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Hyderabad: He is crisscrossing the length and breadth of the country to seek the support of 100 Members of Parliament (MPs) from all parties to prevail upon the Central government to abolish GST on handlooms. Carrying a huge cotton fabric, Akhila Bharatha Padmashali Sangham chairman Y Venkanna Netha visits the MPs at their residences and […]

New Delhi: The gross revenue collection from goods and services tax (GST) surged to Rs 1,40,885 crore in May 2022, posting a year-on-year increase of 44 per cent, the government data showed on Wednesday. This is the third consecutive month when the gross GST collection is over Rs 1.40 lakh crore mark. The gross GST […]

By Dr Ranjith Reddy The process of formulating one-nation-one-tax started long ago but reached its logical conclusion by bringing the entire country under a unified indirect taxation system and, at the stroke of midnight of June 30/July 1st, GST, the biggest and landmark indirect tax reform in Independent India, became a reality. Prime Minister Narendra […]

The Supreme Court’s ruling that the States and the Centre can equally legislate on matters of Goods and Services Tax (GST) is a welcome development. This upholds the spirit of cooperative federalism, for which the States like Telangana have been steadfastly fighting. In fact, Telangana Chief Minister K Chandrashekhar Rao has been at the forefront […]

Hyderabad: The Centre’s discrimination against Telangana and its persistent refusal to cooperate with the State government for the uplift of weavers’ community in the State is proving to be dangerous for the textiles sector, TRS working president and Textiles Minister KT Rama Rao said on Sunday. He slammed the BJP government for its inefficient administration […]

Hyderabad: The TRS party has demanded withdrawal of GST on handlooms garments and opposed the anti-weavers policies adopted by the Central Government. In the past, no other Government had imposed GST on handloom garments and in 2017 Prime Minister Narendra Modi had imposed five per cent GST and was planning to increase it to 12 […]

Hyderabad: This could be a silent killer. Counterfeit refrigerants, which are being used in place of genuine refrigerants in air conditioners and other cooling processes, are turning out to be an unknown but major threat with many small scale dealers and retailers turning to these, and in the process, ignoring safety. With some going to […]

Hyderabad: Finance Minister T Harish Rao here on Wednesday slammed the Centre for its discrimination against Telangana in sanctioning projects and funds. Stating that the Central government failed to fulfill its promises made to Telangana, he said that latter did not take any steps for setting up of Bayyaram steel plant in Mahabubabad, railway coach […]

Hyderabad: Less than a week before Telangana introduces its budget for 2022-23 in the Assembly on March 7, the GST revenue in the State presented a promising picture with an impressive 18 per cent growth in 2021-22 at the end of February. The State’s cumulative GST collections stood at Rs 28,987.39 crore as on February […]

By Mahitha Lingala A country with a magnitude as much as that of India thrives only when both levels of governments, in the States as well as the Centre, work in tandem towards prosperity. Cooperative federalism is a work in progress in India. Despite powers being divided asymmetrically in the Constitution, India is a Union […]

It rides on rhetoric and has little substance to combat either inflation or facilitate growth

Warangal: In a major breakthrough, the Commissioner’s Task Force sleuths along with Lingala Ghanpur police arrested two marijuana peddlers and seized a whopping 1,577 kg of dry ganja with an estimated worth Rs 2,36,55,000 (Rs 1,5000 per kg) after intercepting a van (AP-28-TD-0483) at Nellutla crossroad in Jangaon district under Warangal Police Commissionerate jurisdiction on […]

Mumbai: The country’s largest lender State Bank of India said on Tuesday it has decided to enhance the free IMPS online transactions limit to Rs 5 lakh from the Rs 2 lakh in order to encourage customers to adopt digital banking. SBI said in a statement that it will not levy any service charge on […]

Hyderabad: If you are a food lover or regularly order food online, you are going to feel the pinch when you place your next order with food aggregators such as Swiggy or Zomato. Effective January 1, food aggregators will have to collect and deposit tax at five per cent, as food vendors who are currently […]

New Delhi: GST revenue collected in December 2021 was over Rs 1.29 lakh crore, 13 per cent higher than the same month last year, the Finance Ministry said on Saturday. Though the collection was lower than Rs 1.31 lakh crore mopped up in November, December is the sixth month in a row when revenue from […]

Mumbai: GST Mumbai East Commissionerate of Mumbai Zone on Friday detected a GST evasion worth Rs 40.5 crores and recovered Rs 49.20 crores in cash pertaining to GST evaded, interest and penalty from the cryptocurrency exchange WazirX. As per a press release from the Commissionerate, the detection was made while investigating the business activities of the […]

Hyderabad: In a victory of sorts to Telangana, the GST Council has decided to defer the tax rate hike on textiles from 5 per cent to 12 per cent. The new GST rate on textiles was scheduled to be implemented from January 1, 2022. The hike to 12 per cent on the textiles met with […]

The decision to defer the GST rate hike on textiles was taken in the 46th GST Council meeting held in the national capital under the chairmanship of Union Finance Minister Nirmala Sitharaman.

Hyderabad: Textiles Minister KT Rama Rao on Thursday demanded that the union government withdraw its decision to increase GST on textile and handlooms sector. In a letter to union Finance Minister Nirmala Sitaraman, the Minister appealed to her to take up this proposal forward in the GST council meeting which will be chaired by her […]

Siddipet: Weavers Welfare Association, Siddipet, has demanded that the union government take back its decision to increase GST on textiles and handlooms from the existing 5 per cent to 12 per cent to save the weavers community. Weavers from the Siddipet district gathered at Finance Minister T Harish Rao’s house in Siddipet on Wednesday to […]