Tag: Gst

GST
GST, poor planning, high costs dampen Goa's New Year party

Panaji: Heavy taxation post GST, infrastructure shortcomings, expensive tariffs and poor planning have resulted in a drop in tourist arrivals in Goa, according to Savio Messias, president of the state’s top body travel and tourism industry stakeholders. Messias, whose organisation, the Travel and Tourism Association of Goa, is one of the oldest travel and industry […]

  • Friday, 09 July 2021
mahesh-babu
Actor Mahesh Babu's bank accounts frozen in Hyderabad

Mumbai: Actor Mahesh Babu, who is currently holidaying in Dubai with wife and children, was in for a shock when he woke up on Friday morning to read that his bank accounts were frozen, allegedly due to non-payment of GST dues. A statement issued on Mahesh Babu’s behalf reads: “The GST Commissionerate Hyderabad has attached […]

  • Friday, 09 July 2021
P.Chidambaram
Chidambaram wants to know why GST goals are changing

New Delhi: Former Finance Minister P. Chidambaram on Wednesday raised questions about what caused the change in the “declared goals” of the Goods and Services Tax (GST) regime, why it was being changed. “Until yesterday a single standard rate of GST was a stupid idea. Since yesterday, it is the declared goal of the government! […]

  • Friday, 09 July 2021
Arun-Jaitley
Sun setting on 28% slab, 3-tier GST with single standard rate ultimate aim

New Delhi: Finance Minister Arun Jaitley on Monday hinted that the country may eventually have a single standard rate of GST through merging of 12 and 18 per cent slabs, adding that the 28 per cent slab will soon be phased out, except in case of luxury and “sin goods”. He said the country should […]

  • Friday, 09 July 2021
arun-up
Movies, monitors, video games get tax cuts; GST Council leaves cement at 28%

New Delhi: Computer monitors, TV screens, video games, lithium-ion power banks, retreaded tyres, wheelchairs and cinema tickets are among products and services set to get cheaper with their removal from the GST regime’s highest 28 per cent tax bracket by the GST Council on Saturday, with the industry lauding the latest reductions as a boost […]

  • Friday, 09 July 2021
P.Chidambaram
Chidambaram calls BJP's 8 tax rates under GST 'stupid'

New Delhi: Senior Congress leader P. Chidambaram on Friday termed the BJP government’s eight tax rates under the Goods and Services Tax (GST) regime “stupid idea” saying “filing GST returns has been a nightmare”. “The stupid idea was the BJP’s idea of having eight rates when GST was first implemented in July 2017,” the former […]

  • Friday, 09 July 2021
Narendra-Modi1
Modi hints at GST concessions, warns of strict action against bank defaulters

Mumbai: Prime Minister Narendra Modi on Tuesday said the government is aiming to bring 99 per cent of items below the 18 per cent GST slab and warned of stringent action against defaulters of bank loan and fugitives. “Before GST, registered enterprises numbered 65 lakh, which has now increased by 55 lakh. Today, the GST […]

  • Friday, 09 July 2021
gst-parlia-752x440
November GST collections fall below Rs 1 lakh crore

New Delhi: After breaching the Rs 1-lakh crore-mark in October, revenue collection under the Goods and Services Tax (GST) slided to Rs 97,637 crore in November. The revenue collected in November relates to transactions made in October. The total GST revenue collected in October (for September) was Rs 1,00,710 crore. The Finance Ministry said a […]

  • Friday, 09 July 2021
gst-parlia-752x440
GST collections cross Rs 1 lakh crore mark

New Delhi: Revenue collections under the Goods and Services Tax (GST) crossed the Rs 1 lakh crore mark in October, Finance Minister Arun Jaitley said on Thursday. This was a marked improvement over the September GST collection (for August) which stood at Rs 94,442 crore. Jaitley attributed the rise in the tax mop-up to lower tax […]

  • Thursday, 08 July 2021
Narendra-Modi1
India going through major transformation: Modi

Dehradun: Prime Minister Narendra Modi on Sunday said India is going through major social and economic changes and the resultant New India will prove to be a catalyst for global development. “India is witnessing rapid economic and social changes. The country is going through a big transformation. We are marching towards a New India,” Modi […]

  • Thursday, 08 July 2021
gst-parlia-752x440
Fuel under GST to affect states' revenue: Chief Ministers

New Delhi: Opposing the idea of bringing fuel products under the Goods and Services Tax (GST), three Chief Ministers from different political parties on Saturday said it would have a negative impact on their revenue collection. Speaking at the Hindustan Time Leadership Summit 2018, Amarinder Singh, Chief Minister of the Congress-ruled Punjab, said his state’s […]

  • Thursday, 08 July 2021
gst-parlia-752x440
GST collection crosses Rs 94,000 cr in September

New Delhi: Despite reduced tax rates on several items, revenue collection under the Goods and Services Tax (GST) stood at Rs 94,442 crore in September after sliding to Rs 93,960 crore in August. “The revenue collected in September shows an upward trend as compared to the August collection,” the Finance Ministry said. The government had […]

  • Thursday, 08 July 2021
Arun-Jaitley
State GST collection showing improvement over last year: Arun Jaitley

New Delhi: Expressing satisfaction with GST collection trends, the government on Friday said the states were on the path of meeting their revenue targets by themselves, thereby not needing compensation from the Centre after the five-year period of its implementation. After a GST Council meeting here, Finance Minister Arun Jaitley said the emerging trend in […]

  • Thursday, 08 July 2021
Chidambaram
Bring petrol, diesel under GST immediately: Chidambaram to Centre

New Delhi: As petrol and diesel prices hit new highs on Monday, former Union Finance Minister P. Chidambaram said the Centre and states must act together to bring petrol and diesel under GST immediately. “Relentless rise in prices of petrol and diesel is not inevitable. Because the price is built up by excessive taxes on […]

  • Thursday, 08 July 2021
gst-parlia-752x440
GST Council proposes cashback incentive to promote digital payments

New Delhi: The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give cashback to consumers in order to incentivise digital payments in the country. The pilot project, which proposes 20 per cent cashback on GST component of transactions, will be rolled out by states who […]

  • Thursday, 08 July 2021
scrollToTop