[ad_1] NEW DELHI: Two former finance commission chiefs N K Singh and Vijay Kelkar have raised key issues that policymakers need to address in the coming years to deal with changes in the economy.Kelkar, who headed the 13th Finance Commission, underlined the need to rationalise the GST structure and move …
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IMF calls to jack up GST on medicines, petroleum to 18pc – SUCH TV
[ad_1] The International Monetary Fund (IMF) has recommended the government of Pakistan to implement 18 per cent General Sales Tax (GST) on food, medicine, petroleum products, and stationery. According to details, the IMF experts have recommended the newly-elected government of Pakistan to end sales tax relaxation in its report dispatched …
Read More »Punjab’s GST mop-up rises 16% to over Rs 19,000 crore till February – Times of India
[ad_1] CHANDIGARH: The Goods and Services Tax (GST) collection in Punjab jumped 15.69 per cent to Rs 19,222 crore in the current financial year so far, while the state’s excise revenue rose 11.71 per cent to Rs 8,093.59 crore. The net GST collection up to February in the current fiscal …
Read More »GST Collections In February 2024 Jump 12.5% YoY To Rs 1.68 Lakh Crore; Check Details – News18
[ad_1] The government has released GST collection data for February 2024. (Photo: Shutterstock) GST Collections in February 2024: The total gross GST collection for the current financial year now stands at Rs 18.40 lakh crore, which is 11.7 per cent higher than the collection for the same period in FY …
Read More »FinMin Says Future Reforms Include Reducing Compliance Burden For MSMEs, Energy Security
[ad_1] New Delhi: The Finance Ministry said on Monday that the priority areas for future reforms include skilling, learning outcomes, health, energy security, reduction in compliance burden for MSMEs, and gender balancing in the labour force. The ministry in a review of the Indian economy just days before the …
Read More »29,273 bogus firms involved in suspected GST ITC evasion, 121 arrested: Finance ministry – Times of India
[ad_1] NEW DELHI: A total of 29,273 bogus firms involved in suspected Input Tax Credit (ITC) evasion of Rs 44,015 crore have been detected since mid-May 2023, the Finance Ministry said in a statement on Sunday.Union Finance Ministry also stated that a total of 121 arrests have been made in …
Read More »GST collections rise 10% to Rs 1.64 lakh cr in December – Times of India
[ad_1] NEW DELHI: Continuing the upward trend, GST collections rose 10 per cent to about Rs 1.64 lakh crore in December compared to Rs 1.49 lakh crore in the same month a year ago.During the April-December 2023 period, gross Goods and Services Tax (GST) collection witnessed a robust 12 per …
Read More »Asian Paints gets GST demand notice of Rs 13.83 crore – Times of India
[ad_1] NEW DELHI: Asian Paints on Monday informed that it has received a GST demand notice of Rs 13.83 crore and a penalty of Rs 1.38 crore from the Deputy Commissioner of State Tax, Chennai.The demand is for the financial year 2017-18 over mismatch on input tax credit (ITC), the …
Read More »About 33,000 GST Notices Sent By Tax Officers For Discrepancies In Returns Filed In FY18, FY19 – News18
[ad_1] Central tax officers have sent around 33,000 GST notices to businesses for discrepancies in returns filed and short payment of taxes in 2017-18 and 2018-19 financial years, a CBIC official said on Wednesday. The National Co-ordination Committee of the State and Central GST officers, chaired by the Revenue Secretary, …
Read More »GST Collection in November 2023 Jumps 15% YoY To Rs 1.68 Lakh Crore; Highest Growth Ever – News18
[ad_1] GST collections in November 2023. (Photo: Shutterstock) GST collections in November 2023 witness the highest growth rate of 15 per cent YoY to Rs 1,67,929 crore GST collections in November 2023 witnessed the highest-ever growth rate of 15 per cent YoY to Rs 1,67,929 crore, according to the latest …
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