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UP collects ₹1.35 lakh crore tax revenue in 8 months
Its tax collections in the first eight months are 77.3 percent of the target of ₹174623.52 crore for the period and 50 percent of the annual target of ₹270086.00 crore for 2024-2025.
Updated on Dec 05, 2024 05:30 AM IST
HT Correspondent, Lucknow
GST mop-up fourth highest ever but red flags in laggard states
GST revenue in November hit ₹1.82 lakh crore, marking a 8.5% increase from last year, despite slow growth in key states and a GDP dip to 5.4%.
Updated on Dec 02, 2024 04:53 AM IST
Rajeev Jayaswal, New Delhi
Ludhiana: FICO urges Centre to reduce GST on iron, steel
In a written memorandum addressed to the Union steel ministry and GST council, FICO emphasised the need for a lower tax levy to alleviate ‘financial strain’ on manufacturers, especially those in the bicycle parts industry.
Updated on Oct 29, 2024 05:38 AM IST
HT Correspondent, Ludhiana
GST rates to be cut on 20 litre water bottles and bicycles, up on shoes, watches
The estimated revenue gain from all the new changes made by the GoM on GST rationalisation would be ₹22,000 crore
Updated on Oct 19, 2024 06:21 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
ED to probe ‘larger conspiracy’ in GST case involving Gujarat journalist
The Enforcement Directorate (ED) has decided to launch a money laundering probe as it wants to investigate a “larger conspiracy” in the matter.
Updated on Oct 10, 2024 06:50 AM IST
‘PM Modi’s monopoly model': Rahul Gandhi attacks BJP over job losses
Rahul Gandhi on Friday accused PM Narendra Modi and BJP government for running a ‘monopoly model’ which is causing job losses and hurting MSMEs.
Published on Sep 27, 2024 07:19 PM IST
Stalin bats for TN rights at DMK 75th anniversary
Stalin also used the platinum jubilee celebrations of his party to target the Bharatiya Janata Party (BJP)-led Union government raising a raft of issues, including alleged meagre allocation of central funds, autonomy and the Goods and Services Tax (GST).
Published on Sep 18, 2024 07:46 AM IST
MK Stalin criticises Sitharaman for ‘shameful’ behaviour with businessman
A Coimbatore-based businessman had raised with the Union finance minister, concerns regarding the Goods and Services Tax (GST).
Published on Sep 14, 2024 01:52 PM IST
HT News Desk, New Delhi
TN businessman’s GST remarks, apology to FM spark slugfest
The state unit of the BJP apologised for sharing the second video and sought to distance itself from the row even as the Opposition alleged that the incident showed the arrogance of the Centre.
Updated on Sep 14, 2024 06:48 AM IST
Divya Chandrababu, Chennai
Hotelier apologising to Sitharaman sparks row; Rahul Gandhi attacks Modi govt
Rahul Gandhi said when a small business owner asks public servants for a simplified GST regime, his request is met with "arrogance and outright disrespect".
Updated on Sep 13, 2024 03:01 PM IST
GST council sets up GoM to look at tax rates for health insurance
GST Council chairperson Nirmala Sitharaman indicated that the next meeting of the Council may take several key decisions when it will meet during the festive season in November
Updated on Sep 10, 2024 09:30 AM IST
Rajeev Jayaswal
GST Council to decide rate cut on health, life insurance premiums in November
The GST Council will take a call on reducing tax rate on premiums of health and life insurance policies at its next meeting in November
Published on Sep 09, 2024 08:55 PM IST
PTI |
GST Council Meet: 18% GST on online payments below ₹2,000 not finalised
The GST council has not finalised the proposal to impose taxes on online payments below ₹2,000, and has referred it to the fitment committee for review
Published on Sep 09, 2024 04:24 PM IST
Three key changes in September that can impact your GST return filing
Significant changes in GST return filing from September may impact compliance and financial reporting.
Updated on Sep 02, 2024 10:21 AM IST
IIT Delhi faces ₹120 crore GST show-cause notice over research grants: Report
IIT Delhi has received a show-cause notice from GST Intelligence demanding ₹120 crore in GST on research grants from 2017 to 2022.
Published on Aug 16, 2024 08:08 PM IST
Reduce GST on digital news subscriptions: MIB to revenue department
A brief note annexed to the letter said that a higher tax burden could skew the growth of the online news sector towards the advertising model, which could affect the quality and credibility of the news content
Published on Aug 14, 2024 06:09 PM IST
INDIA bloc leaders protest at Parliament gate against GST on insurance services
Opposition leaders pointed out that even Union transport minister Nitin Gadkari had written to finance minister Nirmala Sitharaman to reconsider the 18% tax on insurance services.
Published on Aug 06, 2024 08:04 PM IST
Tax defaults in India rise by 1000% in last 10 years, litigations double: Report
Corporate taxes formed a large bulk of the defaults, adding up to ₹3.97 lakh crore and capital gains tax and transfer pricing defaults was ₹4.81 lakh crore.
Published on Aug 04, 2024 07:56 PM IST
Infosys gets ₹3,898 crore partial GST tax relief for FY 2017-18 alone
Infosys had received a tax notice of ₹32,403 crore for unpaid IGST under the reverse charge mechanism for services from its overseas branches from 2017-22
Published on Aug 04, 2024 02:17 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Tax woes: Infosys slapped with ₹32,403 crore GST demand notice
Infosys also manages the Goods and Services Tax Network (GSTN) portal, having bagged the ₹1,380 crore contract to build the technology platform for GST
Published on Aug 01, 2024 02:01 AM IST
PTI |
Nitin Gadkari to FM: Please remove GST on life, medical insurance premiums
Both life and medical insurance premiums attract a GST of 18 percent.
Updated on Jul 31, 2024 03:21 PM IST
30k top dealers generate 90% of Uttar Pradesh’s GST revenue
Uttar Pradesh has the largest number of registered dealers in India at 32 lakh, but 90% of its GST and VAT revenue comes from just 30,000 top dealers.
Updated on Jul 23, 2024 08:08 AM IST
Brajendra K Parashar, Lucknow
2024-25 session: UP Board books not yet printed due to royalty, GST issues
More than 1 crore students in over 27,000 secondary schools without textbooks even three months after start of new session
Updated on Jul 17, 2024 12:08 AM IST
K Sandeep Kumar, Prayagraj
What CEOs, founders, MDs and experts want for education sector in Budget 2024
The Union Budget 2024 is scheduled to be tabled on July 23. Here's what experts want in the upcoming budget for the education sector.
Updated on Jul 11, 2024 03:47 PM IST
HT Education Desk | Edited by Gaurav Sarma, New Delhi
Your Union Budget cheatsheet: Direct, indirect taxes and what you must look for
The Union Budget 2024 sees a lot of expectations for both direct and indirect tax rate cuts to boost consumption in the economy.
Published on Jul 09, 2024 03:12 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Taxes should be shared appropriately with states: Karnataka CM Siddaramaiah
Explaining that GST is an indirect tax, the CM said that before GST was introduced, the Government of Karnataka collected taxes through VAT.
Published on Jul 02, 2024 02:44 PM IST
ANI | | Posted by Pathi Venkata Thadhagath
GST simplified compliance, improved tax buoyancy, but fake ITC still a challenge
Average monthly GST revenues soared from around ₹90,000 crore in 2017-18, to about ₹1.90 lakh crore in 2024-25.
Published on Jul 01, 2024 12:10 AM IST
PTI |
Zomato gets GST notice of ₹9.5 crore in Karnataka, company to appeal
Zomato said it does not expect any significant financial impact and believes it has a strong case to defend before the appellate authority.
Updated on Jul 01, 2024 11:27 AM IST
GST Council meet: FM announces rates change for some items, exemptions. See list
The GST council meeting took place after a gap of eight months. The last meet took place on October 7, 2023.
Updated on Jun 22, 2024 10:43 PM IST
Will petrol and diesel come under GST? Nirmala Sitharaman replies
Petrol and diesel are not yet taxed under GST. Instead, these fuels, along with natural gas, ATF, are subject to VAT, central excise duty, central sales tax.
Updated on Jun 22, 2024 10:08 PM IST