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Cash-strapped Punjab may have to delay salaries yet again

Cash-strapped Punjab may have to delay salaries yet again

This would be for the third time in the 10-month rule of the Congress-led government that the salaries would be delayed.

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PM Modi hard sells pro-farmer budget proposals

Asserting that the government is changing the way agriculture sector operates, the prime minister said efforts are being made to build a new culture that will empower farmers.

Meeting with GSTN officials: Industry for quarterly returns, fungibility of cash balance

Committee on GST returns simplification to submit report by end of the month

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No GST on food served by hospitals to in-patients

In a set of FAQs, the Revenue Department also clarified that no Goods and Services Tax (GST) would be levied on services provided by senior doctors/consultants/technicians hired by the hospitals as these are covered under healthcare services.

fitch on bank recapitalisation

ITIs to offer 100 hour course on GST for commerce graduates

In Gujarat, there are a total 287 ITI centres. And the course will be available at each of these centres. The course on GST will be one of the service sector-related courses of the ITIs.

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If voted to power, Congress will simplify GST: Rahul Gandhi

Rahul Gandhi, who has been highly critical of the manner in which the tax was implemented, said that a ‘huge amount’ of confusion related to the Goods and Services Tax (GST) would also be removed.

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GST not tax-friendly, put requisite mechanism in place: Bombay HC to govt

The observations came while the bench was hearing a petition filed by Abicor and Benzel Technoweld Pvt Ltd, a company engaged in the manufacture of robotic and automation equipment.

Budget Session 2018 Live Updates: Parliamentary proceedings continue in both houses

Motion of Thanks in Lok Sabha: You waive loans of big people, not of farmers, Opposition targets govt

Congress floor leader Mallikurjan Kharge said the BJP had failed to deliver on its promises, and that first demonetisation had resulted in jobs losses, followed by hardships caused by GST.

Composition Scheme: Govt ‘surprised’ over low turnover reported by dealers

Finance secretary Hasmukh Adhia said if the annual turnover of a company is Rs 5 lakh, why would it register under GST. He said the government was not aware about the low sales figures reported by composition scheme dealers.

Initial revenue sacrifice to increase GST compliance: Hasmukh Adhia

The highest number of GST registrants are in Maharashtra, Uttar Pradesh, Tamil Nadu and Gujarat. GST collections in September were over Rs 92,150 crore, October – Rs 83,000 crore, November – Rs 80,808 crore and December – Rs 86,703 crore

Amit Shah parliament speech

Better to sell pakodas than be unemployed, says Amit Shah in maiden Parliament speech

Amit Shah’s motion of thanks to the President was basically a report card of the Narendra Modi regime’s four years in power and was interspersed with moments of flaying Congress

Hasmukh Adhia said personal income tax collections will have to go up for any further revision in the corporate tax rate.

Foolproof technological system will help govt to remove ‘unevenness’ in tax compliance: Hasmukh Adhia

Hasmukh Adhia said that the advance corporate tax data shows that balance sheets of companies in the organised sector have improved under GST at the cost of initial revenue losses to the government.

E-way bill rollout deferred: Technical glitches in implementation confirm industry fears

E-way bill system: Tax authorities will have the power to check the e-way bill for discrepancies at any point during the transportation of goods. However, the industry is of the opinion that the e-way bill system will not completely stop tax evasion.

‘GST is providing a platform, we need to handhold, support small businesses as they get organised’

The Goods and Services Tax (GST) Council is deliberating on the issue of simplification of return filing process so as to ease the compliance burden. Very soon, there would be a simple and easy return filing process in place.

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Senior GST officer held by CBI for taking bribes to help evade tax

GST Commissioner Sansar Chand, who is an IRS officer, reportedly got, among other things, a television set, a mobile phone and a fridge delivered to his Defence Colony home in Delhi by the companies.