- 03 Jul 2024 06:41 PM
- New
CBI arrests CGST Assistant Commissioner in ₹50000 Bribery Case
The Central Bureau of Investigation (CBI) has recently made headlines by arresting an Assistant Commissioner from the CGST Commissionerate in Guwahati. The arrest was made following allegations of the officer demanding and accepting a bribe of Rs. 50,000 from a complainant.
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- 02 Jul 2024 06:32 PM
- New
Budget 2024: Hospitality sector bats for industry status, GST reduction, cites substantial GDP & forex contributions
The hospitality sector should be given the status of an industry in the upcoming Union Budget to accelarate growth, senior executives from the sector told LiveMint. The sector has made "substantial contributions" to the nation's gross domestic product (GDP), is labour and capital intensive, and brings in foreign exchange revenues, they pointed out.
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- 02 Jul 2024 06:26 PM
- New
Budget 2024: Aviation industry seeks policies to ease business, wants tax sops
Airport operators want the govt to instruct airlines not to deduct tax at source while paying user development fee collected from passengers. Drone makers want a lower GST, while component makers are seeking incentives to boost local supply chains.
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- 02 Jul 2024 06:20 PM
June GST proceeds swell 7.7% to ₹1.74 trillion
Source: https://www.livemint.com/economy/june-gst-proceeds-swell-7-7-to-1-74-trillion-11719844388613.html
However, June's GST proceeds were lower than the record collection of ₹2.1 trillion reported in April—but in line with the trend of robust GST revenue receipts.
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- 01 Jul 2024 06:48 PM
On this day: Key events on July 1, from GST implementation in 2017 to National Doctor’s Day celebration since 1991
On this day: Take a look at the key events held on July 1 in history. The day marks the implementation of GST laws in India in 2017. Back to 1997, Hong Kong returned to China in 1997
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- 01 Jul 2024 06:45 PM
Top news on 30 June: Zomato GST notice, IMD red alert, Jadeja retires, TISS termination withdrawal, and more
Top news on 30 June: Karnataka govt issues ₹9.45 crore GST notice to Zomato; Mcap of top BSE firms added 2.98 lakh crore, Reliance leads pack; IMD warns of flash floods in several Indian states, issues alerts for heavy rainfall
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- 01 Jul 2024 06:39 PM
Zomato gets ₹9.45 crore GST notice, plans to appeal against tax order
The tax regulator of Karnataka has demanded a GST of ₹5,01,95,462 ( ₹5.01 crore), which will be marked up with an interest charge of ₹3.93 crore, and a penalty of ₹50.19 lakh, bringing the total up to ₹9.45 crore, according to the filing.
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- 01 Jul 2024 06:36 PM
Seven years of GST: Its adoption has been a remarkable success
On 1 July 2017, when the Goods and Services Tax (GST) was implemented in India, one could not have guessed the size of monthly gross collections seven years ahead. May 2024 reported gross collections of ₹1.73 trillion.
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- 29 Jun 2024 05:57 PM
Budget 2024: Real-estate sector hopes for high rebates, GST rate reductions, and other reforms | Check wishlist here
As Union Finance Minister Nirmala Sitharaman is all set to table the Budget 2024-25 in the third week of July, India's real estate sector hopes for a series of reforms and incentives that can drive growth and address longstanding challenges. Expectations range from increased rebates on home loan interest rates, GST rate reductions, single-window clearance systems, reduced property prices, and promoting off-centre locations.
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- 28 Jun 2024 06:08 PM
GST Council to decide on waiving disputed tax liabilities under new provision
New Delhi: The goods and services tax (GST) council will take decisions on waiving disputed tax liabilities of certain industries based on a new provision that the federal indirect tax body inserted in tax laws at its meeting last Saturday, according to two persons with knowledge of the matter.
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