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Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
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Nirmala Sitharaman Likely To Place GST Rate Overhaul Proposal Tomorrow
Finance Minister Nirmala Sitharaman is likely to present the Centre's proposal for rationalising goods and services tax (GST) rates before a Group of Ministers (GoM) at a two-day meeting starting August 20 in the national capital.
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Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
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Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System
An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by PM Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising number of tax slabs.
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Centre Proposes Reducing GST Slabs From 4 To 2, May Retain 5%, 18%: Sources
The Centre has proposed that only two slabs for Goods and Services Tax (GST) be retained - 5 per cent and 18 percent - as per sources.
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Explained: GST Reforms Coming Soon. How You Will Benefit
India is set to witness major reforms in the Goods and Services Tax (GST) regime this year. These "next-generation" reforms would drop by before Diwali, Prime Minister Narendra Modi promised this morning.
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GST Reform To Rozgar Yojana: PM Modi's Big Independence Day Announcements
n his speech, the Prime Minister presented India's roadmap for self-reliance by 2047 and announced several schemes to empower youths, women and business.
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Parliament Monsoon Session Day 16 Live Updates: Proceedings Of Lok Sabha Adjourned, Rajya Sabha Resumes
 The proceedings of Lok Sabha has been adjourned till 4:00 pm. Meanwhile, the proceedings of Rajya Sabha has resumed.Â
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GST Collections Rise 7.5% In July To Rs 1.96 Lakh Crore
India's Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month previous year, according to government data released on Friday.
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Telangana Firm Accused Of Rs 100 Crore Tax Evasion Using Fake Bills
The Commercial Taxes Department of Telangana has uncovered a significant Goods and Services Tax (GST) fraud amounting to over Rs 100 crore allegedly orchestrated by Hyderabad-based M/s Keshaan Industries LLP.
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Income Tax Department Enables Online Filing Of ITR Form Number 3
The Income Tax Department informed that it has enabled online filing of the ITR form number 3. Taxpayers who have business income, income from share trading, or even investments in unlisted shares can now file ITR-3 through the e-filing ITR portal.
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Probe Agency Arrests West Bengal Man Who Extorted Money By Posing As Its Officer
The Enforcement Directorate on Thursday said it has arrested a man from West Bengal who allegedly impersonated as its officer and extorted money from businessmen by threatening them with money laundering investigation.
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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
-
Amazon 'Applauds' Canada's Scrapping Of Tech Tax
Amazon said Tuesday it "applauds" Canada's decision to scrap its digital services tax in order to salvage trade talks with the United States, calling it a win for the online retailer's customers.
-
Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
-
Nirmala Sitharaman Likely To Place GST Rate Overhaul Proposal Tomorrow
Finance Minister Nirmala Sitharaman is likely to present the Centre's proposal for rationalising goods and services tax (GST) rates before a Group of Ministers (GoM) at a two-day meeting starting August 20 in the national capital.
-
Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
-
Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System
An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by PM Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising number of tax slabs.
-
Centre Proposes Reducing GST Slabs From 4 To 2, May Retain 5%, 18%: Sources
The Centre has proposed that only two slabs for Goods and Services Tax (GST) be retained - 5 per cent and 18 percent - as per sources.
-
Explained: GST Reforms Coming Soon. How You Will Benefit
India is set to witness major reforms in the Goods and Services Tax (GST) regime this year. These "next-generation" reforms would drop by before Diwali, Prime Minister Narendra Modi promised this morning.
-
GST Reform To Rozgar Yojana: PM Modi's Big Independence Day Announcements
n his speech, the Prime Minister presented India's roadmap for self-reliance by 2047 and announced several schemes to empower youths, women and business.
-
Parliament Monsoon Session Day 16 Live Updates: Proceedings Of Lok Sabha Adjourned, Rajya Sabha Resumes
 The proceedings of Lok Sabha has been adjourned till 4:00 pm. Meanwhile, the proceedings of Rajya Sabha has resumed.Â
-
GST Collections Rise 7.5% In July To Rs 1.96 Lakh Crore
India's Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month previous year, according to government data released on Friday.
-
Telangana Firm Accused Of Rs 100 Crore Tax Evasion Using Fake Bills
The Commercial Taxes Department of Telangana has uncovered a significant Goods and Services Tax (GST) fraud amounting to over Rs 100 crore allegedly orchestrated by Hyderabad-based M/s Keshaan Industries LLP.
-
Income Tax Department Enables Online Filing Of ITR Form Number 3
The Income Tax Department informed that it has enabled online filing of the ITR form number 3. Taxpayers who have business income, income from share trading, or even investments in unlisted shares can now file ITR-3 through the e-filing ITR portal.
-
Probe Agency Arrests West Bengal Man Who Extorted Money By Posing As Its Officer
The Enforcement Directorate on Thursday said it has arrested a man from West Bengal who allegedly impersonated as its officer and extorted money from businessmen by threatening them with money laundering investigation.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
-
Amazon 'Applauds' Canada's Scrapping Of Tech Tax
Amazon said Tuesday it "applauds" Canada's decision to scrap its digital services tax in order to salvage trade talks with the United States, calling it a win for the online retailer's customers.
