Gst

Fire Breaks Out At Government Building In Mumbai, No One Injured

India News | Edited By Debanish Achom | Monday February 17, 2020

A fire broke out on the eighth floor of a government building in Mumbai's Mazgaon today. In visuals, black smoke is seen billowing out from the windows of the GST Bhavan. Firefighters said no one was injured or trapped.

Centre Informally Proposed GST Rate Rejig Once A Year: Finance Minister

Business | Indo-Asian News Service | Monday February 10, 2020

"In GST, when you have come to certain level or grade, periodically changing it leads to inversion problems, refund issues and so on. So, therefore, when one item's rate of taxation is brought down, a lot of other ripple effects are created, and with that, either the refund gets affected, or businesses rightly feel they cannot plan how much they ha...

Plugging Goods And Services Tax Loopholes, Says Nirmala Sitharaman

India News | Indo-Asian News Service | Saturday February 8, 2020

Finance Minister Nirmala Sitharaman on Saturday said the Central government is plugging the loopholes in the Good and Services Tax (GST) with the use of technology and is working towards eight per cent growth rate.

"Issues I Raised As Chief Minister...": PM Modi Responds To GST Criticism

India News | Edited by Divyanshu Dutta Roy | Thursday February 6, 2020

Prime Minister Narendra Modi on Thursday attacked the Congress for the delay in implementation of the Goods and Services Tax or GST, saying that it was only after he took office that the outstanding issues were resolved, paving the way for the rollout of the unified tax regime.

All Numbers Point Towards A "Limping Economy", Says P Chidambaram

India News | Press Trust of India | Wednesday February 5, 2020

The monumental blunder of demonetisation, a flawed GST and putting the squeeze on banks were the three major errors committed by the government that sent the economy into a tailspin, senior Congress leader P Chidambaram said today.

Budget 2020: Auto Sector Misses Direct Benefits; Indirect Sops Likely To Drive Sales

Edited by Shubham Parashar | Sunday February 2, 2020

GST reduction and incentive based scrappage policy are the need of the hour, but all indirect benefits should curb liquidity crisis and uplift general customers' sentiment.

Budget 2020: Auto Component Sector Benefits From Rs. 1000 Crore Support

Edited by Shubham Parashar | Saturday February 1, 2020

In the 2020 Budget session Government has announced handholding support to the auto component industry for technological upgradation, R&D support and strategy planning.

Early In Speech, Nirmala Sitharaman's Tribute To Arun Jaitley

India News | NDTV News Desk | Saturday February 1, 2020

Early in her presentation of the country's budget, finance minister Nirmala Sithraman referred to her predecessor, Arun Jaitley, and said his work on introducing the Goods and Services Tax was a huge contribution. Mr Jaitley died in August 25, 2019.

Budget 2020: GST Most Historic Reform, Says Nirmala Sitharaman

India News | Peter Noronha (with inputs from agencies) | Saturday February 1, 2020

The Union Budget 2020-21 comes at a time when the economy is staring at a more than 11-year low annual expansion rate and thousands of job cuts amid weakness across sectors.

Indian Economy Faced Abrupt Slowdown In 2019, But Far From Recession: IMF

India News | Press Trust of India | Saturday February 1, 2020

The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.

GST Collection Crosses Rs 1.1 Lakh Crore Mark In January

India News | Press Trust of India | Friday January 31, 2020

Goods and Services Tax (GST) collections have crossed the Rs 1 lakh crore mark for the third month in a row in January with improved compliance and plugging of evasion, sources said on Friday.

Congress Seeks Farm Loan Waiver, Petrol And Diesel Under GST In Budget

India News | Press Trust of India | Wednesday January 29, 2020

The Congress on Wednesday asked the government to announce a national farm loan waiver in the upcoming Union Budget and spell out measures to ensure that farmers' income doubles by 2022.

Industry Body FICCI For Credit Of GST Against Excise Duty On Petroleum Products

Business | Edited by Sandeep Singh | Saturday February 1, 2020

Union Budget 2020: Until the introduction of GST on petroleum products, suitable amendments in the CENVAT (Central Value Added Tax) rules will lower the production costs for oil and gas companies, according to the industry body.

Budget Needs To Move Educational Services To 0% GST Slab: Kara Learning

Business | Edited by Abhishek | Saturday February 1, 2020

Educational services provider have called upon the Finance Minister to move educational services to 0 per cent goods and services tax (GST) slab from currently under the 'exempt' category of GST,

Budget 2020: SIAM Demands GST Reduction On BS6 Vehicles; Incentive Based Scrappage Policy

Edited by Shubham Parashar | Monday January 27, 2020

It's not the first time SIAM has raised these demands, in fact it's been over a year the body has been asking to reduce GST rates in order to push sales during the prolonged slowdown.