New Delhi, Jan 24 In a big relief to the oil sector, government may allow producers of petroleum and natural gas to claim credit for GST on all inputs, input services and capital goods being paid by them even though
New Delhi, Jan 7 (IANS) With the narrative shifting from rate increase to tightening the GST system, the government has finalised a slew of measures to curb evasion, including investigation of major fraud cases by Income Tax department (I-T) and frequent
New Delhi, Dec 1 Festive season demand helped the government collect Rs 1.03 lakh crore in goods and services tax (GST) in the month of November, up 6 per cent over the same month last year. The positive growth, a
Houston, Sep 23 Describing the changing scenario of the Indian economy and the targets set by the government at the ‘Howdy, Modi!’ event here on Sunday, Prime Minister Narendra Modi spoke of cheap data prices in the country, the Goods
New Delhi, Aug 19 Even as the government tries to ease the ‘tax concerns’ of corporates, the bureaucracy still seems to be stuck in its old ways. Although the Prime Minister and the Finance Minister have recently observed that unnecessary
New Delhi, July 27 Close on the heels of Union Budget providing tax relief for buying electric vehicles (EVs), the GST Council in its 36th meeting on Saturday cut the tax on electric vehicles from 12 per cent to 5
By TN Ashok Income tax exemption limit raised to : Rs. 5 lakhs from Rs 3 lakhs Due to slew of efforts taken by government i the last five years direct taxes have grown by 78% from rs 6.38 lakhs
In the context of the Union Budget, we need to analyse what big-ticket items have been missed since the introduction of GST. Potential micro-level changes needed to improve the efficacies of the historic tax initiative also need to be examined.
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
New Delhi, May 27 (IANS) At least two out of five petroleum products, including the aviation turbine fuel or ATF and natural gas, are likely to be among the first set of petro products to be included in the GST ahead
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
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
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
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
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
New Delhi, Jan 2 Items of mass consumption items got cheaper from the New Year on Tuesday after the government notified the reducted GST rates decided by the GST Council at its meeting here late last month. At its 31st
New Delhi/Bengaluru, Dec 27 (IANS) Karnataka wants the Central government to extend compensation of the Goods and Services Tax (GST) to the state till 2025 from 2022 as stipulated, said Chief Minister H.D. Kumaraswamy on Thursday. “Kumaraswamy asked Union Finance Minister
New Delhi, Dec 22 (IANS) The Goods and Services Tax (GST) Council on Saturday decided to form a seven-member Group of Ministers (GoM) to study anomalies in tax collection in some of the states which showed wide deviation from what was
New Delhi, Dec 19 A total of 3,196 cases of Goods and Services Tax (GST) evasion amounting to Rs 12,766 crore have come to light in the first eight months of the current financial year, the Ministry of Finance said on
New Delhi, Dec 10 Showing an increase of 15.7 per cent over the last year, the gross direct tax collections till November stood at Rs 6.75 lakh crore, according to provisional figures released on Monday. This was despite a 50
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