Search For "and services tax"
India's inflation could dip to 5 pc by March: SBI Research Report
Updated : 3 years, 10 months ago IST
New Delhi [India], July 14 (ANI): There is only 20-30 per cent likelihood of a global recession and chances of prolonged stagflation in the economy seem more, according to State Bank of India research report Ecowrap's latest edition, which has projected that India's inflation rate is expecte
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GST State Enforcement Wing busts ITC fraud of Rs 311 crore
Updated : 3 years, 11 months ago IST
Bhubaneswar (Odisha) [India], July 7 (ANI): The State Goods and Services Tax (GST) Enforcement Wing of Odisha has unearthed a network of 24 fictitious firms generating fake invoices without the supply of goods and passing fake Input Tax Credit (ITC) to multiple beneficiaries.
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India's PLI scheme has potential to add 4 pc to GDP annually: Report
Updated : 3 years, 11 months ago IST
New Delhi [India], July 6 (ANI): The Centre's production-linked incentive (PLI) scheme has the potential to add nearly 4 per cent to GDP in terms of incremental revenues, says a report.
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Rationalisation of GST rates priority for govt: Revenue Secretary Tarun Ba
Updated : 3 years, 11 months ago IST
New Delhi [India], July 5 (ANI): Simplification of Goods and Services Tax (GST) law, rationalisation of rates, and removal of tax inversion are among the priority for the government of India, Tarun Bajaj, Revenue Secretary, Ministry of Finance, said on Tuesday.
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GST collections for June at Rs 1.44 lakh crore, up 56 pc year-on-year
Updated : 3 years, 11 months ago IST
New Delhi [India], July 1 (ANI): Goods and Services Tax collection for the month of June 2022 came in at Rs 1.44 lakh crore, a 56 per cent rise from the same month last year.
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GST rates hiked for LED lights, solar water heaters, tetra packs
Updated : 3 years, 11 months ago IST
Chandigarh [India], June 29 (ANI): After the recommendations that were taken up in the two-day 47th GST Council meeting in Chandigarh on Wednesday, the Goods and Services Tax (GST) were hiked for numerous items including LED lamps, solar water heater and various job works, informed the offic
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Reduce GST on drugs, make available indigenous vaccines for affordable can
Updated : 3 years, 11 months ago IST
New Delhi [India], June 27 (ANI): Parliamentary panel on Tuesday suggested a reduction in Goods and Services Tax (GST) for drugs and making available indigenous vaccines for affordable treatment of Cancer patients in the country, sources said.
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Government extends GST compensation cess levy till March 2026
Updated : 3 years, 11 months ago IST
New Delhi [India], June 25 (ANI): The Union Finance Ministry has notified the goods and services tax (GST) compensation cess extension till March 2026.
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GST revenue collection for May jumps 44 per cent to Rs 1,40,885 crore
Updated : 4 years ago IST
New Delhi [India], June 1 (ANI): The gross revenue collection from goods and services tax (GST) surged to Rs 1,40,885 crore in May 2022, posting a year-on-year increase of 44 per cent, the government data showed on Wednesday.
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Centre, States are conferred equal power to legislate on GST, says SC
Updated : 4 years ago IST
New Delhi [India], May 19 (ANI): The Supreme Court on Thursday said that the Centre and States are conferred equal power to legislate on Goods and Services Tax (GST) matters.
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GST compensation period should be increased by three years: Congress
Updated : 4 years ago IST
Udaipur (Rajasthan) [India], May 14 (ANI): Former Union Finance Minister and senior Congress leader P Chidambaram on Saturday said that the Centre should extend the Goods and Services Tax (GST) compensation period by at least three years.
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GST collection touches record high at Rs 1.68 lakh crore in April
Updated : 4 years, 1 month ago IST
New Delhi [India], May 1 (ANI): The Ministry of Finance on Sunday informed that the Goods and services tax (GST) collections have touched an all-time high of over Rs 1.68 lakh crore in April as the country witnessed an improvement in economic activities.
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