"gst"

Over the years, the basic Customs Duty has been re-imposed to the extent of 7.5 percent to 10 percent, plus IGST of 12 percent plus Cess, thus immensely impacting capital expenditure and operational costs for eye hospitals and consequently the cost of care

The GST notice highlights a growing concern about the expanding informal economy, where digital payments are increasingly bringing small businesses into the scope of taxation. Many supporters of these small vendors argue that such businesses operate on slim profit margins, making them vulnerable to the financial burden of tax compliance.

Central GST collection stands at Rs 32,836 crore, State GST at Rs 40,499 crore, IGST at Rs 47,783 crore and Cess at Rs 11,471 crore

Responding to a query from BRS member K Kavitha during the Question Hour in the Legislative Council on Wednesday, Bhatti stated that the union government had released Rs. 28,171 crore under tax devolution, Rs. 2,819 crore through Finance Commission grants, Rs. 6,442 crore under centrally sponsored schemes, Rs. 518 crore as GST compensation, and Rs. 450 crore under special assistance for backward districts to the State.

Telangana is facing a significant dip in revenue collections, with receipts for the current fiscal year lagging behind last year's collections.

Supreme Court verdict upholding States’ right to regulate taxes on industrial alcohol is a welcome step

State government's revenue receipts continue to fall short of its ambitious targets, raising concerns about its ability to manage mounting debts.

A hefty 18% GST on health insurance premiums is stifling, particularly when its life cover penetration is abysmally low

Cancer treatment can get expensive due to the long duration of treatment and the high cost of drugs, especially in cases where the drug needs to be imported as in the case of immunotherapy or targeted therapy.

Several jewellers in Hyderabad and Mumbai are allegedly trying to evade Goods Service Tax (GST) by ferrying gold and gold ornaments between Mumbai and Hyderabad without paying taxes.

The tax imposes an unfair burden on policyholders and runs contrary to the intent behind incentivising these policies

Raises concerns of Nagpur Division Life Insurance Corporation Employees Union, which had submitted to him a memorandum regarding issues of insurance industry

Weavers, who were already in crisis due to lack of orders from the State government, had pinned their hopes on getting GST exemption in this budget.

If the MSME entrepreneur flourishes, GST collections too will flourish

He also requested the Centre for exempting the extra neutral alcohol (ENA) from the purview of GST.

By selective presentation of figures, Sitharaman made a clumsy effort to paint a picture of contrast between UPA and NDA regimes

The protests from southern States must serve as a wake-up call for the Centre to correct the anomalies

This is the second-highest monthly collection ever and marks the third month in this financial year with a collection of Rs 1.70 lakh crore or more.

It is learnt that most of the States opposed the move in a meeting held to elicit their views recently. The States fear that they might lose out on receivable electricity duties if it was brought under the GST.

Both online food delivery platforms charge some money from customers in the name of delivery fees.