Last Updated:December 21, 2024, 23:14 IST With regard to the decision taken about GST rate on goods, Finance Minister Nirmala Sitharaman said, the Council has decided to cut the rate on fortified rice kernel (FRK) to 5 per cent. Union Finance Minister Nirmala Sitharaman (File photo: PTI) In a significant move to plug leakage, the … Read more
Mumbai: Food delivery and quick commerce services provider Zomato has received a tax demand notice of Rs 803 crore from the Goods and Services Tax (GST) department. In a stock exchange filing, the company said this notice has been given by the Joint Commissioner of CGST and Central Excise in Thane. This tax notice includes … Read more
Last Updated:December 03, 2024, 22:38 IST The CBIC on Tuesday said the GoM on GST rate rationalisation is yet to submit its recommendations to the GST Council, which is the final decision making body in fixation of tax rates. It said the GST Council is empowered to recommend GST rates including changes to them. (Representative … Read more
Gondia (Maharashtra), Leader of the Opposition in Lok Sabha Rahul Gandhi launched another scathing attack on the ruling Bharatiya Janata Party accusing it of helping the big businessmen but not the poor farmers with loan waivers, here on Tuesday. Show more Show less Read original article here Denial of responsibility! Pioneer Newz is an automatic … Read more
The GoM on GST rate rationalisation has decided to exempt GST on premiums paid for health insurance with coverage of Rs 5 lakh for individuals. The GoM proposes to reduce rates on several items and hiking on many, and the overall rejig is expected to yield a revenue surplus of Rs 22,000 crore. The GoM … Read more
The central government on Monday issued notices totalling Rs 10,000 crore to automakers for failing to pay compensation cess levied under the Goods and Services Tax (GST) on utility vehicles, says ET Now citing sources.The automakers have requested the government to review the notices. Read original article here Denial of responsibility! Pioneer Newz is an … Read more
The opposition BJD on Wednesday accused the ruling BJP of being “anti-tribal” and slammed the Odisha government for allegedly neglecting the tribal community by discontinuing several schemes initiated by the previous Naveen Patnaik administration. The party made the allegation during a press conference here addressed by BJD MPs – Niranjan Bisi and Sasmit Patra – … Read more
MISSING TRADER FRAUD Perpetrators of the GST missing trader fraud seek to abuse the GST system to generate illegal proceeds through a string of false transactions, the police and IRAS said, adding that these false transactions are the basis of fraudulent GST refund claims made to IRAS. Missing trader fraud happens when a seller collects GST … Read more
New Delhi: Goods and Services Tax (GST) is one of the major economic reforms in the last decade in India which replaced the Value Added Tax (VAT) system. It paved the way for economic growth, lower logistics costs, and ease of doing for business. Now the Union government is focusing on GST 2.0 which further … Read more
GST Bengaluru: Bengaluru City Crime Branch police have arrested four Goods and Services Tax (GST) officials in connection with an alleged case of kidnapping and extortion. The arrests have been made based on a complaint by a businessman in Byappanahalli police station of Bengaluru East division. “The person has alleged that about a week back … Read more
