Goods And Services Tax Gst

India To Extend Surcharge On Taxes On Luxury Cars Beyond 2022

Reuters | Tuesday October 6, 2020

The surcharge on luxury goods, which varies from 12% to 200%, is part of the national goods and services tax (GST) introduced in 2017, and was due to expire in 2022.

Government To Extend Surcharge On Luxury Items, Tobacco

Business | Reuters | Monday October 5, 2020

The surcharge on luxury goods, which varies from 12 per cent to 200 per cent, is part of the national goods and services tax (GST) introduced in 2017, and was due to expire in 2022.

21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row

India News | Reported by Sunil Prabhu, Edited by Debanish Achom | Sunday September 20, 2020

Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...

Opposition MPs Protest For GST Dues To States Outside Parliament

India News | ANI | Thursday September 17, 2020

MPs of several opposition parties protested in front of the Mahatma Gandhi statue at the Parliament premises on Thursday, demanding Goods and Services Tax (GST) payments to states.

13 States Opt For Centre's "Borrow" Plan Amid GST Compensation Row

India News | Reported by Sunil Prabhu, Edited by Debanish Achom | Sunday September 13, 2020

Thirteen states have given their borrowing options proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources in the Finance Ministry have said. Six more states - Goa, Assam, Arunachal Pradesh, Nagaland, Mizoram and Himachal Pradesh - will give their option in a day or two...

Sovereign Default: Hemant Soren To PM Modi Over GST Compensation Plan

India News | Press Trust of India | Sunday September 6, 2020

Jharkhand Chief Minister Hemant Soren wrote to Prime Minister Narendra Modi on the centre not giving full Goods and Services Tax (GST) compensation to the states, saying this "act of sovereign default" runs against the very spirit of the cooperative federalism.

Will Pay GST Arrears Despite Losses Due To "Act Of God": Centre To States

India News | Reported by Sunil Prabhu, Edited by Debanish Achom | Saturday August 29, 2020

The centre in a letter to the states has promised it would clear their goods and services tax (GST) dues despite the massive shortfall in GST cess collection amid the coronavirus pandemic, a situation that has been described as "an act of God" by Finance Minister Nirmala Sitharaman. The government in the letter said it wants to stay clear of "avoid...

Centre Has To Pay States Full GST Dues, Says Attorney General

India News | Written by Sunil Prabhu | Wednesday August 26, 2020

The government has to compensate states fully for the loss of revenue in Goods and Services Tax (GST) during the coronavirus crisis, its top lawyer has advised ahead of a big meet of the GST council to be attended by state Finance Ministers and Chief Ministers.

Finance Ministry Lists GST Achievements On Arun Jaitley's Death Anniversary

Business | Edited by Abhik Deb | Monday August 24, 2020

Arun Jaitley held the finance ministry when the the GST was implemented in July 2017

After Cement Firm Allegedly Evaded Rs 17 Crore GST, Promoter Cites Covid

India News | Written by Anurag Dwary | Friday August 14, 2020

Week-long searches by the central GST intelligence team or DGGI on the premises of a top cement manufacturer and related dealers in Madhya Pradesh and Uttar Pradesh have led to detection of Rs 17.2 crore of goods and services tax (GST) evasion. While one of the directors of the cement major has been arrested, another director is on the run.

Rahul Gandhi's '3 Harvard Case Studies On Failure' Taunt At PM

India News | Edited by Deepshikha Ghosh | Monday July 6, 2020

Rahul Gandhi tweeted this morning that future Harvard Business School studies on failure would include COVID-19, demonetisation and the implementation of the Goods and Services Tax (GST).

Tax Compliance Needs To Be Eased Further: FM Sitharaman On GST Day

Business | Edited by Abhik Deb | Wednesday July 1, 2020

Ms Sitharaman highlighted the steps taken towards easing the return filing process

Gold Price Today: Gold Futures Edge Higher To Rs 45,800 Per 10 Grams Mark

Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday May 7, 2020

According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 45,914 per 10 grams - excluding Goods and Services Tax (GST).

Gold Price Today: Gold Futures Fall Over 1% To Trade Near Rs 45,300 Per 10 Grams Mark

Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday May 5, 2020

According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 45,743 per 10 grams - excluding Goods and Services Tax (GST).

Centre "Can Afford Small Loss": Shashi Tharoor For No Tax On Essentials

India News | Edited By Debanish Achom | Tuesday April 21, 2020

Congress MP Shashi Tharoor has written to Finance Minister Nirmala Sitharaman seeking to waive goods and services tax (GST) and other taxes on essential supplies. "I urge that manufacturers should still be allowed input tax credit so that the purchase price is unaffected. Govt can afford this small loss in a good cause," Mr Tharoor said.