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Tax issues: Communication gap between Centre and officials

Tax issues: Communication gap between Centre and officials

🕔10:29, 19.Aug 2019

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

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GST Council slashes tax on EVs and EV chargers

GST Council slashes tax on EVs and EV chargers

🕔13:20, 27.Jul 2019

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

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Union Budget 2019-20 : Taxation Proposal

Union Budget 2019-20 : Taxation Proposal

🕔13:37, 5.Jul 2019

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

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Streamlining GST should be government’s key focus

Streamlining GST should be government’s key focus

🕔13:23, 4.Jul 2019

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.

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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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With new government, hopes of early inclusion of gas, ATF into GST fold brightens

With new government, hopes of early inclusion of gas, ATF into GST fold brightens

🕔08:10, 28.May 2019

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

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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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Mass consumption items cheaper from the New Year with GST cut

Mass consumption items cheaper from the New Year with GST cut

🕔06:46, 2.Jan 2019

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

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Karnataka CM seeks extension of GST compensation till 2025

Karnataka CM seeks extension of GST compensation till 2025

🕔21:42, 27.Dec 2018

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

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GoM to look into anomaly in GST collection in states : Jaitley

GoM to look into anomaly in GST collection in states : Jaitley

🕔21:47, 22.Dec 2018

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

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GST evasion of Rs 12,766 cr detected in April-November

GST evasion of Rs 12,766 cr detected in April-November

🕔11:40, 19.Dec 2018

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

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Direct tax collections at Rs 6.75 lakh cr till November

Direct tax collections at Rs 6.75 lakh cr till November

🕔13:21, 10.Dec 2018

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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GST likely to have 3-rate structure in future : Bibek Debroy

GST likely to have 3-rate structure in future : Bibek Debroy

🕔18:11, 27.Oct 2018

New Delhi, Oct 26 (IANS) The current four-slab GST rate structure is likely to be reduced to three as the process of rationalising India’s new indirect tax regime proceeds further, the Prime Minister’s Economic Advisory Council (PMEAC) Chairman Bibek Debroy said

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IndiGo to add Male, Phuket in its network from November

IndiGo to add Male, Phuket in its network from November

🕔15:05, 7.Oct 2018

Fuel under GST to affect states’ New Delhi, Oct 6 (IANS) Opposing the idea of bringing fuel products under the Goods and Services Tax (GST), three Chief Ministers from different political parties on Saturday said it would have a negative impact

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GST collection crosses Rs 94,000 cr in September

GST collection crosses Rs 94,000 cr in September

🕔14:29, 1.Oct 2018

New Delhi, Oct 1 Despite reduced tax rates on several items, revenue collection under the Goods and Services Tax (GST) stood at Rs 94,442 crore in September after sliding to Rs 93,960 crore in August. “The revenue collected in September

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22.5 crore e-way bills generated since rollout: GSTN

22.5 crore e-way bills generated since rollout: GSTN

🕔07:04, 15.Sep 2018

New Delhi, Sep 15  Around 22.5 crore e-way bills have been generated across India till September 13 since the new electronic billing system was introduced on April 1, the Goods and Services Tax Network (GSTN) said on Friday. It added

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