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Thursday, January 20, 2022

Good and Services Tax

GOOD AND SERVICES TAX NEWS

Remove "distortions" in GST Act before bringing petrol, diesel under GST: Moily

March 25, 2021 5:44 pm

The former Karnataka Chief Minister alleged "distortions" in the GST Act in the context of "procedures, unnecessary taxation and tax rates putting additional burden on traders, their harassment and corruption".

Centre, states need to think about reducing taxes on petrol, diesel: Anurag Thakur

March 15, 2021 3:52 pm

"The state governments should reduce taxes on petrol, we (the Centre) will also try to reduce tax on petrol. "Both the Centre and the states need to think about it (reducing taxes on petrol)," said Anurag Thakur.

2nd tranche: Centre to transfer Rs 6,000 crore to 16 states and 3 UTs

November 03, 2020 1:02 am

This round of borrowing was done at an interest of 4.42 per cent, which is lower than the cost of borrowings for the states and UTs, thus benefiting them, the Finance Ministry said.

Rs 1.05 lakh crore: GST collections up again, now at 8-month high

November 02, 2020 6:53 am

But overall, data show y-o-y 20.2% decline during April-October

Centre citing Act of God unusual, could affect range of contracts: Experts

September 05, 2020 4:00 am

The invocation of force majeure can possibly be also done for payment of salaries but experts said statutory obligation to pay salaries remains sacrosanct.

Gujarat decides to amend state GST Act to provide relief

April 08, 2020 4:40 pm

"The cabinet decided to make changes to the state GST Act and increase the time duration for filing returns. Details will be announced after a notification in this regard is made," said Ashwini Kumar, secretary to chief minister while addressing media persons at Gandhinagar.

Govt relaxes e-way bill deadline, defers restriction of input tax credit

April 04, 2020 2:57 pm

With hundreds of trucks getting stranded across the country since March 15, The Indian Express had reported April 1 about transporters raising concerns over potential penalties arising from expired e-way bills.

Explained: Government’s GST collections in May remain above Rs 1 lakh crore

June 02, 2019 1:49 am

The revenue in May, 2019 is only 2.21 per cent higher than the monthly average of Rs 98,114 crore of GST revenue in financial year 2018-19, the finance ministry said.

Piyush Goyal urges traders to expose tax evaders

July 06, 2018 10:27 pm

The minister said the GST implementation took a lot of hard work including the suggestions of business community and consent of political parties.

Haryana departments to start GST registration from July 25

July 19, 2017 8:31 pm

Twelve sectoral groups, which include banking, financial services and insurance, telecom, IT, e-commerce and logistics, have been formed for he implementation of GST. So far 2,07,838 dealers have successfully enrolled under GST migration and by July 31.

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