In a major relief for Infosys, the Director General of GST Intelligence has closed pre-show cause notice proceedings against the company for financial years 2018-19 to 2021-22 involving a staggering ₹32,403 crore in GST dues. The latest move effectively ends nearly a year-long GST saga for India’s second-largest IT services firm. Mid-last year, the goods […]
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The GST Investigation wing of the Central Board of Indirect Taxes and Customs deals with policy issues relating to enforcement actions such as search, seizure, prosecution and arrest. Photo: Twitter/@cbic_india With Parliament clearing the decks for the establishment of Goods and Services Tax Appellate Tribunal to resolve rising disputes under the nearly six-year-old indirect tax […]
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Union Finance Minister Nirmala Sitharaman delivers the keynote address at the ASSOCHAM interactive session on the theme ‘India’s role in the Emerging World Order’, in New Delhi on February 15, 2023. | Photo Credit: ANI The government was keeping a “keen eye” on merchandise import trends to assess if there “was flooding” of any particular […]
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Union Finance Minister Nirmala Sitharaman addresses during a post-budget interactive session on Union Budget 2023-24 organised by PHD Chamber of Commerce and Industry (PHDCCI), in New Delhi, Wednesday, Feb. 15, 2023. PHDCCI President Saket Dalmia is also seen. | Photo Credit: PTI Finance minister Nirmala Sitharaman on Wednesday said that the effort of the government […]
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Union Finance Minister Nirmala Sitharaman will chair the meeting. File. | Photo Credit: PTI The 48th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will be held on December 17. “The 48th Meeting of the GST Council will be held on 17th December, 2022 by video conference,” the GST Council said […]
Continue ReadingFile photo used for representational purpose only. | Photo Credit: Getty Images/iStockphoto “All Goods & Services Tax (GST) anti-profiteering complaints would be dealt with by the Competition Commission of India (CCI) from December 1 as the extended tenure of National Anti-profiteering Authority (NAA) ends this month,” an official said on November 15. “A notification in […]
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Representational file image. | Photo Credit: A.M. FARUQUI The Centre is ready for bringing petrol and diesel under the GST regime but it is unlikely that the states will agree to such a move, Petroleum and Natural Gas Minister Hardeep Singh Puri said on November 14. “For bringing the petrol and diesel under the GST, […]
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Bibek Debroy said the tax collection of the Centre and states combined is just 15% of GDP, while the demand for government spending on public infrastructure is much higher Bibek Debroy said the tax collection of the Centre and states combined is just 15% of GDP, while the demand for government spending on public infrastructure […]
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A “false narrative’‘ is being created to imply that the Centre, by opting for the cess route, is denying States their share of tax revenue, she says. A “false narrative’‘ is being created to imply that the Centre, by opting for the cess route, is denying States their share of tax revenue, she says. Indiscriminate […]
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At a time when the Kerala government is expressing dismay over the impact of Central policies on State finances, the growth in Goods and Services Tax (GST) revenues should offer some cause for cheer. Compared to 2021-22, GST revenues have shown encouraging growth in the first five months of the current fiscal, indicate monthly data […]
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