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Tag: GST

National / News Update

No GST exemption to help businesses fight Covid-19 disruptions

May 23, 2020 - by IANS

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
National / News Update

Punjab seeks Rs 3,000 cr relief over Covid-19 pandemic

April 21, 2020 - by IANS

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
National / News Update

Waive GST on medical items used in Covid-19 fight: Rahul

April 20, 2020 - by IANS

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
Yechury asks Centre to release GST dues to states
National / News Update

Yechury asks Centre to release GST dues to states

April 13, 2020 - by IANS

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
Delhi man held on charge of forging Rs 392-cr input tax credit
National / News Update

IT Dept directed to release tax refunds up to Rs 5 lakhs immediately

April 8, 2020 - by IANS

New Delhi: The government has decided to issue all the pending income tax refunds up to Rs 5 lakh, immediately as part of its efforts to provide relief to the business …

IT Dept directed to release tax refunds up to Rs 5 lakhs immediately Read More
National / News Update

COVID-19: Deadlines for filing GST returns extended

March 23, 2020 - by IANS

New Delhi: The Ministry of Finance has extended the deadlines for filing returns of goods and services tax (GST) in view of the coronavirus crisis and difficulties faced by taxpayers in …

COVID-19: Deadlines for filing GST returns extended Read More
Delhi man held on charge of forging Rs 392-cr input tax credit
Business / National / News Update

CGST Delhi detects fraud worth over Rs 12 cr, 1 held

March 8, 2020 - by IANS

New Delhi,The CGST Delhi North Commissionerate has arrested one person who received fake/goods-less invoices valued at Rs 71.22 crore involving fraudulent input tax credit (ITC) of Rs 12.82 crore from …

CGST Delhi detects fraud worth over Rs 12 cr, 1 held Read More
Business / National / News Update

Govt releases Rs 19,950 crore GST compensation to states

February 20, 2020 - by IANS

New Delhi, The Central government released Rs 19,950 crore as GST compensation cess to the states/UTs on last Monday, officials said. With this amount, the Central government has released a …

Govt releases Rs 19,950 crore GST compensation to states Read More
Much-hyped Direct Tax Code in cold storage for now
Special

Much-hyped Direct Tax Code in cold storage for now

February 13, 2020 - by IANS

New Delhi: The government has junked the much-hyped Direct Tax Code (DTC), a reform initiative to overhaul the direct tax system on the lines of GST, for now as it has …

Much-hyped Direct Tax Code in cold storage for now Read More
Business / News Update

Centre to raise Rs 46K cr as late GST payment interest

February 12, 2020 - by IANS

New Delhi: The government has discovered a new revenue stream to make up for the shortfall in GST collection and is looking to collect Rs 46,000 crore as interest on late …

Centre to raise Rs 46K cr as late GST payment interest Read More

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