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Tuesday, August 09, 2022

Goods and Service Tax (GST)

GOODS AND SERVICE TAX (GST) NEWS

Centre’s silence on GST compensation end lends hope to Punjab’s dry coffers

July 17, 2022 12:49 am

The GST compensation regime officially came to an end on June 30, but even a fortnight later, the Centre is yet to send an official letter to the states stating the same.

Defer GST on unbranded pre-packaged food items, GCCI writes to FM

July 15, 2022 11:43 pm

Pathik Patwari, GCCI President stated that "it is not the appropriate time" for the GST imposition "due to the potentially hazardous consequences" on the common man.

Panel pitches nixing of GST exemptions on host of items

June 22, 2022 8:04 am

A review of hotel tariffs is also expected to be a part of the recommendations, with lower-tariff hotels also likely to be brought under the GST ambit. The panel is also likely to have suggested a review of the unbranded food items, which at present do not attract GST.

Making sense of the GST bonanza

May 27, 2022 8:45 am

Ishan Bakshi writes: Revenue collections have been rising. The challenge for Centre and states is to ensure that this continues

Two arrested by GST dept in separate cases

May 19, 2022 7:46 am

“It was found that Shashank Vaidya has issued fake invoices or bills of about Rs 88 crore through five shell companies, along with SS Services owned by Sayali Parulekar, causing a revenue loss of Rs 16 crore,” a GST official said.

Opposition says non-BJP states not getting GST dues, Nirmala Sitharaman says don’t politicise

March 17, 2022 11:36 am

Finance Minister Nirmala Sitharaman on Tuesday told Rajya Sabha the central government follows a “prescribed formula” and does not “politicise” distribution of funds.

Construction of new GST building to start next month

March 13, 2022 8:37 am

The Maharashtra State Road Development Corporation (MSRDC) is executing the project. The building will come up in the Wadala area at an estimated cost of Rs 1,810 crore.

Insurers push for cut in GST on health policies

January 24, 2022 12:18 am

🔴 The health sector has become the fastest growing segment in the insurance sector after the pandemic hit

Industry representatives welcome decision to postpone GST hike on textile products

January 01, 2022 12:12 am

Since the last month, the textile industry players in Surat and other parts of the country had been opposing the GST council’s decision of GST hike on textile goods.

GST hike on textiles to cause closure of 1 lakh units: Amit Mitra

December 25, 2021 4:33 am

🔴 Mitra has urged Nirmala Sitharaman to call a GST Council meeting urgently and roll back the proposed hike on textile products from 5 per cent to 12 per cent under GST.

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