Gst

Tax Collection Growth To Continue Despite Surge In Covid Cases

Business | Reuters | Tuesday April 13, 2021

Net tax receipts, comprising corporate and individual taxes, have also risen to Rs 9.45 lakh core for the 2020/21 fiscal year, surpassing a revised target.

Net Indirect Tax Collections For 2020-21 Up 12%

Business | Edited by Animesh Singh | Tuesday April 13, 2021

The provisional figures released by the Ministry of Finance on Tuesday, further indicated that the net indirect tax collection for 2020-21 showed that 108 per cent of the Revised Estimates (RE) of indirect taxes for that fiscal have been achieved.

JioFiber Annual, 6-Month Plans Now Come With Extra Validity of Up to 30 Days

Tasneem Akolawala | Wednesday April 7, 2021

JioFiber is offering extra validity on its annual and six-month plans. For instance, if the Rs. 399 base plan is purchased as an annual package, i.e. for 12 months, the price of this annual recharge becomes Rs. 4,788 (plus GST). This pack earlier came with 365 days validity, but Jio Fiber is now giving 30 days extra on the plan.

GST Collections Hit Record High Of Rs 1.24 Lakh Crore In March

Business | Edited by Abhishek Vasudev | Thursday April 1, 2021

The total revenue of Centre and the States after regular and ad-hoc settlements in the month of March 2021 is Rs 58,852 crore for CGST and Rs 60,559 crore for the SGST.

Petrol, Diesel Can't Be Brought Under GST In Next 8-10 Years: BJP's Sushil Modi

India News | Press Trust of India | Wednesday March 24, 2021

Bringing petrol and diesel under the GST regime is not possible for the next 8-10 years as no state is ready to face the annual revenue loss of over Rs 2 lakh crore on this account, BJP member Sushil Kumar Modi said in Rajya Sabha on Wednesday.

Ready To Discuss Bringing Petrol, Diesel Under GST At Next Meet: Finance Minister

India News | Press Trust of India | Tuesday March 23, 2021

Amid outcry over high taxes on petrol and diesel, Finance Minister Nirmala Sitharaman on Tuesday said she would be "glad" to discuss the suggestion of bringing petrol and diesel under the ambit of the Goods and Services Tax at the next meeting of the GST Council.

LTC Cash Voucher Scheme Ends Soon: Everything You Need to Know and What to Buy

Harpreet Singh | Tuesday March 23, 2021

Central government's LTC cash voucher scheme makes it easier to claim LTC benefits without travelling. Eligible employees can simply buy good and services with GST rates of 12 percent and above through digital platforms. In this article, we explain everything you need to know.

No Proposal To Bring Petrol, Diesel, Jet Fuel, Gas Under GST: Nirmala Sitharaman

India News | Press Trust of India | Tuesday March 16, 2021

Amid record-high fuel prices, Finance Minister Nirmala Sitharaman on Monday said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST).

Centre, States Must Think About Cutting Taxes On Petrol, Diesel: Minister

India News | Press Trust of India | Monday March 15, 2021

Minister of State for Finance Anurag Thakur on Monday said both the centre and the states need to think about reducing taxes on petrol and diesel as their prices have risen sharply in the recent weeks.

No Recommendation By GST Council To Bring Petrol, Diesel Under GST: Ministry

India News | ANI | Wednesday March 10, 2021

The Union Finance Ministry on Tuesday informed the Parliament that no recommendation from the Goods and Services Tax (GST) Council has been made to bring petrol and diesel under the ambit of the GST.

Gold Price Today: Yellow Metal Trades Below Rs 44,650 Mark, Silver Slumps

Business | Edited by Nikita Prasad (With inputs from Agencies) | Friday March 5, 2021

Gold Price In India Today: Domestic spot gold closed at Rs 44,516 per 10 grams on Friday, and silver at Rs 65,128 per kilogram - both rates excluding GST

Gold Price Today: Yellow Metal Drops Below Rs 45,000 Mark, Silver Falls

Business | Edited by Nikita Prasad (With inputs from Agencies) | Wednesday March 3, 2021

Gold Price In India Today: Domestic spot gold closed at Rs 45,217 per 10 grams on Wednesday, and silver at Rs 67,919 per kilogram - both rates excluding GST

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.

GST Collections Crossed Rs 1 Lakh Crore Mark For Fifth Month In A Row

Business | Press Trust of India | Monday March 1, 2021

GST collections, which directly reflect the state of economic activity, had plummeted to a record low of Rs 32,172 crore in April 2020, after the government imposed a nationwide lockdown to curb the spread of coronavirus

Gold Price Today: Yellow Metal Up Rs 241 In Delhi, Silver Trades Higher

Business | Edited by Nikita Prasad (With inputs from Agencies) | Monday March 1, 2021

Gold Price In India Today: Domestic spot gold closed at Rs 45,976 per 10 grams on Monday, and silver at Rs 68,466 per kilogram - both rates excluding GST