Traders (CAIT) - over rising fuel prices, the Goods and Services Tax and the new e-Way bill, a permit associated with the movement of goods. Around 40,000 trade associations have extended their support to the shutdown call, protesters have said.

Bharat Bandh: Nationwide Shutdown Against Fuel Price Hike, Goods And Services Tax

India News | Edited by Swati Bhasin | Friday February 26, 2021

A nationwide shutdown has been called by top traders' body - the Confederation of All India Traders (CAIT) - over rising fuel prices, the Goods and Services Tax and the new e-Way bill, a permit associated with the movement of goods.

GST Council Should Consider Rationalisation, Bring Petrol Under GST: Finance Minister

Business | ANI | Saturday February 20, 2021

"The Centre and states both generate revenue from petrol. We can think about bringing petroleum under the GST. Maybe it is a solution,'' said Finance Minister Nirmala Sitharaman

January GST Revenue At Record High Of Rs 1.2 Lakh Crore Ahead Of Budget

India News | Edited by Divyanshu Dutta Roy | Sunday January 31, 2021

Goods and services tax or GST revenue collected in January stood at Rs 1.19 lakh crore, the finance ministry said on Sunday, in a record figure a day before the government unveils the country's annual budget.

Government Should Focus On Implementing Scrappage Policy: HDFC Securities

Business | Edited by Abhishek Vasudev | Tuesday January 26, 2021

Union Budget 2021: Mumbai-based HDFC Securities has also recommended that the government should propose a reduction in Goods and Services Tax (GST) on smaller cars to 18 per cent

Will Restructure GST, Give One Tax, Minimum Tax If Elected: Rahul Gandhi

India News | Press Trust of India | Saturday January 23, 2021

Congress leader Rahul Gandhi on Saturday said his party is committed to reconceptualising the Goods and Services Tax (GST) regime if voted to power at the Centre and assured ushering in ''one tax, minimum tax."

UPA Won't Get Power In "Outdated" Rahul Gandhi's Lifetime: Minister

India News | ANI | Saturday January 23, 2021

Taking a dig at Congress leader Rahul Gandhi after he said the United Progressive Alliance (UPA) will restructure Goods and Services Tax (GST) after coming to power, Minister of State for Home Affairs G Kishan Reddy on Sunday called the Wayanad MP an ''outdated'' politician, and said UPA will not come to power in his lifetime.

Fake GST Invoice Racket Worth Rs 510 Crore Busted In Odisha

India News | ANI | Saturday January 2, 2021

Odisha Goods and Services Tax (GST) Commissionerate busted tax invoice fraud to the tune of Rs 510 crore and arrested its mastermind, Sandeep Mohanty in Cuttack, an official said on Friday.

Deadline For Filing Annual GST Return Extended

Business | Edited by Nikita Prasad | Thursday December 31, 2020

GST Return Filing Deadline: The government has extended the due date for furnishing annual GST or goods and services tax returns for the financial year 2019-20 by two more months

Economy Coming Back On Track Since July-September Quarter: Minister Of State For Finance

Business | Press Trust of India | Saturday December 19, 2020

The minister said that the Good and Services Tax (GST) collection was more than Rs 1 lakh crore in October and November as wel

Government To Allow Additional Borrowing For States Which Complete Specific Reforms

Business | Edited by Nikita Prasad | Wednesday December 16, 2020

The states which implement all reforms are eligible for additional borrowings of up to Rs 2.14 lakh crore equivalent to 0.25 per cent of their gross states domestic product

Top Court Upholds Levy Of GST On Lotteries, Betting, Gambling

India News | Press Trust of India | Friday December 4, 2020

Supreme Court Thursday held that the levy of Goods and Services Tax (GST) on lotteries, betting and gambling does not amount to hostile discrimination and is not violative of right to equality under the Constitution.

Rising Invoice Fraud Top Agenda On GST Council Meet On Wednesday: Sources

India News | Reported by Sunil Prabhu, Edited by Debanish Achom | Monday November 16, 2020

The law committee of the goods and services tax (GST) council will meet on Wednesday in Delhi to discuss invoice frauds, tightening of registration process and consider amendments in the GST law, Finance Ministry sources have said.