Tag: GST
17 Results
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Tackling Sloth
A simple solution to control time and cost overruns would be to condense the timeline of all Government projects to one year. Typically, each Government Department has scores of projects running simultaneously. Budget allocations are made in a way that some projects hibernate while others are speeded-up. If a time period of one year is uniformly allocated for all Government projects, starting from 1 April, cost and time overruns could be easily monitored
March 26, 2023 -
Develop mechanism for online audit of GST: Parliamentary Panel on Finance
A high-level Parliamentary panel has suggested to the government to look into the possibility of developing a mechanism for online audit in GST, in order to make the process more efficient and less intrusive.
March 24, 2023 -
Sparing Tobacco
The budget was completely silent on any tax revisions on bidis or smokeless tobacco, which are consumed by most Indian tobacco users. It is pertinent to mention here that cigarettes account for only 15 per cent of tobacco users in India. There are reports which establish that cigarette smokers switch to bidis when cigarettes become exorbitant; this is equally detrimental to health. For public health professionals this negligible tax increase on cigarettes in the Union Budget and leaving taxes on other tobacco products unaffected was a major disappointment
March 2, 2023 -
FM Sitharaman chairs 49th meeting of the GST Council
Union Finance Minister Nirmala Sitharaman on Saturday chaired the 49th meeting of the Goods and Services Tax (GST) Council, in Vigyan Bhawan, New Delhi.
February 18, 2023 -
Over Rs 1,45,000 crore gross GST revenue collected for November
The government has settled Rs 33,997 crore to CGST and Rs 28,538 crore to SGST from IGST as regular settlement.
December 1, 2022 -
Centre releases Rs 17,000 crore of GST compensation to states/UTs
The total amount of compensation released to the States/UTs so far, including the aforesaid amount, during the year 2022-23 is Rs.1,15,662 crores.
November 25, 2022 -
Government releases Rs 17,000 crore GST compensation to states
The total amount of compensation released to the States and UTs so far, including the aforesaid amount, during the year 2022-23 is Rs.1,15,662 crore.
November 25, 2022 -
Trade representatives seek greater support for export sector from Finance Minister
An increase in personal tax exemption and deduction limits and greater support for the exports sector were some of the key demands which were made before Finance Minister Nirmala Sitharaman by the trade and service sector representatives, who met her on Thursday as part of pre-budget consultations.
November 24, 2022 -
Rahul Gandhi hits out on centre’s policies, call it “backbone breaker”
"PM Modi's wrong policies like demonetisation, GST, have broken small businesses, farmers who were the backbone of employment. The truth of India is that the country cannot give employment to its youth," he said.
November 8, 2022 -
GST collections touches Rs 1.51 lakh cr, second highest since implemented
The gross GST revenue collected in the month of October 2022 was Rs 1,51,718 crore according to the data released by the Ministry of Finance.
November 1, 2022 -
KT Rama Rao begins online petition demanding GST rollback on handloom
The minister pointed out that the Modi government was the first one in Independent India to impose taxes on the handloom sector.
October 23, 2022 -
Telangana textile minister urges PM to abolish GST on handloom products
KT Rama Rao had urged the weaver community in the state to initiate a postcard protest against the decision of the BJP government at the Centre to impose 5 per cent GST on all handloom products.
October 22, 2022 -
Companies making 25kg packet to avoid 5% GST on pre-packed food items
After the Centre imposed 5 per cent GST on unbranded labelled and pre-packaged food items weighing less than 25 kg in July, most of the companies are now packing their goods, in excess of 25 kg, in a single packet to be exempted from the tax levy.
October 8, 2022 -
Mann asks Centre to withdraw GST on Sarais in Amritsar
Condemning the move, in a statement, the CM questioned the taxing of the sarais including Guru Gobind Singh NRI Niwas, Baba Deep Singh Niwas and Mata Bhag Kaur Niwas which are associated with the Golden Temple. They are meant for the accommodation of the devotees visiting the holy shrine and have always been an integral part of the gurdwara complex.
August 2, 2022 -
Adhir controversy has doused Cong’s GST, inflation fire
The BJP wants Congress interim president Sonia Gandhi to apologize and things may escalate when parliament meets on Monday.
July 31, 2022 -
Decision for 5% GST on essential taken by GoM: Govt
Union Minister of State for Finance Pankaj Choudhary said that the GoM included ministers from states like Karnataka, Bihar, Kerala, Goa, Uttar Pradesh, Rajasthan, West Bengal. This GoM takes decisions unanimously.
July 26, 2022 -
Himachal farmers’ stir against Govt policies in apple belt
Around 24 farmer unions under the banner of Sanyukt Kisan Manch (SKM) staged protests at Rohru, Theog, Kotkhai, Narkanda, Rampur of Shimla district, Nirmand in Kullu, Kinnaur and Mandi districts.
July 20, 2022