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Tag "goods and services tax"

June GST collection below Rs 1 lakh cr mark for first time in FY20

June GST collection below Rs 1 lakh cr mark for first time in FY20

🕔10:49, 2.Jul 2019

New Delhi, July 2  The Goods and Services Tax (GST) collection for the month of June rose 4.52 per cent to Rs 99,939 crore from the year ago period, but fell below Rs 1 lakh crore monthly revenue mop-up for

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CII calls for ‘GST 2.0’, tax rationalisation

CII calls for ‘GST 2.0’, tax rationalisation

🕔10:30, 1.Jul 2019

New Delhi, July 01  Stating that the Goods and Services Tax (GST) had been a “huge success”, industry body Confederation of Indian Industry (CII) on Saturday called for implementation of its next version. The call for further evolving GST comes

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GST Council focus now on easing compliance, curbing tax evasion

GST Council focus now on easing compliance, curbing tax evasion

🕔21:31, 21.Jun 2019

New Delhi, June 21  With the Goods and Services Tax (GST) regime stabilizing after a series of rate rationalizations, the focus of the government has now clearly shifted to easing the compliance burden and containing tax evasion. In its 35th

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NDDB urges finance minister to rationalize taxes on dairy items

NDDB urges finance minister to rationalize taxes on dairy items

🕔10:58, 13.Jun 2019

Anand, June 13  The National Dairy Development Board (NDDB) has called upon the Union Finance Minister Nirmala Sitharaman to rationalize direct and indirect taxes on dairy items and reduce the Goods and Services Tax (GST) on ‘ghee’ and flavoured milk,

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May GST collection stays above Rs 1 lakh cr, but lower than April

May GST collection stays above Rs 1 lakh cr, but lower than April

🕔16:47, 1.Jun 2019

New Delhi, June 1  The Goods and Services Tax (GST) collection for the month of May rose 6.67 per cent to Rs 1,00,289 crore from a year ago period staying above Rs 1 lakh crore in monthly revenue mop-up. The

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Indian economy to grow at 7% range in FY20: CEA

Indian economy to grow at 7% range in FY20: CEA

🕔09:54, 14.May 2019

New Delhi, May 14  The Indian economy will grow at 7 per cent range in the current fiscal powered by the effects of the strong structural reforms such as bankruptcy laws, Goods and Services Tax (GST), crackdown on shell companies

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CARE Ratings pegs GST collection at Rs 12.60-13.40 lakh cr in FY20

CARE Ratings pegs GST collection at Rs 12.60-13.40 lakh cr in FY20

🕔18:38, 5.May 2019

New Delhi, May 5  Research and rating firm, CARE Ratings, has projected the gross Goods and Services Tax (GST) collections in the range of Rs 12.60 to 13.40 lakh crore in the current financial year requiring an average monthly collections

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GST collection soars in April to Rs 1,13,865 crore

GST collection soars in April to Rs 1,13,865 crore

🕔16:17, 1.May 2019

New Delhi, May 1  The Goods and Services Tax (GST) collection rose 10.05 per cent to Rs 1,13,865 crore in April from a year ago recording highest ever monthly revenue mop-up since the new indirect tax system was rolled out

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March GST revenue highest at Rs 1.06 lakh cr

March GST revenue highest at Rs 1.06 lakh cr

🕔17:10, 1.Apr 2019

New Delhi, April 1 The Goods and Services Tax (GST) collection for March rose 15 per cent year-on-year to Rs 1.06 lakh crore. The collection of Rs 1,06,577 crore for March though was the highest-ever monthly collection since the introduction

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GST collections for January expected at Rs 103,000 cr

GST collections for January expected at Rs 103,000 cr

🕔12:48, 1.Feb 2019

New Delhi, Feb 1 The Goods and Services Tax (GST) collections for January have crossed the Rs 1 lakh crore mark and is expected to be Rs 103,000 crore, acting Finance Minister Piyush Goyal said on Friday. Presenting the Interim Budget

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Movies, monitors, video games to cost less; GST Council leaves cement at 28%

Movies, monitors, video games to cost less; GST Council leaves cement at 28%

🕔21:49, 22.Dec 2018

New Delhi, Dec 22 (IANS) Computer monitors, TV screens, video games, lithium-ion power banks, retreaded tyres, wheelchairs and cinema tickets are among products and services set to get cheaper as they have been removed from the highest 28 per cent bracket

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Six items taken out of the 28% GST tax bracket: Jaitley

Six items taken out of the 28% GST tax bracket: Jaitley

🕔17:59, 22.Dec 2018

New Delhi, Dec 22  Finance Minister Arun Jaitley on Saturday said that six items have been removed from the 28 per cent tax bracket under the Goods and Services Tax (GST) regime. There were 34 items in the 28 per

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Government releases Rs 600 crore aid to Kerala

Government releases Rs 600 crore aid to Kerala

🕔08:33, 22.Aug 2018

New Delhi, Aug 22  The Centre on Tuesday released Rs 600 crore to the Kerala government for relief work in the flood-ravaged state and decided to waive Customs Duty and Goods and Services Tax (GST) on relief materials being imported.

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Cashback incentive to promote digital payment

Cashback incentive to promote digital payment

🕔20:49, 4.Aug 2018

New Delhi, Aug 4  The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give 20 per cent cashback of the GST paid to incentivise digital payment in the country. “Under

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GST best example of cooperative federalism in world: Goyal

GST best example of cooperative federalism in world: Goyal

🕔10:21, 10.Jul 2018

Kolkata, July 10  Union Finance Minister Piyush Goyal on Monday termed the Goods and Services Tax (GST) as the best example of cooperative and collaborative federalism in the world and claimed that the successful implementation of the new tax regime

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Government acknowledges need for simplification of GST rates, slabs

Government acknowledges need for simplification of GST rates, slabs

🕔07:37, 7.Jul 2018

New Delhi, July 7  Amid demands of rationalisation of the GST rates and reduction in the number of tax slabs, the government on Friday acknowledged this was necessary but added it could not have implemented the landmark tax reform in

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June GST collection at Rs 95,610 cr up 1,600 cr: Adhia

June GST collection at Rs 95,610 cr up 1,600 cr: Adhia

🕔09:52, 2.Jul 2018

New Delhi, July 2  Revenue collection under the Goods and Services Tax (GST) in June crossed Rs 95,000 crore and was higher than the average monthly collection of Rs 89,885 crore during 2017-18, the government said on Sunday. The June

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Industry satisfied with GST implementation: CII survey

Industry satisfied with GST implementation: CII survey

🕔09:43, 2.Jul 2018

New Delhi, July 2  Indian industry considers the Goods and Services Tax (GST)a step in the right direction and a majority are satisfied with its overall implementation, the Confederation of Indian Industry (CII) said on Sunday citing its own survey.

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PM Modi congratulates India on GST anniversary

PM Modi congratulates India on GST anniversary

🕔20:12, 1.Jul 2018

New Delhi, July 1 (IANS) Prime Minister Narendra Modi on Sunday congratulated the people of the nation as the roll-out of the Goods and Services Tax (GST) plan completed one year. “I congratulate the people of India on the special occasion

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GST has become bad word in business : Chidambaram

GST has become bad word in business : Chidambaram

🕔20:08, 1.Jul 2018

New Delhi, July 1 (IANS) The Congress on Sunday attacked the Modi government on the first anniversary of the Goods and Services Tax (GST), saying it has become a bad word among business persons. “The design, structure, infrastructure backbone, rate or

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