News / Topic / Goods And Services Tax / News

[

goods and services tax news

]

Latest from goods and services tax

Man dies by suicide in Noida

Police said they were informed at 10am on Monday about a man who jumped form the 15th floor of a 21-storey building

According to police, the man, resided with his wife in Sector 75. (Representational image/Getty Images/iStockphoto)

cities

Published on Mar 11, 2025 06:12 AM IST

ByHT Correspondent

Activist bats for one year extension for LBT department

His statement comes after the Maharashtra government on Tuesday issued a circular to all municipal corporations to scrap the LBT department after the implementation of Goods and Services Tax (GST)

Introduced in 2013 to replace octroi, LBT was abolished in 2017 after GST was introduced. (HT PHOTO)

cities

Published on Feb 26, 2025 05:30 AM IST

ByHT Correspondent

Deregulation panel to reduce State’s role in governance: PM

The Prime Minister also criticised the previous Congress-led UPA government saying they were slow in undertaking reform measures.

india news

Updated on Feb 16, 2025 12:57 AM IST

ByAbhishek Angad, New Delhi

PCB facing ₹800 crore crunch since 2017, causing collapse of civic governance

Pune Cantonment Board faces ₹800 crore financial crisis, struggling to provide services amid merger with PMC; urgent funding needed for infrastructure repair.

The gardens in the cantonment area are occupied by beggars, urchins and homeless people. (HT PHOTO)

cities

Published on Feb 12, 2025 06:54 AM IST

ByNadeem Inamdar

Tax inspector held for bribery

पुणे जीएसटी कार्यालय में एक कर निरीक्षक ₹5,000 की रिश्वत लेते हुए पकड़ा गया, क्लाइंट का जीएसटी नंबर बहाल करने के लिए। आरोपी तुषार कुमार माली है।

The complainant, a lawyer who facilitates GST-related works, approached the office for one of his businessman client. (REPRESENTATIVE PIC)

cities

Published on Feb 06, 2025 06:44 AM IST

ByHT Correspondent

GST collections soar 12.3 per cent to ₹1.96 lakh crore in January

Goods and Services Tax (GST) collections in January, in gross terms, stood at ₹1.96 lakh crore, with a yearly jump of 12.3 per cent.

GST revenue for the month of September is 26% higher than that reported in the same month a year ago. (iStockphoto) (MINT_PRINT)

business

Updated on Feb 01, 2025 09:02 PM IST

ANI |

U.P. launches initiative to broaden GST base

The state aims to enhance compliance and curb tax evasion by appointing officials to oversee specific sectors and ensure operations are scrutinised for irregularities.

Commissioner state tax, Nitin Bansal said the service sector has immense scope for broadening the tax bae in the state (Sourced)

cities

Published on Jan 29, 2025 09:36 AM IST

ByBrajendra K Parashar, Lucknow

Punjab GST mop-up surged in 3rd quarter after poor first half

The 5.97% year-on-year growth in GST mop-up in the first six months of 2024-25 was the slowest in four years, but the collection of ₹6,518.57 crore during the October-December quarter on account of better consumption and increased compliance more than made up for the shortfall

The total collection during the April-December period of 2024-25 stood at <span class='webrupee'>₹</span>17,318.21 crore, up 11.98% from <span class='webrupee'>₹</span>15,464.79 crore in the same months of the previous fiscal, according to data of key fiscal indicators.

cities

Updated on Jan 24, 2025 08:14 AM IST

ByNavneet Sharma

J&K govt seeks special package in Union Budget

Union finance minister Nirmala Sitharaman has already held a pre-budget consultation with J&K chief minister Omar Abdullah earlier this month

Jammu and Kashmir chief minister Omar Abdullah (PTI)

india news

Updated on Jan 20, 2025 07:10 AM IST

Byand Smriti Kak Ramachandran

Remove GST on agri equipment: Rajasthan MP

Addressing media persons in Bhiwani, Beniwal said that the union government has waived-off loans worth ₹16 lakh crore of big businessmen and the farmers are becoming labourers due to poor policies of the union government.

Nagaur MP Hanuman Beniwal urged the government to accept farmers’ demands. (HT File)

cities

Updated on Jan 11, 2025 10:17 PM IST

ByHT Correspondent, Rohtak

First three quarters of 2024-25 :U.P’s tax collections up 11.2%, non-tax revenue increases 36.4%

State govt has enforced financial discipline on all fronts and also taken care of people’s welfare, says U.P. finance minister Suresh Khanna

The state government’s revenue collections also increased by <span class='webrupee'>₹</span>977.14 crore in December 2024 against earnings made in the same month in 2023 (For representation only)

cities

Updated on Jan 07, 2025 06:06 AM IST

ByUmesh Raghuvanshi, Lucknow

Punjab: GST on turbine fuel will cause fiscal crisis in states, says Cheema

Punjab finance minister Harpal Singh Cheema raised this concern during the 55th meeting of the GST Council held in Jaisalmer under the chairpersonship of Union finance minister Nirmala Sitharaman

In a release issued here, Punjab finance minister Harpal Singh Cheema said this decision would be detrimental to the states already suffering losses due to the GST regime, highlighting that Punjab has earned <span class='webrupee'>₹</span>113 crore during financial year 2022-23, <span class='webrupee'>₹</span>105 crore in 2023-24, and <span class='webrupee'>₹</span>75 crore till November in the current fiscal as VAT on air turbine fuel. (HT File)

cities

Updated on Dec 24, 2024 06:02 AM IST

ByHT Correspondent, Chandigarh

PDP leader opposes proposed GST hike on Kashmiri shawls

Peoples Democratic Party leader Naeem Akhtar described the tax increase as a severe blow to an already struggling sector, calling it an “attempt to crush the artistic genius of Kashmir under the weight of excessive taxation.”

Peoples Democratic Party leader Naeem Akhtar warned that the heavy taxation would render Kashmiri shawls unaffordable, potentially collapsing the centuries-old industry. (HT File)

cities

Updated on Dec 21, 2024 05:06 AM IST

ByHT Correspondent, Srinagar

GST Council likely to reduce tax rate on food delivery to 5% | What it means

The reduced tax means that the food delivery companies will no longer be eligible to claim input tax credit while filing GST.

A Swiggy Ltd. delivery worker on a motorcycle in Mumbai, India,(Bloomberg)

business

Published on Dec 18, 2024 01:45 PM IST

ByHT News Desk | Written by Shivam Pratap Singh

At pre-budget meet with FM, farmers demand scrapping of GST on agri inputs

Farmers meeting with Finance Minister Sitharaman urged for scrapping GST on farm inputs and increasing PM Kisan scheme benefits amid ongoing protests.

Union finance minister Nirmala Sitharaman (PTI)

india news

Updated on Dec 10, 2024 06:52 AM IST

ByZia Haq, New Delhi

Pune Cantonment residents seek MoD help to clear pending GST dues worth ₹750cr

The government had scrapped the Local Body Tax (LBT) which paved the way for the imposition of GST in the Pune Cantonment area in 2017

The petition has been sent to the central government under the aegis of the cantonment citizens development forum led by prominent social worker Rajabhau Chavan. (REPRESENTATIVE PIC)

cities

Updated on Dec 09, 2024 05:18 AM IST

ByNadeem Inamdar

Pushing for its extension, Punjab among top beneficiaries of GST compensation

This amount constitutes approximately 6.9% of the total GST compensation of ₹6.64 lakh crore released by the central government to states during the period. Only four states – Maharashtra, Karnataka, Gujarat, and Tamil Nadu, in that order - received more goods and services tax compensation than Punjab, according to a written reply submitted by the finance ministry in Parliament recently.

Punjab, which is strongly pushing for an extension of the goods and services tax (GST) compensation cess beyond March 31, 2026, was among the largest beneficiaries of the compensation payments offered to states for transition to the new indirect tax regime. (PTI File)

cities

Updated on Dec 06, 2024 10:50 PM IST

ByNavneet Sharma, Chandigarh

Don’t harass bizmen, Punjab finance minister Harpal Cheema warns tax officials

Punjab's finance minister, Harpal Singh Cheema, instructed the GST commissioner to stop harassment of traders and urged reporting any incidents directly to his office.

cities

Updated on Oct 26, 2024 09:18 AM IST

ByHT Correspondent, Chandigarh

Auction of special vehicle numbers a big money spinner, to attract GST

Officials argue that offering premium registration numbers constitutes a value-added service under GST regulations, making it taxable at the rate of 18% or more.

cities

Updated on Oct 15, 2024 09:42 AM IST

ByBrajendra K Parashar, Lucknow

FIR on SpiceJet's Ajay Singh, officials surfaces after PF dues paid: Report

An FIR against SpiceJet's Ajay Singh and board members surfaced after the company announced it had cleared 10 months of provident fund dues

A SpiceJet passenger Boeing 737-800 aircraft(Representational Image/Reuters)

business

Published on Oct 05, 2024 05:03 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

India's September GST collection rises 6.5% YoY at ₹1.73 lakh crore

GST revenue growth declined to 6.5% in September, totaling ₹1.73 lakh crore, as domestic and import collections slowed.

In September, GST revenue growth slowed to 6.5%, reaching <span class='webrupee'>₹</span>1.73 lakh crore. Despite this, experts expect improvement in collections during the festive season, citing a significant rise in refunds and stable domestic revenue growth.

business

Published on Oct 02, 2024 10:35 AM IST

PTI |

In 1st Haryana rally, Rahul targets BJP over unemployment

Rahul Gandhi criticized Modi's government for job losses, harming small businesses, and failing farmers, asserting Congress will win Haryana's elections.

Congress leader Rahul Gandhi, flanked by ex-CM Bhupinder Singh Hooda and Kumari Selja, during an election rally in the Assandh segment in Karnal on Thursday. (ANI)

cities

Updated on Sep 27, 2024 07:40 AM IST

ByBhavey Nagpal, Sunil Rahar, Karnal/rohtak

Tax on term life insurance may be exempted by GST Council: What will change

GST Council may exempt term life insurance from GST, formal decision expected on September 9.

Term life insurance exemption from GST could result in <span class='webrupee'>₹</span>200 crore annual revenue loss but make it more affordable.

business

Updated on Aug 30, 2024 01:11 PM IST

ByHT News Desk

FM urges MPs to exempt medical and life insurance from GST

HT learns that the GST rate rationalisation committee, which meets later in August could consider lowering this rate.

india news

Updated on Aug 09, 2024 01:51 AM IST

ByRajeev Jayaswal

GST needs reforms, state govts must have their say

There is a need for caution while replanting reforms from countries that have already achieved higher tax efforts with homogeneous socio-economic structures

GST in India is still evolving and needs reform to ensure that its social marginal product is positive.. (PTI)

opinion

Updated on Jun 11, 2024 01:37 PM IST

ByKJ Joseph, Kiran Kumar Kakarlapudi

‘Can’t harass people’: SC seeks data on notices and arrests under GST Act

SC asks govt for data on GST Act notices and arrests to prevent harassment and safeguard liberties. Concerns raised over misuse of powers under GST regime.

New Delhi, Jan 10 (ANI): A view of the Supreme Court building, the apex judicial body of India, in New Delhi on Tuesday. (ANI Photo) (Sanjay Sharma)

india news

Updated on May 03, 2024 06:58 AM IST

ByUtkarsh Anand, New Delhi

Chandigarh logs 23% growth in April GST collection

According to the Union ministry of finance, the collection for April this year stood at ₹313 crore, ₹58 crore more than ₹255 crore received during the same month in 2023

The collection for March this year stood at <span class='webrupee'>₹</span>238 crore, <span class='webrupee'>₹</span>36 crore more than the <span class='webrupee'>₹</span>202-crore mop-up during the same month in 2023. (iStock)

cities

Updated on May 02, 2024 08:30 AM IST

ByHT Correspondent, Chandigarh

GST collection zooms past ₹2L-crore barrier

GST revenues exceeded ₹2.10 lakh crore in April, reflecting actual business transactions made in March. The financial year ended on March 31

After accounting for refunds, the net GST revenue for April 2024 was <span class='webrupee'>₹</span>1.92 lakh crore, reflecting a 17.1% annualised growth. (AFP)

india news

Updated on May 02, 2024 03:41 AM IST

ByRajeev Jayaswal, New Delhi

5.5kg gold seized in Jalandhar’s Shahkot

The state intelligence and preventive unit (SIPU), a division of the Goods and Services Tax (GST), recovered 5.5kg of unaccounted gold on Thursday

cities

Updated on Apr 19, 2024 08:06 AM IST

ByHT Correspondent

Dy commissioner, GST, caught accepting ₹2 lakh bribe in U.P. capital

Confirming the arrest, director general (DG), vigilance, Rajeev Krishna said the accused was identified as Dhanendra Kumar Pandey

SP vigilance (intelligence), Arvind Kumar Chaturvedi said Pandey had demanded the bribe for refunding GST worth <span class='webrupee'>₹</span>20 lakh of the firm “ARDEM Data Services Private Limited”. (For Representation)

cities

Updated on Mar 19, 2024 09:19 PM IST

ByHT Correspondent, Lucknow

Copy

Whatsapp Twitter Facebook Linkedin

goods and services tax news

Latest from goods and services tax

Police said they were informed at 10am on Monday about a man who jumped form the 15th floor of a 21-storey building

His statement comes after the Maharashtra government on Tuesday issued a circular to all municipal corporations to scrap the LBT department after the implementation of Goods and Services Tax (GST)

The Prime Minister also criticised the previous Congress-led UPA government saying they were slow in undertaking reform measures.

Pune Cantonment Board faces ₹800 crore financial crisis, struggling to provide services amid merger with PMC; urgent funding needed for infrastructure repair.

Goods and Services Tax (GST) collections in January, in gross terms, stood at ₹1.96 lakh crore, with a yearly jump of 12.3 per cent.

The state aims to enhance compliance and curb tax evasion by appointing officials to oversee specific sectors and ensure operations are scrutinised for irregularities.

The 5.97% year-on-year growth in GST mop-up in the first six months of 2024-25 was the slowest in four years, but the collection of ₹6,518.57 crore during the October-December quarter on account of better consumption and increased compliance more than made up for the shortfall

Union finance minister Nirmala Sitharaman has already held a pre-budget consultation with J&K chief minister Omar Abdullah earlier this month

Addressing media persons in Bhiwani, Beniwal said that the union government has waived-off loans worth ₹16 lakh crore of big businessmen and the farmers are becoming labourers due to poor policies of the union government.

State govt has enforced financial discipline on all fronts and also taken care of people’s welfare, says U.P. finance minister Suresh Khanna

Punjab finance minister Harpal Singh Cheema raised this concern during the 55th meeting of the GST Council held in Jaisalmer under the chairpersonship of Union finance minister Nirmala Sitharaman

Peoples Democratic Party leader Naeem Akhtar described the tax increase as a severe blow to an already struggling sector, calling it an “attempt to crush the artistic genius of Kashmir under the weight of excessive taxation.”

The reduced tax means that the food delivery companies will no longer be eligible to claim input tax credit while filing GST.

Farmers meeting with Finance Minister Sitharaman urged for scrapping GST on farm inputs and increasing PM Kisan scheme benefits amid ongoing protests.

The government had scrapped the Local Body Tax (LBT) which paved the way for the imposition of GST in the Pune Cantonment area in 2017

Punjab's finance minister, Harpal Singh Cheema, instructed the GST commissioner to stop harassment of traders and urged reporting any incidents directly to his office.

Officials argue that offering premium registration numbers constitutes a value-added service under GST regulations, making it taxable at the rate of 18% or more.

An FIR against SpiceJet's Ajay Singh and board members surfaced after the company announced it had cleared 10 months of provident fund dues

GST revenue growth declined to 6.5% in September, totaling ₹1.73 lakh crore, as domestic and import collections slowed.

Rahul Gandhi criticized Modi's government for job losses, harming small businesses, and failing farmers, asserting Congress will win Haryana's elections.

GST Council may exempt term life insurance from GST, formal decision expected on September 9.

HT learns that the GST rate rationalisation committee, which meets later in August could consider lowering this rate.

There is a need for caution while replanting reforms from countries that have already achieved higher tax efforts with homogeneous socio-economic structures

SC asks govt for data on GST Act notices and arrests to prevent harassment and safeguard liberties. Concerns raised over misuse of powers under GST regime.

According to the Union ministry of finance, the collection for April this year stood at ₹313 crore, ₹58 crore more than ₹255 crore received during the same month in 2023

GST revenues exceeded ₹2.10 lakh crore in April, reflecting actual business transactions made in March. The financial year ended on March 31

The state intelligence and preventive unit (SIPU), a division of the Goods and Services Tax (GST), recovered 5.5kg of unaccounted gold on Thursday

Confirming the arrest, director general (DG), vigilance, Rajeev Krishna said the accused was identified as Dhanendra Kumar Pandey

Join Hindustan Times

Create free account and unlock exciting features like