New Delhi, Feb 20 The Finance Ministry had released the 17th weekly instalment of Rs 5,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 4,730.41 crore has been released to 23
New Delhi, Feb 16 The Ministry of Finance on Monday released the 16th weekly instalment of Rs 5,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 4,597.16 crore has been released
New Delhi, Jan 29 The Shopping Centres Association of India (SCAI) has sought financial waivers, a loan moratorium for the sector along with easing of income tax norms in the upcoming Union Budget. In its budget recommendations, the industry body
New Delhi, Jan 22 A company is liable to pay Goods and Services Tax (GST) on remunerations paid to Independent Directors on a reverse charge basis. The Rajasthan Appellate Authority on Advance Ruling (AAR) has also clarified that the parts
New Delhi, Jan 9 The Narendra Modi government has come up with a list of 42 big reforms or initiatives it has brought after coming to power in 2014 for the betterment of the country. The government has decided to
New Delhi, Dec 26 Traders’ body Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to defer the implementation of ‘Rule 86-B’ in GST, scheduled to be implemented from January 1, 2021. In a letter to the Finance
New Delhi, Dec 26 The government’s decision on mandatory payment of at least 1 per cent of GST tax liability in cash will impact only around 40,000 to 45,000 taxpayers but help the entire system curb the menace of fake
New Delhi, Dec 3 EEPC India on Wednesday sought easing of GST refund rules to reduce difficulties faced by engineering exporters in the midst of the Covid-19 pandemic. The engineering exporters body brought out the issue of procedural bottlenecks that
New Delhi, Nov 26 The National Anti-Profiteering Authority (NAA) has imposed a fine of over Rs 241.5 crore on P&G Home Products, P&G Hygiene and Healthcare and Gillette India Ltd for not passing on benefits of GST rate cut to
New Delhi, Nov 4 At least two out of the five petroleum products, including aviation turbine fuel or ATF and natural gas, are likely to be among the first set of petro products to be included in the Goods and
New Delhi, Oct 27 In a sign that economic revival is getting more pronounced in the unlock phases, country’s goods and service tax (GST) collections set to cross the Rs 1 lakh crore mark for the first time during this
New Delhi, Oct 5 The Karnataka Appellate Authority of Advance Ruling (AAAR) has given a ruling that the 18 per cent Good and Services Tax (GST) applicable on whole wheat parantha or parota (fried flat bread) and Malabar Parota is
New Delhi, Oct 1 The Central Board of Indirect Taxes and Customs (CBIC) has announced a 30 day grace period for those businesses which are not yet ready for GST e-invoicing which comes into effect from Thursday, October 1. In
New Delhi, Sep 19 The net direct tax collection in April-August period of the current fiscal was 31.1 per cent lower on year-on-year (YoY) basis at over Rs 1.92 lakh crore, according to data provided by Minister of State for
New Delhi, Sep 16 Engineering export body EEPC India on Wednesday said that pending GST refunds along with MEIS dues are hurting exporters. According to EEPC India, besides fighting a battle for survival in the Covid-19 hit global market, exporters
New Delhi, Sep 8 The Centre has reached out to the states again clarifying that it would pay entire GST compensation dues to them amid the mounting opposition over the borrowing options proposed in lieu of the shortfall in indirect
New Delhi, Sep 3 N.K. Singh, the Chairman of the 15th Finance Commission, along with the other members, will hold a day-long meeting with the Economic Advisory Council of the commission on Friday. An official statement on Thursday said that
Raipur, Sep 3 Chhattisgarh recorded a 6 percent higher collection of Goods and Services Tax (GST) in August this year, compared to the same month last year. The state’s GST collection was Rs 1,873 crore last year, which rose to
New Delhi, Sep 2 The Covid-19-induced shrinking of economic activity for the past few months has continued to have an impact on the government’s tax collections with revenue under the Goods and Services Tax (GST) falling far below the psychological
New Delhi, Aug 31 As several states continue to oppose the borrowing options proposed in lieu of the GST compensation, the Centre has told states that central revenues have been under greater strain compared to GST revenue. In a letter
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