18 Feb 2023 06:22 PM
New

GST Council meet: Pending GST compensation of ₹16,982 crore for June will be cleared, says FM Sitharaman

Source: https://www.livemint.com/news/india/gst-council-meet-entire-pending-gst-compensation-will-be-cleared-says-fm-11676720354037.html

Union Finance Minister Nirmala Sitharaman on 18 February said that the entire pending GST compensation will be cleared.

18 Feb 2023 06:25 PM
New

From GST rates reduction on certain products to pending dues: Top 10 announcements by FM Sitharaman

Source: https://www.livemint.com/economy/from-gst-rates-reduction-on-certain-products-to-pending-dues-top-10-announcements-by-fm-sitharaman-11676722345124.html

The FM added the government would release ₹16,982 crores from their own resources and the same amount will be recouped from the future compensation cess collection.

17 Feb 2023 05:49 PM
New

Govt mulls to tap kirana stores to boost tax base

Source: https://www.livemint.com/economy/govt-mulls-to-tap-kirana-stores-to-boost-tax-base-11676557646195.html

The Union government is planning to widen its goods and services tax (GST) by tapping a section of kirana stores, a top tax official said today, as New Delhi looks to bring more elements of the economy into the tax net

17 Feb 2023 05:54 PM

GST Council meeting tomorrow: Here's what's on agenda

Source: https://www.livemint.com/news/india/gst-council-meeting-tomorrow-here-s-what-s-on-agenda-11676595527578.html

The 49th GST meeting is being held after the presentation of the union budget earlier this month which offered to extend the 50-year interest-free loan to states for another year

17 Feb 2023 06:10 PM

Industry bodies seek GST structure rationalisation on metal scraps

Source: https://www.livemint.com/news/industry-bodies-seeks-gst-structure-rationalisation-on-metal-scraps-11676610157750.html

AIIFA said that the induction furnace sector contributes around 35% to the total steel production in India, requesting the government to rationalise the GST structure

16 Feb 2023 06:40 PM

Representation/suggestions regarding important changes in GST

Source: https://taxguru.in/goods-and-service-tax/representation-suggestions-important-gst.html

Myself Manoj Agarwal, Advocate have been making my little efforts in sharing knowledge on GST at various platforms in the name of GSTsathi. I am making active contribution since the introduction of Constitution Amendment Bill leading to 101st Amendment Act, 2016.

16 Feb 2023 06:08 PM

Once states agree, petroleum will be brought into GST: FM

Source: https://www.livemint.com/news/india/once-states-agree-petroleum-will-be-brought-into-gst-fm-11676477424609.html

Sitharaman says the government had kept micro, small and medium enterprises in mind while making the budget, which also emphasised on strong capital expenditure by the Centre and sustaining eonomic growth momentum

16 Feb 2023 06:14 PM

Investors are waiting for Bata India to sweep them off their feet

Source: https://www.livemint.com/market/mark-to-market/investors-are-waiting-for-bata-india-to-sweep-them-off-their-feet-11676479228039.html

December quarter (Q3FY23) results show that recovery compared to the pre-covid levels has been underwhelming.

16 Feb 2023 06:29 PM

Petrol will be brought under GST once states agree: FM

Source: https://www.livemint.com/news/india/petrol-will-be-brought-under-gst-once-states-agree-fm-11676484822437.html

New Delhi: Once states make up their mind on the timing of including crude oil and select petroleum products into Goods and Services Tax (GST) and determine a tax rate, these will be subsumed into the new indirect tax system, Finance Minister Nirmala Sitharaman said at an event.

16 Feb 2023 06:33 PM

More pan masala disclosures, but no tax based on capacity

Source: https://www.livemint.com/news/india/more-pan-masala-disclosures-but-no-tax-based-on-capacity-11676484892096.html

Industry-specific data on tax evasion was not immediately available but as per official records, between July 2017 and August 2020, over ₹93,400 crore of GST evasion was detected by central and state authorities and over 400 arrests made across industries.