Tag: Gst

Nabarangpur: The Commercial Tax and GST Enforcement squad of Bhawanipatna seized four vehicles near Papadahandi in Nabarangpur district on Friday for allegedly flouting GST norms. As per reports, a team led by Deputy Commissioner Tapan Padhi was acting on a tip off at Mriga Vihar under Papadahandi block, when they intercepted four vehicles including three […]

New Delhi: Traders’ body Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to defer the implementation of ‘Rule 86-B’ in GST, scheduled to be implemented from January 1, 2021. In a letter to the Finance Minister on Friday, the traders’ body said that the recent notification of the Goods and Services […]

New Delhi: The government’s decision on mandatory payment of at least 1 per cent of GST tax liability in cash will only apply to establishments having an annual turnover of Rs 6 crore and the new rule will not apply to micro and small businesses, and composition dealers, finance ministry sources said on Sunday. Based […]

Rourkela: While conducting a probe into a suspected tax evasion, the officials of Rourkela Goods and Services Tax (GST) department on Friday intercepted two truck-loads with 25 tonnes of edible oil. Preliminary probe reveals that an oil consignment was reportedly looted from a truck by a group of five armed miscreants after attacking the driver […]

New Delhi: The good old traditional snack food ‘papad’ or ‘pappadam’, as it is known in south India, cannot be equated with packaged ‘un-fried fryums’ and cannot have similar tax treatment, the Authority for Advance Rulings (AAR) has ruled. In its order rejecting a petition seeking to bring irregular sized packaged snack food as referred […]

New Delhi: As part of efforts to bring parity in taxation on agro-inputs, the Department of Chemical and Petrochemicals has approached the Finance Ministry for reducing GST on pesticides from 18 per cent to 5 per cent. Along with fertilisers, pesticide is also an important agro input that helps in curbing pests and diseases on […]

New Delhi: GST collections in March touched a record high of over Rs 1.23 lakh crore, a 27 per cent growth over the year-ago period, the Finance Ministry said on Thursday. “GST revenues crossed above Rs 1 lakh crore mark at a stretch for the last six months and a steep increasing trend over this […]

Keonjhar: A gutkha and tobacco products laden truck which was on its way to Bhubaneswar from Delhi was fined Rs 44 lakh on the charges of tax evasion. A team of Barbil City (Commercial Tax) and GST Enforcement unit had intercepted the truck near Murusuan area under Champua police limits in Keonjhar district on Sunday. […]

New Delhi: The Goods and Services Tax (GST) authorities have cancelled 1,63,042 registrations in the month of October and November this year due to non-filing of GSTR-3B returns for more than six months, sources in the Department of Revenue said. In one month of its nationwide drive against GST fake invoice frauds, the Directorate General […]