- 15 Dec 2022 05:15 PM
- New
Centre working to slow inflation, FM Nirmala Sitharaman says
The government is working to slow inflation further, and is closely monitoring the prices of essential commodities, finance minister Nirmala Sitharaman said, adding that the country is protected from the risk of stagflation due to its relatively slow inflation rates and fast growth.
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- 14 Dec 2022 05:27 PM
- New
GST Council to raise monetary limit to prosecute tax evasion
The Goods and Services Tax (GST) Council will on Saturday consider raising the monetary threshold for launching prosecution for tax evasion, two people familiar with the Centre-state discussions said, as the federal indirect tax body aims to improve business climate and ease of doing business.
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- 13 Dec 2022 05:53 PM
- New
GST evasion of ₹23,000 cr by gaming cos in April 2019-Nov 2022
Good and Services Tax (GST) evasion of nearly ₹23,000 crore by gaming companies in the period between April 2019 and November 2022 is being investigated by the tax officers, said Minister of State for Finance Pankaj Chaudhary on Monday.
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- 12 Dec 2022 06:03 PM
GST Council to set scope of tribunals at this week’s meet
NEW DELHI : The Goods and Services Tax (GST) Council will meet on 17 December to decide on the composition and regional distribution of appellate tribunals that will handle GST disputes, but will not address the contentious issue of taxation of online gaming, horse racing, and casinos, two people familiar with centre-state discussions said.
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- 12 Dec 2022 06:08 PM
GST claims of states to be cleared when AG certificate received: FM Sitharaman
Union Finance Minister Nirmala Sitharaman on Monday said GST claims of state governments will be cleared once she gets relevant papers along with a certificate from their respective accountant generals.
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- 12 Dec 2022 06:17 PM
Live Webinar on Block Credit under GST- Section 17(5) on 12th December
Live Webinar on Block Credit under GST- Section 17(5) on 12th December, 2022 at 4.00 P.M.
♦ Overview of Section 17(5).
♦ Block credit under section 17(5)
- 08 Dec 2022 06:20 PM
GST collection to help achieve FY23 revenue growth target
GST collections will help achieve FY23 revenue growth target on the indirect taxes front, despite the impact of duty cuts on central excise and customs mop-up, a top official said on Wednesday.
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- 08 Dec 2022 06:24 PM
Online gaming industry for 28% GST on gross gaming revenue not on entry amount
Online skill-based gaming industry is fine with the government raising GST on online gaming from 18 per cent to 28 per cent but it should be levied only on gross gaming revenue (GGR) and not on contest entry amount as could hit the USD 2.2-billion sector, say industry players.
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- 06 Dec 2022 05:59 PM
GST council likely to consider decriminalisation of GST law in 17 December meet
The Goods and Services Tax (GST) Council scheduled to meet virtually on 17 December, is likely to discuss decriminalisation of offences under GST law, along with raising the threshold of launching prosecution to ₹20 crore, from ₹5 crore at present, news agency PTI quoted officials as saying.
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- 06 Dec 2022 06:03 PM
GST law may be rid of crime tags
The Goods and Services Tax (GST) Council will consider proposals to decriminalize GST law and to set up appellate tribunals to resolve disputes at its next meeting on 17 December, a government official said.
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