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Tag: GST

Economy

Govt. did not try out GST system before rollout: CAG

July 31, 2019July 31, 2019 - by Abdul

Government has tabled the Comptroller and Auditor General(CAG) audit report on the Goods and Services Tax(GST) in the Parliament. The report has said that the government had failed to try …

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Economy

Single rate GST not possible in a country with poor people, says Arun Jaitley

July 2, 2019July 4, 2019 - by Abdul

Former Finance Minister has said that India can have two slabs for the Goods and Services Tax(GST) but dismissed the possibility of a single rate. He said that single GST …

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National

Council may consider GST cut on EVs

June 21, 2019July 4, 2019 - by Abdul

GST Council may cut the goods and services tax(GST) on electric vehicles to 5% from 12% to provide a stimulus to the sector. The lower rate are expected to encourage …

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Economy

Government rules out bringing oil products under GST for now

June 18, 2019July 4, 2019 - by Abdul

The Central Government has ruled out including petroleum products within the ambit of GST immediately by turning down repeated demands from the aviation sector and oil companies. The petroleum ministry …

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Economy

Supreme Court agrees to examine power of authorities to arrest individuals for GST evasion

May 30, 2019July 4, 2019 - by Abdul

Supreme Court has decided to examine the power of the government officials to arrest persons for Good and Services Tax (GST) evasion. The court observed that different high courts had …

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Economy

No GST at duty-free shops: HC

May 25, 2019July 4, 2019 - by Abdul

Recently,the Allahabad high court has ruled that there shall be no Goods and Services tax(GST) levied in case of purchases made at duty free stores at the arrival or departure …

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National

Grappling with urban exodus and GST, Kalamkari hub faces a fast fade-out

May 18, 2019July 4, 2019 - by Abdul

According to a report,kalamkari painting is on a decline due to urban exodus and Goods and Services tax(GST). The challenges faced by them includes (a)the poor availability of formal credit …

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Economy

Finance Ministry brings in changes in e-way bill system to check GST evasion

April 26, 2019April 26, 2019 - by Abdul

The Finance Ministry has introduced changes in the e-way bill system. The changes were brought in to crack down on Good and Services Tax (GST) evaders. The E-way bill is …

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Economy

Govt faces direct tax shortfall of ₹60k crore

April 6, 2019April 6, 2019 - by Abdul

According to the Central Board of Direct Taxes(CBDT),Direct tax collections have fallen short by Rs 60,000 crore.It has failed to meet the revised target of Rs 12 lakh crore for …

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Economy

GST revenue hits a record high in March

April 2, 2019April 2, 2019 - by Abdul

Goods and Services Tax (GST) collection in March rose 15.6% from a year ago to hit Rs 1.06 lakh crore.It is the highest collection since the new indirect tax system …

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