While the Centre’s GST revenue is estimated to be less by around Rs 70,000 crore from the revised estimate for 2018-19, on the direct tax front, the collections are learnt to have slipped by around Rs 30,000-35,000 crore.
Leader of Janata Dal (United) Pavan Varma said that there was “political unanimity” that a “some kind of substantial tax reform” was required, but agreed that the implementation could have had been better.
With the recent defeat of the BJP in three states, the composition of the Council has changed and the central ruling party will require support in case all Opposition-ruled states decide to vote against the proposal.
The order was passed based on an e-mail complaint filed by a customer that Jubilant FoodWorks had not reduced the prices of ‘Dominos Stuffed Garlic Bread’ and ‘Medium Veg Pizza’ despite a cut in GST rate from 18 per cent to 5 per cent.
The Finance Ministry in a statement on Thursday had said that total gross GST revenue collected in January crossed Rs 1 lakh crore mark, terming it as a “significant improvement” over collection of Rs 94,725 crore last month and Rs 89,825 crore during the same month last year.
The accused would pay Rs 5,000 to Rs 10,000 to the proprietors per month for using their documents and running the firms in their names, while also receiving one per cent of invoice value as commission from the other firms to whom he issued the fake invoices.
In a report, Wood Mackenzie said India's oil demand growth recovered strongly in 2018, overcoming the aftermath of the implementation of Goods and Services Tax (GST) and demonetisation, and contributed 14 per cent of the global demand growth or 2,45,000 barrels per day.
Thousands of farmers from across the country have taken to the streets. ‘Dilli chalo’ is their slogan. What do they want? And is agrarian distress this government’s biggest problem? Harish Damodaran explains.
Bengal FM Amit Mitra talks about demonetisation, the problems with GST, failing Centre-state relations, the need for protecting and building institutions such as the RBI and CBI, investments in the state, and what the BJP “doesn’t get about Bengal".