New Delhi: The Goods and Services Tax (GST), often hailed as the “biggest tax reform” in India, has evolved over the years, and the weighted rate of GST has declined in …
Evolving taxation: Weighted GST rate declines to 11.6% since inception Read More New Delhi: The Covid-induced shrinking of economic activity for the past few months continued to have its impact on government’s tax collections with revenue under the Goods and Services Tax …
Covid impact: GST collection drops 14% to Rs 87,422 cr in July Read More New Delhi: The government proposes to roll out compulsory e-invoicing of GST from October 1, but has decided to raise the threshold to exempt smaller entities from this compliance, an official …
E-invoicing of GST compulsory from Oct 1, with higher threshold Read More
New Delhi: Amid a hike in prices of petrol and diesel for the eighth consecutive day, the Congress on Sunday demanded the government bring the fuels under the goods and services …
Bring petrol, diesel under GST: Congress on fuel price hike Read More New Delhi: GST paid on invoices which have become bad debts must be paid back, Domestic Air Cargo Agents Association of India (DACAAI) said on Tuesday. At present, under the GST …
GST paid on bad debtors must be reversed: DACAAI Read More
New Delhi: In a bid to provide further relief to states amid the coronavirus outbreak, the finance ministry has released Rs 36,400 crore to states as compensation for their revenue loss …
Govt releases Rs 36,400 cr as GST compensation to states for Covid-19 expenditure Read More New Delhi: The Finance Ministry has ruled out GST waiver or deference to businesses as part of the economic relief package to help them cope with the situation arising in the …
No GST exemption to help businesses fight Covid-19 disruptions Read More
Chandigarh: Punjab Chief Minister Amarinder Singh, here on Tuesday, demanded Rs 3,000 crore as interim compensation for April owing to the Covid-19 pandemic as well as release of the Rs 4,400 …
Punjab seeks Rs 3,000 cr relief over Covid-19 pandemic Read More
New Delhi: Congress leader Rahul Gandhi, here on Monday, demanded that no goods and services tax (GST) be charged on medical equipment used in combating the coronavirus pandemic. “In this difficult …
Waive GST on medical items used in Covid-19 fight: Rahul Read More
New Delhi: CPI(M) General Secretary Sitaram Yechury, here on Monday, criticised the Centre for not releasing over Rs 30,000 crore in the goods and services tax (GST) dues. At a time …
Yechury asks Centre to release GST dues to states Read More