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Centre Should Continue Financial Help It Has Been Giving To States Since GST Implementation For 2 Years: Maha Dy CM

Centre Should Continue Financial Help It Has Been Giving To States Since GST Implementation For 2 Years: Maha Dy CM

26 January 2022

Pawar also said the state government was considering various options if it has to deal with the situation wherein Central help is discontinued.

Centre Would Not Want The Consequences Of Not Extending GST Compensation On Their Conscience: TN FM P Thiaga Rajan

Centre Would Not Want The Consequences Of Not Extending GST Compensation On Their Conscience: TN FM P Thiaga Rajan

14 January 2022

The GST, which subsumed all service taxes except those on alcohol and petroleum, has not been able to generate as much revenue as had been anticipated during...


Centre Deferred GST Hike On Textiles Fearing Defeat In Upcoming Polls: Congress

The BJP only understands the language of victory and defeat, and has nothing to do with people's prosperity, the spokesperson said.

DGGI Raids Half A Dozen Crypto Exchanges in India On GST Evasion: Report

DGGI Raids Half A Dozen Crypto Exchanges in India On GST Evasion: Report

01 January 2022

The Directorate General of GST Intelligence (DGGI) reportedly raided about half a dozen offices of cryptocurrency service providers.


GST Council Defers Implementation Of Rate Hike In Textiles To 12%

The 46th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided to deliberate on the issue...

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12 January 2022
GST Council Defers Tax Rate Hike On Textiles

GST Council Defers Tax Rate Hike On Textiles

The Council meeting is known to have decided to put on hold the decision to hike tax rate on textiles to 12 per cent.


12 January 2022
Sidhu attacks Parkash Badal, Amarinder Singh for 'looting' Punjab

Sidhu attacks Parkash Badal, Amarinder Singh for 'looting' Punjab

The Congress leader said Punjab is carrying a heavy debt burden. The state does not generate enough revenue to be able to meet its total expenditure of Rs 1.40...


12 January 2022
Government Extends Annual GST Return Filing Deadline For FY21 Till February 28

Government Extends Annual GST Return Filing Deadline For FY21 Till February 28

The government on Wednesday extended till February 28 the deadline for businesses to file GST annual returns for 2020-21 fiscal ended March 2021.


12 January 2022
Amit Mitra urges PM to call GST meet to reverse tax hike on textiles

Amit Mitra urges PM to call GST meet to reverse tax hike on textiles

The union government had notified an increase in GST on natural fibre products from 5 per cent to 12 per cent, including apparels in the lower tax bracket with...


12 January 2022
No One Raises Issue Of Hiking MSP For Sugarcane Out Of Fear: Varun Gandhi

No One Raises Issue Of Hiking MSP For Sugarcane Out Of Fear: Varun Gandhi

Varun Gandhi also said he is a "revolutionary" leader and cannot see injustice being done to people.


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12 January 2022
Top 5 Aspects That Show Indian Economy Is Recovering Post-Covid, Finds Report

Top 5 Aspects That Show Indian Economy Is Recovering Post-Covid, Finds Report

Private equity investments have surged by nearly 20% post-Covid in India. Several other factors like growing credit scores, better GST collection in this...


13 January 2022
GST Collections In November Surpass Rs 1.3 lakh Crore, Second Highest Ever

GST Collections In November Surpass Rs 1.3 lakh Crore, Second Highest Ever

GST revenue collected in November 2021 is Rs 1,31,526 crore of which CGST is Rs 23,978 crore, SGST is Rs 31,127 crore, IGST is Rs 66,815 crore and Cess is Rs...


13 January 2022
Nearly Rs 52,000 Crore Paid To States As GST Compensation: MoS Finance

Nearly Rs 52,000 Crore Paid To States As GST Compensation: MoS Finance

Minister of State for Finance added the economic impact due to the pandemic led to greater compensation requirements because of lowered GST Collection.


01 November 2021
Government Poised To Comfortably Meet GST Budget Target Of Rs 1 Trillion For 2021-22

Government Poised To Comfortably Meet GST Budget Target Of Rs 1 Trillion For 2021-22

According to a government release, the Centre collected Rs 1.30 lakh crore as gross GST revenue for October, the second-highest since the indirect tax regime...


28 October 2021
Finance Ministry Releases Rs 44,000 Crore To States To Meet GST Compensation Shortfall

Finance Ministry Releases Rs 44,000 Crore To States To Meet GST Compensation Shortfall

The Finance Ministry had earlier released Rs 75,000 crore in October and Rs 40,000 Crore in July. Till date, accounting the latest amount, it has released a...


01 January 2022
India’s ‘Maitri’ Played Major Role In Global Covid-19 Fight: Nirmala Sitharaman

India’s ‘Maitri’ Played Major Role In Global Covid-19 Fight: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said India’s pandemic response has focused on the ‘twin goals of saving both the lives and livelihoods’.


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01 January 2022
Finance Ministry Releases Rs 40,000 Crore To Meet GST Compensation Shortfall

Finance Ministry Releases Rs 40,000 Crore To Meet GST Compensation Shortfall

It added that the total amount disbursed as back to back in lieu of GST compensation reached Rs 1.15 lakh crore for the current financial year.


03 January 2022
GST Collection In September Totals Rs 1,17,010 Crore

GST Collection In September Totals Rs 1,17,010 Crore

The government has settled Rs 28,812 crore to CGST and Rs 24,140 crore to SGST from IGST as regular settlement.


10 January 2022
U.P. Hosts First In-Person GST Council Meeting Post Covid, Gives Hope To Tourism, Hospitality

U.P. Hosts First In-Person GST Council Meeting Post Covid, Gives Hope To Tourism, Hospitality

The 45th GST Council meeting presided over by FM Nirmala Sitharaman was held in Lucknow on Friday


10 January 2022
GST Council Unanimously Decides Not Right Time To Bring Petroleum Products Under GST

GST Council Unanimously Decides Not Right Time To Bring Petroleum Products Under GST

"It was decided, we will report to Kerala HC that, matter has been discussed and Council felt it was not the time to bring petroleum products under GST,"...


10 January 2022
Highlights: FM Nirmala Sitharaman Says Time Not The Right To Bring Petro Products Under GST After 45th Council Meeting

Highlights: FM Nirmala Sitharaman Says Time Not The Right To Bring Petro Products Under GST After 45th Council Meeting

Finance Minister Nirmala Sitharaman announced a series of exemptions after the 45th GST Council meeting on Friday, this also includes an extension of GST...


10 January 2022
On-Ground GST Council Meet After 20 months. Here's What You Should Look Out For

On-Ground GST Council Meet After 20 months. Here's What You Should Look Out For

The 45th Goods and Services Tax (GST) Council meeting is set to convene physically after a long time in Lucknow on September 17


10 January 2022
Centre Borrows, Releases Rs 75k Crore To Compensate States For GST Revenue Shortfall

Centre Borrows, Releases Rs 75k Crore To Compensate States For GST Revenue Shortfall

The amount released is in addition to the normal GST compensation that is paid bi-monthly to states out of the collections made from the levy of a cess on...


11 January 2022
Kerala CM Requests Centre To Waive Off Customs Duty For A Life Saving Drug Needed To Save A Child

Kerala CM Requests Centre To Waive Off Customs Duty For A Life Saving Drug Needed To Save A Child

Pinarayi Vijayan, in his letter to the PM, mentioned that the medicine costs a whopping Rs 18 crore and is proposed to be imported from the US.


11 January 2022
Bring Fuels Under GST To Slash Price Hike, CTI Urges Centre

Bring Fuels Under GST To Slash Price Hike, CTI Urges Centre

"Crude oil was the cheapest in the last 16 years in 2020-21. During corona, between March and May, 2020, when crude oil became cheaper, the central government...


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Opinion

Centre Should Continue Financial Help It Has Been Giving To States Since GST Implementation For 2 Years: Maha Dy CM

Centre Should Continue Financial Help It Has Been Giving To States Since GST Implementation For 2 Years: Maha Dy CM

Pawar also said the state government was considering various options if it has to deal with the situation wherein Central help is discontinued.

26 January 2022
Centre Would Not Want The Consequences Of Not Extending GST Compensation On Their Conscience: TN FM P Thiaga Rajan

Centre Would Not Want The Consequences Of Not Extending GST Compensation On Their Conscience: TN FM P Thiaga Rajan

The GST, which subsumed all service taxes except those on alcohol and petroleum, has not been able to generate as much revenue as had been anticipated during its implementation in 2017.

14 January 2022
Centre Deferred GST Hike On Textiles Fearing Defeat In Upcoming Polls: Congress

Centre Deferred GST Hike On Textiles Fearing Defeat In Upcoming Polls: Congress

The BJP only understands the language of victory and defeat, and has nothing to do with people's prosperity, the spokesperson said.

01 January 2022
DGGI Raids Half A Dozen Crypto Exchanges in India On GST Evasion: Report

DGGI Raids Half A Dozen Crypto Exchanges in India On GST Evasion: Report

The Directorate General of GST Intelligence (DGGI) reportedly raided about half a dozen offices of cryptocurrency service providers.

01 January 2022
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