Clipped from: https://www.businesstoday.in/current/economy-politics/gst-mop-up-rises-8-to-rs-120-crore-record-high-in-jan/story/429695.html Of the total GST collection, CGST is Rs 21,923 crore, SGST is Rs 29,014 crore, IGST is Rs 60,288 crore (including Rs 27,424
Category: GST
A case for better tax-policies for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/a-case-for-better-tax-policies-for-msmes/articleshow/80609973.cmsSynopsis Tax reforms and schemes that ought to encourage trading and ease of business – including on e-commerce platforms – have seemingly complicated the
GST fraud of Rs 940 cr busted, 340 bogus firms under lens – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-fraud-of-rs-940-cr-busted-340-bogus-firms-under-lens/articleshow/80620570.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis With the arrest of six persons, including the kingpin, Delhi Police’s Cyber Crime Unit (CyPAD) has busted a GST refund scam involving fake
GST collections for Jan 2021 touch all-time high of Rs 1.2 lakh crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/gst-collections-for-jan-2021-touch-all-time-high-of-rs-1-2-lakh-crore/articleshow/80616224.cmsSynopsis “The GST revenues during January 2021 are the highest since the introduction of GST and have almost touched the ₹ 1.2 lakh crore
Electric vehicle companies hope government fixes GST anomalies in Budget 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/electric-vehicle-companies-hope-government-fixes-gst-anomalies-in-budget-2021/articleshow/80590852.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Manufacturers of electric vehicles (EVs) have urged the government to fix anomalies in the Goods and Services Tax (GST) rate structure, which taxes
Excise duty collection jump 48 % this fiscal on record hike in taxes on petrol, diesel – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/excise-duty-collection-jump-48-this-fiscal-on-record-hike-in-taxes-on-petrol-diesel/article33593119.ece With this, the total incidence of excise duty on petrol rose to ₹ 32.98 per litre and that on diesel to ₹ 31.83
How Budget 2021 can reduce tax burden, ensure Acche Din for pensioners, senior citizens – The Financial Express
Clipped from: https://www.financialexpress.com/budget/how-budget-2021-can-reduce-tax-burden-ensure-acche-din-for-pensioners-senior-citizens/2182318/ With the Budget 2021 around the corner, senior citizens as well as those nearing retirement or who have retired recently want the government
Budget expectations from indirect taxation perspective — UNION BUDGET 2021:–The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-expectations-from-indirect-taxation-perspective/articleshow/80585438.cms The Union Budget to be presented on Monday, is slated to be one of the most important and anticipated one, given the economic
What to expect from FM Nirmala Sitharaman’s third act–BUDGET 2021–business today
Clipped from: https://www.businesstoday.in/union-budget-2021/columns/budget-2021-what-to-expect-from-fm-nirmala-sitharamans-third-act/story/429433.html The government should speedily release all outstanding payments or tax refunds owed to service providers in the form of pending bills. This includes
GST waiver, level-playing field; what agri sector expects from FM Nirmala Sitharaman?–BUDGET 2021:
Clipped from: https://www.businesstoday.in/union-budget-2021/columns/budget-2021-gst-waiver-level-playing-field-what-agri-sector-expects-from-fm-nirmala-sitharaman/story/429404.html The Agri warehousing and Agri-NBFC sectors have a lot of expectations from the upcoming budget as the growth of these two sectors is
Gujarat HC serves notice on Centre over interest on delayed payments | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gujarat-hc-serves-notice-on-centre-over-interest-on-delayed-payments-121012700007_1.html Earlier, the GST Council had decided that interest up to 18 per cent would be levied only on delayed payment through cash ledger
Govt mulls revenue dept restructuring; CBIC, CBDT to focus on collection | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-mulls-revenue-dept-restructuring-cbic-cbdt-to-focus-on-collection-121012700038_1.html People in the know said the government was examining measures like the strengthening of the Central Economic Intelligence Bureau (CEIB) The government is
GST Fake Invoice frauds: 8 Chartered Accountants among 258 persons arrested so far – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-fake-invoice-frauds-8-chartered-accountants-among-258-persons-arrested-so-far/article33650554.ece Eight Chartered Accountants are among 258 persons arrested so far in the nationwide drive against fake GST invoice frauds in last two-and-a-half months
Companies approach Gujarat High Court over penalty, interest payment on input tax credit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/companies-approach-gujarat-high-court-over-penalty-interest-payment-on-input-tax-credit/articleshow/80421685.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The input tax credit mechanism under the GST framework allows companies to set off part of the tax paid against future tax liabilities.
India Budget 2021: How indirect tax can provide a roadmap to recovery–the economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/budget-2021-how-indirect-tax-can-provide-a-roadmap-to-recovery/articleshow/80399534.cmsSynopsis The PLI scheme rolled out under the Atmanirbhar Bharat Abhiyan in April 2020 covered mobile manufacturing, manufacturing of bulk drugs and medical devices.
No GST on electricity charges recovered from tenants – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/no-gst-on-electricity-charges-recovered-from-tenants/articleshow/80380231.cmsSynopsis GST has a concept of “pure agent”, under which if you incur an expense while providing a service to your customer, then on
Government extends timeline for concluding anti-profiteering investigations under GST framework – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/government-extends-timeline-for-concluding-anti-profiteering-investigations-under-gst-framework/articleshow/79737783.cmsSynopsis “The government has further extended timeline for anti- profiteering authorities to complete their investigations, and as such any investigations required to be closed
Cleaning up taxes | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/cleaning-up-taxes-121011801532_1.html Govt must seize opportunity to reform holes in tax system In the run-up to the Union Budget, the finance ministry must be wrestling
Budget FY22: GST vaccine for ailing economy – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/budget-fy22-gst-vaccine-for-ailing-economy/2174356/ Indian Union Budget 2021-22: The government must rationalise GST rates for inputs and input services with the corresponding output supplies to avoid accumulation
Not the time for big bang tax reform–the economci times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/not-the-time-for-big-bang-tax-reform/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The coming budget offers narrow scope for sweeping
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