Wed, Oct 30, 2024
The insurer has received communication/ demand order for Goods & Service Tax, Interest and penalty for Jharkhand on October 30, LIC said in a regulatory filing.
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Sat, Oct 19, 2024
The final decision in this regard will be taken by the GST Council Officials premiums paid for health insurance coverage of above Rs 5 lakh will continue to attract 18 per cent GST.
Fri, Sep 27, 2024
With just one-and-a-half year remaining for the cess to end, the GST Council in its 54th meeting on September 9 decided to set up a GoM to decide the future course of the cess.
Fri, Aug 30, 2024
Zomato faces a GST tax demand of over Rs 4.59 crore from Tamil Nadu and West Bengal authorities, including penalties and interest. The company plans to appeal the adjudication orders, asserting it has a strong case.
Fri, Aug 23, 2024
On Friday, August 23, 2024, the SBI Life stock performed on a negative bias, and fell as much as 0.69 per cent in early trade after this action, according to the BSE website.
Tue, Jul 02, 2024
The collection in June is higher than the Rs 1.73 lakh crore collected in May 2024.
Mon, Jun 24, 2024
According to the Central Board of Indirect Taxes and Customs' (CBIC) data, a majority of household items, including flour, cosmetics, televisions and refrigerators, have become cheaper after the GST implementation.
The unions also asked the government to stop the privatisation drive of PSUs, scrap the new pension scheme and restore the old pension scheme (OPS).
"For us, reforms are a means to improve the lives of 140 crore Indians. After the introduction of GST, goods for household use have become much cheaper."
Sat, Jun 01, 2024
The country's gross GST collections rose to Rs 1.73 lakh crore in May, growing 10 per cent year on year driven by increased revenues from domestic transactions, the finance ministry said on Saturday.
Thu, Jan 11, 2024
The ministry said in a statement, "DGGI has achieved an increase in detection of cases of evasion and voluntary payments. In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs 1,98,324 crore with a voluntary payment of Rs 28,362 crore. 140 masterminds involved in GST evasion were arrested."
Sun, Jan 07, 2024
In the October-December quarter, 4,153 bogus firms that involved suspected ITC evasion of around Rs 12,036 crore were detected. As many as 2,358 of these bogus firms were detected by the Central GST Authorities. Maharashtra topped the list with 926 bogus firms detected, followed by Rajasthan (507), Delhi (483), and Haryana (424).
Mon, Dec 11, 2023
Responding to a question in the Lok Sabha raised by a Member of Parliament whether "various retail traders are overcharging the customers and are remitting lesser Goods and Services Tax (GST) to the Government by presenting inflated bills after charging GST over MRP", the minister stated that "no specific case of such type has come to the notice of any Central Tax formation."
Fri, Dec 01, 2023
Revenues for November 2023 are 15 per cent higher than the GST revenues in the same month last year and the highest for any month year-on-year during 2023-24, up to November 2023, the ministry said.
Thu, Oct 05, 2023
The fitment committee of the Goods and Services Tax (GST) Council, at a meeting, rejected the industry request for reducing the GST rate on lithium-ion batteries for electric vehicles from 18 per cent to 5 per cent.
Fri, Sep 01, 2023
The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion, Revenue Secretary Sanjay Malhotra said.
Thu, Aug 17, 2023
GST Network (GSTN) has started scouting for a consultancy firm to prepare the bid document for the selection of a new service provider and a roadmap for transitioning the system capacity to the next level -- GST 2.0.
Sun, Jan 22, 2023
According to the experts, the Budget 2023-24 may benefit the sector significantly as the government intends to provide a significant boost to manufacturing while focusing on increasing private investment and exports.
Wed, Sep 28, 2022
"The collection in September is likely to be little more than Rs 1.45 lakh crore. Improved business activity is expected to yield better collections in coming months," the official said.
Mon, Aug 15, 2022
Last month, the finance ministry had last month circulated a paper suggesting changes in the monthly GST payment form and sought industry comments by September 15.
Wed, Aug 10, 2022
The share of states in the Central taxes -- at the aggregate level of 41 per cent -- was decided by the 15th Finance Commission. Typically, this is transferred in 14 installments in a fiscal year.
Wed, Jul 20, 2022
It was decided that a letter signed by representatives of 100 markets would be sent to the prime minister demanding withdrawal of the GST imposed on food items.
Fri, Jul 08, 2022
The GST Council on Friday created a GoM for the GST Tribunal. In this, a Group of Ministers has been constituted on the Goods and Services Tax Appellate Tribunal. Zee Business Tarun Sharma's report.
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