Union Minister for Road, Transport and Highways, Nitin Gadkari on Thursday said that India is the fastest growing economy in the world while underscoring the need to develop industries and trade for the growth of the country.
GST council is likely to give clarity on whether tax collected at source (TCS) should be deducted by the buyer or the e-commerce platform
An official spokesperson said Punjab's GST revenue receipts in September 2021 stood at Rs 1316.51 Crore against Rs 1055.24 Crore for the same period the previous year (September 2020).
The constant increase in the collection in recent months indicates the fact that the economy is recovering at a fast pace in the State. The economic activities had borne the brunt due to the COVID-19 situation last year. The State is on the path of economic revival and the increasing GST collection is a clear indicator of it.
Mitra, who demanded for a full tax waiver on Covid-related medical supplies, said his demand for zero GST rate or a token 0.1 per cent would have enabled tax reduction to consumers as well as availability of tax credits to producers was ignored.
The total number of GSTR 3B Returns filed for the month of April up to May 31, 2019 is 72.45 lakh. The GSTR-3B Form records the summary of outward supplies, input tax credit (ITC) claimed and net tax payable.
The Goods and Services Tax collection rose 10.05 per cent in April 2019 from a year ago
A Samsung India spokesperson said Samsung reduced its sales price according to GST reduction with effect from January 1, 2019. They are cooperating with DGAP on this matter. Sources said the complaint refers to only one of the company television models and that the company will reply to the notice soon.
He also took a range of questions from the students about Kashmir policy, especially economic growth and bringing peace in Jammu and Kashmir.
It is a buyer-centric move. Developers will be burdened with GST payments to vendors, suppliers, agencies and contractors and it will increase the cost further amid the already shrinking margin due to the dynamic policies of the government.
