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Refusal of GST compensation to States betrayal on part of Centre: Sonia Ga
Updated : 5 years, 9 months ago IST
New Delhi [India], Aug 26 (ANI): Congress interim President Sonia Gandhi on Wednesday hit out at the Centre and said that refusal to pay Goods and Services Tax (GST) compensation to States is nothing short of betrayal on the part of the Narendra Modi government.
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Sonia Gandhi to hold meeting with CMs of Congress-ruled states today to d
Updated : 5 years, 9 months ago IST
New Delhi [India, Aug 26 (ANI): Congress interim president Sonia Gandhi will hold a virtual meeting on Wednesday (today) with Chief Ministers of Congress-ruled states and their counterparts of West Bengal, Maharashtra and Jharkhand on issues of Goods and Services Tax (GST) dues of states
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Punjab GST (Amendment) Bill, law university in Tarn Taran get state Cabine
Updated : 5 years, 9 months ago IST
Chandigarh (Punjab) [India], Aug 25 (ANI): The Punjab Cabinet on Tuesday approved the proposal for introduction of Punjab Goods and Services Tax (Amendment) Bill, 2020.
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Increase cess on tobacco products, tobacco eradication organisation urges
Updated : 5 years, 9 months ago IST
Panaji (Goa) [India], Aug 25 (ANI): Public health groups, doctors and economists have urged the GST council to increase the compensation cess on all tobacco products that can provide additional tax revenue of Rs 49,740 crore for the government, the National Organisation for Tobacco Eradicati
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States face uncovered losses of Rs 3.1 lakh crore in FY21: SBI report
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): States are likely to face uncovered losses of up to Rs 3.1 lakh crore in the current financial year due to massive disruption caused by COVID-19 pandemic, according to a report by State Bank of India (SBI) released on Monday.
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Finance Ministry recounts Jaitley's legacy by recounting GST benefits
Updated : 5 years, 9 months ago IST
New Delhi [India], Aug 24 (ANI): The Finance Ministry on Monday recounted several achievements of former Finance Minister Arun Jaitley who heralded the Goods and Services Tax (GST) and passed away a year ago.
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Businesses with annual turnover of up to Rs 40 lakhs are GST exempt: Finan
Updated : 5 years, 9 months ago IST
New Delhi [India], Aug 24 (ANI): Businesses with an annual turnover of up to Rs 40 lakhs are Goods and Services Tax (GST) exempt and those with a turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay only one per cent tax, the Ministry of Finance said on Monday.
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Cygnet GSP goes Live with its E-Invoicing Solution for businesses with tur
Updated : 5 years, 9 months ago IST
Ahmedabad (Gujarat) [India], August 20 (ANI/PRNewswire): Cygnet GSP has announced that it is LIVE with its e-Invoicing solution for businesses with turnover greater than 500 crores. It has generated the first IRN & QR Code from the NIC Portal through their ASP system.
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GST racket: Kingpin involved in Rs 712 cr fake invoice generation arrested
Updated : 5 years, 10 months ago IST
Bhubaneswar (Odisha) [India], Aug 18 (ANI): Odisha GST enforcement squad has arrested the kingpin of a GST racket involved in the generation of fake invoices worth Rs 712 crore.
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India's GDP to contract 16.5 pc in Q1 as pandemic spreads: SBI report
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Aug 17 (ANI): India's GDP is expected to contract by 16.5 per cent during the first quarter of current fiscal as the current Covid-19 pandemic is spreading at a much faster rate after the opening up of the economy, State Bank of India's research report Ecowrap s
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E-vehicle manufacturers in Ludhiana demand GST reduction on batteries
Updated : 5 years, 10 months ago IST
Ludhiana (Punjab) [India], Aug 14 (ANI): The e-vehicle manufacturers in Punjab's Ludhiana have said that even though the sales of e-vehicles would increase after permission of selling and registering them without pre-fitted batteries, the Goods and Services Tax (GST) on the batteries should
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Delhi HC dismisses PIL seeking directions to Centre to classify masks, san
Updated : 5 years, 10 months ago IST
New Delhi [India], Aug 13 (ANI): The Delhi High Court dismissed a public interest litigation (PIL) seeking direction to the Centre to classify masks and sanitisers as essential commodities, regulate their prices and reduce the Goods and Services Tax (GST) on alcohol-based sanitisers.
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