gst

‘Jitni GST gareeb dete hain, utni Adani deta hai’: Rahul Gandhi accuses BJP of favouring big businessmen – The Economic Times Video

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‘Jitni GST gareeb dete hain, utni Adani deta hai’: Rahul Gandhi accuses BJP of favouring big businessmen – The Economic Times Video

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

GST Rejig Proposed: Life, Health Insurance Premiums Exempt; 5% on 20L Water, Bicycles; 28% on Shoes & Watches

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GST Rejig Proposed: Life, Health Insurance Premiums Exempt; 5% on 20L Water, Bicycles; 28% on Shoes & Watches

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

GST on cars: Govt issues notices to auto majors seeking old GST dues

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GST on cars: Govt issues notices to auto majors seeking old GST dues

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

Odisha: BJD calls BJP ‘anti-tribal’, slams Odisha government for stopping schemes

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Odisha: BJD calls BJP ‘anti-tribal’, slams Odisha government for stopping schemes

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

Man in GST missing trader fraud involving S$55 million in fictitious sales sentenced to jail

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Man in GST missing trader fraud involving S million in fictitious sales sentenced to jail

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

GST 2.0 will further ease tax compliances and boost economic growth

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GST 2.0 will further ease tax compliances and boost economic growth

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

4 GST officials held in Bengaluru in alleged case of kidnapping & extortion

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4 GST officials held in Bengaluru in alleged case of kidnapping & extortion

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

GST Council to deliberate on taxation of insurance premium, report on online gaming

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GST Council to deliberate on taxation of insurance premium, report on online gaming

The GST Council on Monday (September 9, 2024) is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources claimed the fitment committee, comprising Centre and State tax officials, will present a report on GST levied on … Read more

PM Modi must apologise for ‘flawed’ GST, note-ban too: Rahul Gandhi

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PM Modi must apologise for ‘flawed’ GST, note-ban too: Rahul Gandhi

Mumbai: Congress leader Rahul Gandhi on Thursday took on Prime Minister Narendra Modi over his apology after a statue of the warrior king Shivaji at Malvan in Maharashtra’s Sindhudurg district collapsed last month.Gandhi, who was in Sangli for a Congress party programme, said the collapse of the statue was an “insult” to the memory of … Read more

Maruti, Toyota may have a reason to worry: 48% GST on hybrid cars, 5% on EVs to continue

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Maruti, Toyota may have a reason to worry: 48% GST on hybrid cars, 5% on EVs to continue

In what can be disheartening for auto companies such as Maruti Suzuki, Toyota and Honda, G20 Sherpa Amitabh Kant announced on Tuesday that the government will maintain a large duty differential between electric vehicles and hybrids to promote zero-emission technologies and green mobility in India. Speaking at an event organised by Mercedes-Benz Research and Development … Read more