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"gst"

  • Union Budget: No relief for hospitality and tourism

    The hospitality segment has been among the worst hit sectors due to Covid and the occupancy rate with the hotels has fallen to around 25 per cent compared to the pre-covid times.
  • Modi plans to give assets to crony capitalist friends: Rahul Gandhi

    In a tweet after the Budget, he said, "Forget putting cash in the hands of people, Modi Govt plans to handover India's assets to his crony capitalist friends."
  • ‘Govt needs to incentivise vehicle conversion to clean fuels’

    The Indian Auto LPG Coalition has urged slashing of GST on conversion kits along with subsidy support to consumers shifting to environment-friendly fuels.
  • Get global experts to fix GST system: Montek Singh Ahluwalia

    Former Deputy Chairman of the Planning Commission of India was speaking in a virtual session on ‘The India story: How it was achieved and what to do now,’ organised by Manthan
  • Excise duty collection jumps 48 per cent

    Excise duty collection during April-November 2020, was at Rs 1,96,342 crore, up from Rs 1,32,899 crore mop-up during the same period in 2019,
  • Include natural gas under GST: Industry

    Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel
  • Three booked for GST evasion in Hyderabad

    The cases were booked for creating non-existent firms and issuing invoices without supplying goods and facilitating fraudulent availment of input tax credit by over 200 different firms and companies
  • Sensex hits 48,000 for the first time ever

    It has touched an all-time high of 48,168.22 points. Similarly, the Nifty50 on the National Stock Exchange touched a high of 14,114.15 points
  • 6.03 crore GST e-invoices generated in Dec 2020

    The government had made it mandatory for businesses with turnover of over Rs 500 crore to generate electronic invoice or e-invoice for B2B transactions, from October 1, 2020.
  • India GST rises 12 per cent to touch Rs 1.15 lakh crore

    Hyderabad: Telangana recorded a four per cent increase in GST Collections for December 2020 to Rs 3,543 crore compared to Rs 3,420 crore during the corresponding period last year. The Gross GST revenue collected across India during December 2020 stood at Rs 1,15,174 crore, which is 12 per cent higher than the GST revenues in […]
  • ICEA urges for GST and import duty cuts, PLI for laptops

    There is great interest in India with the global supply chain moving out of China, Mohindroo noted.
  • MSMEs not to be affected by mandatory 1 pc cash GST payment rule

    CBIC had last week amended rules to make it mandatory for businesses with monthly turnover of over Rs 50 lakh to pay at least 1 per cent of their GST liability in cash.
  • Move over to direct democracy

    Subjecting constitutional changes approved by Parliament to a mandatory public referendum should be the wayte
  • TS has shown way in bringing reforms: Abheek Barua

    “We have to think of ways to give poor children access to a device that enables them to access classes (may be pre-recorded) and work on improving internet penetration,” he said stressing the need to spend more on healthcare and education.
  • Centre releases Rs 429.45 crore to TS to meet GST shortfall

    Further, the State has also been granted permission to obtain an additional borrowing of Rs 5,017 crore equivalent to 0.5 per cent of its Gross State Domestic Product (GSDP)
  • APSFL launches new triple play packages

    Visakhapatnam: Andhra Pradesh State FiberNet Ltd (APSFL) has launched new triple play packages in view of increased internet usage due to work from home, online classes, etc. The packages come in the form of Rs.449 and Rs.599 inclusive of GST with internet speeds up to 30 Mbps and 50 Mbps respectively. It has also launched […]
  • GST revenues cross trillion mark for second straight month

    Collections of tax on the sale of goods and rendering of services came in at Rs 1,04,963 crore in November
  • Penalty for non-compliance with QR code provisions waived

    It would be mandatory for businesses to follow the QR code provisions from April 1, 2021 to avail this penalty waiver
  • Long road to recovery

    Centre must increase public spending to stimulate demand and strengthen growth momentum
  • Tax collection showing signs of pick up: Finance Secy

    Ajay Bhushan Pandey said the generation of e-way bills, needed for transportation of goods, is back to pre-Covid levels and online payments have risen exponentially
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