- 23 Nov 2022 05:58 PM
- New
Exporters may have great festive season amid withdrawal of GST exemption on outbound international freight
The pandemic resulted in severe supply disruption across the globe, and as result the freight rates are much higher today than it was during pre-pandemic.
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- 23 Nov 2022 06:04 PM
- New
GST Doctor Web Application for holistic analysis of GST-Returns
GOVERNMENT OF INDIA MINISTRY OF FINANCE, DEPARTMENT OF REVENUE OFFICE OF THE PRINCIPAL CHIEF COMMISSIONER OF GST AND CENTRAL EXCISE TAMIL NADU AND PUDUCHERRY NO. 26 /1, MAHATMA GANDHI ROAD, CHENNAI 600 034 Ph : (044)28331010 Fax : (044) 28331015
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- 22 Nov 2022 05:29 PM
- New
Infra sector seeks public expenditure hike, GST rationalisation from Budget 2023
With the Union Finance Minister Nirmala Sitharaman met infrastructure industry experts at the customary pre-budget meeting, the later sought rationalisation of Goods and Services Tax (GST), easier bank credit and a hike in public expenditure.
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- 22 Nov 2022 05:35 PM
Panel may recommend 28% GST on online gaming, tweak in calculation method
New Delhi: The panel of state finance ministers is likely to recommend a uniform GST levy of 28 per cent on online gaming irrespective of whether it is a game of skill or game of chance, sources said.
However, it is likely to suggest a revised formula for calculating the amount on which the Goods and Services Tax (GST) would be levied.
- 21 Nov 2022 05:42 PM
Mamata Banerjee likely to meet PM Modi on 5 Dec, discuss key issues
On the sidelines of the Chief Minister's meeting, West Bengal Chief Minister Mamata Banerjee is likely to meet PM Modi on 5 December and discuss sensitive issues like the release of state's dues by the Union government, erosion by river Ganga and arrears pending for the implementation of MGNREGA in West Bengal, an official informed on Sunday.
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- 21 Nov 2022 05:49 PM
Mandatory furnishing of correct ineligible ITC & reversal thereof in Form GSTR-3B
Mandatory furnishing of correct and proper information of ineligible Input Tax Credit and reversal thereof in Form GSTR-3B
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- 18 Nov 2022 05:21 PM
The big stories of the week gone by – in charts
Source: https://www.livemint.com/economy/data-recap-exports-dip-population-crosses-8-bn-11668701435390.html
Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Merchandise exports contracted for the first time in nearly two years in October, while inflation cooled off on the back of a favourable base. Meanwhile, the world population hit 8 billion.
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- 17 Nov 2022 06:09 PM
Amit Mitra presses for a meeting of GST Council
Source: https://www.livemint.com/economy/amit-mitra-presses-for-gst-council-meeting-11668616026467.html
NEW DELHI : West Bengal chief minister Mamata Banerjee’s principal chief adviser and former member of the Goods and Services Tax (GST) Council, Amit Mitra, on Wednesday urged Union finance minister Nirmala Sitharaman to hold the meeting of the council and decide on outstanding tax policy issues on a consensus basis.
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- 16 Nov 2022 06:20 PM
Why is GST revenue running ahead of overall economy?
Source: https://www.livemint.com/economy/breaking-down-the-surge-in-gst-revenues-11668531458502.html
Revenues from the goods and services tax (GST)—the countrywide indirect tax since June 2017—have been on a tear. In October, GST revenues touched ₹1.5 trillion, the second-highest monthly collection ever, after April 2022. Monthly GST revenues have exceeded ₹1.4 trillion for eight straight months, a statistic the central government has been playing up. Why have GST revenues risen this fast, outpacing even direct tax collections? Are there certain segments pulling performance? And what do GST trends tell us about the regional spread of economic activity post-covid?
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- 15 Nov 2022 06:08 PM
Govt to bring fuel under GST, says Petroleum minister
Petroleum and Natural Gas Minister Hardeep Singh Puri said on Monday that the Central government is ready to bring petrol and diesel under the Goods and Services Tax (GST) regime. Hardeep Puri also said that it was unlikely that the states would agree to this move as liquor and energy are revenue-generating items for the states. But if the states make the move, “we are ready", Hardeep Puri said.
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