Saturday, Jul 11, 2026

"gst"

  • WazirX fined Rs 49.20 cr for tax evasion worth Rs 40.5 cr

    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 […]

  • Centre heeds to Telangana demand on rolling back GST hike on Textiles

    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 […]

  • GST Council defers rate hike on textiles

    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.

  • Reconsider decision to increase GST on textiles, handlooms: KTR to Centre

    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 demand Centre to revoke GST hike

    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 […]

  • Nalgonda: Cloth merchants down shutters in protest against GST hike

    Nalgonda: Shop owners at SPT Market, the biggest textile market in the district, downed shutters on Tuesday and staged a dharna protesting against the Centre’s decision to hike GST on textiles to 12 per cent from the present five per cent. They participated in the protest demonstration under the aegis of Nalgonda District Cloth Merchants […]

  • Peeyush Jain a man of simplicity, recall neighbours in Kannauj

    New Delhi: Businessman Peeyush Jain, who has been arrested for evasion of Goods and Services Tax (GST), was a man of simplicity, according to locals in Kannauj, his hometown. He rides an LML scooter in the city and has been seen arriving at weddings and other functions wearing kurta-pyjamas with rubber slippers, said neighbours in […]

  • Reduce GST on mobile phones to 12%, ICEA writes to state CMs

    New Delhi: The India Cellular and Electronics Association (ICEA) said on Tuesday that it has written to various state chief ministers to reduce the GST rates on mobile phones to 12 per cent and on mobile parts and components to 5 per cent. The 12 per cent GST rate on mobile handsets had increased tax […]

  • Editorial: Rural unemployment alarming

    Though there is a significant rebound in the economic activity following the lifting of pandemic-related restrictions, the expectations of a quick recovery must be tempered in tune with ground realities. While the big jump in the GST collections is a positive development, several parameters — inflation, unemployment, subdued private consumption and investment and a crippling […]

  • Swiggy, Zomato to collect 5% GST on deliveries, food not to get dearer

    Such food delivery apps will now be required to collect 5 per cent GST, or Goods and Services Tax, from consumers instead of the restaurant they pick up orders from, Finance Minister Nirmala Sitharaman said on Friday.

  • Telangana to seek early release of GST compensation

    Hyderabad: Telangana will seek early release of pending GST (Goods and Services Tax) compensation to the State at the 45th GST Council meeting scheduled to be held at Lucknow in Uttar Pradesh on September 17. The State government, which had strongly opposed the Centre’s attempt to impose ‘backdoor GST’ on liquor in the name of […]

  • GST revenue at over Rs 1.16 lakh cr in July

    Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore.

  • Airbus India put under 18% GST for services supply to French parent

    The ruling once highlights deep divide between the industry and revenue department over qualification of intermediary service.

  • Bring petrol under GST regime, FKCCI appeals to FM

    In addition to this, the FKCCI demanded that the banks and financial institutions should not insist for additional collateral security while providing stimulus to other economic sectors such as garment, hospitality, education etc.

  • GST reduced tax rate, increased compliance: Finance Ministry

    Under GST, businesses with an annual turnover of up to Rs 40 lakh are exempt from the tax.

  • Post GST, drug firms must cut prices: NPPA

    Drug pricing regulator says companies must pass on the benefit to customers.

  • Telangana asks Centre to increase FRBM limits

    Union Finance Minister Nirmala Sitharam responded positively and assured to consider the suggestion from Telangana State

  • GST Council cuts tax on COVID-19 medicines, equipment

    Tax on medical grade oxygen, oxygen concentrators, ventilators, BiPAP machines and high flow nasal cannula (HFNC) devices has been cut to 5 per cent from 12 per cent.

  • Finance Minister to chair GST Council meet on Saturday

    The Council will discuss the report of the Group of Ministers, headed by Meghalaya Deputy Chief Minister Conrad Sangma, on GST concessions on relief items.

  • GST Council to meet on June 12 to decide tax cut on COVID essentials

    The Council, which has state ministers as members, a Group of Ministers (GoM) was set up to recommend tax relief on Covid essentials.

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