Revenue Secretary On Gst

Revenue Secretary Tarun Bajaj said that some people are already paying capital gains tax on the income from crypto, and in respect of GST also the law is "very clear" that the rate would be applicable as those in case of other services.

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automakers for lower taxes.

"I quite agree with automotive sector. Two-wheelers and four-wheelers were not only charged 28 per cent Goods and Services Tax (GST) but we also charged cess, which is much more and as I see it will continue for two more years," he said.

Briefing reporters after the meeting of the Council, Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020.

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

"The apex committe will be chaired by the Commerce and Industry minister. I will chair one committee. We will soon call a meeting on inter-ministerial discussion with department of revenue, department of financial services, corporate affairs ministry, health ministry, CBDT, CBIC, regulatory bodies like Sebi, RBI to examine the issues raised by the ...

Easing the enrolment process for new firms, the Council decided to allow the use of 12-digit Aadhaar number for getting GST registration.

Some rejig in GST rate structure is required to reduce the burden on small and medium businesses, Revenue Secretary Hasmukh Adhia has said.

Revenue Secretary Hasmukh Adhia said that if rental income on commercial properties exceeds Rs 20 lakh, GST will be levied.

Revenue Secretary Hasmukh Adhia said the law provides for indicating the maximum retail price (MRP) of a product clearly on every product.

In case of credit cards, if you are regular with your payments, the GST regime will have no impact on you.

Revenue Secretary Hasmukh Adhia tells NDTV that the government is all set for the midnight Goods and Services Tax or GST launch on Friday.

Revenue Secretary Hasmukh Adhia claimed that the IT network for Good and Services Tax is on track and there are no issues of privacy being compromised.

The central and state governments were ready to roll out the GST, said Revenue Secretary Hasmukh Adhia, adding that firms should not count on a postponement of a tax more than a decade in the making.

The government had planned to roll out GST, which will subsume excise and service tax and other local levies, from April 1,2017.

Revenue Secretary Tarun Bajaj said that some people are already paying capital gains tax on the income from crypto, and in respect of GST also the law is "very clear" that the rate would be applicable as those in case of other services.

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automakers for lower taxes.

"I quite agree with automotive sector. Two-wheelers and four-wheelers were not only charged 28 per cent Goods and Services Tax (GST) but we also charged cess, which is much more and as I see it will continue for two more years," he said.

Briefing reporters after the meeting of the Council, Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020.

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

"The apex committe will be chaired by the Commerce and Industry minister. I will chair one committee. We will soon call a meeting on inter-ministerial discussion with department of revenue, department of financial services, corporate affairs ministry, health ministry, CBDT, CBIC, regulatory bodies like Sebi, RBI to examine the issues raised by the ...

Easing the enrolment process for new firms, the Council decided to allow the use of 12-digit Aadhaar number for getting GST registration.

Some rejig in GST rate structure is required to reduce the burden on small and medium businesses, Revenue Secretary Hasmukh Adhia has said.

Revenue Secretary Hasmukh Adhia said that if rental income on commercial properties exceeds Rs 20 lakh, GST will be levied.

Revenue Secretary Hasmukh Adhia said the law provides for indicating the maximum retail price (MRP) of a product clearly on every product.

In case of credit cards, if you are regular with your payments, the GST regime will have no impact on you.

Revenue Secretary Hasmukh Adhia tells NDTV that the government is all set for the midnight Goods and Services Tax or GST launch on Friday.

Revenue Secretary Hasmukh Adhia claimed that the IT network for Good and Services Tax is on track and there are no issues of privacy being compromised.

The central and state governments were ready to roll out the GST, said Revenue Secretary Hasmukh Adhia, adding that firms should not count on a postponement of a tax more than a decade in the making.

The government had planned to roll out GST, which will subsume excise and service tax and other local levies, from April 1,2017.