Page 15 - Gst

Congress demands reduction in fuel prices, GST rates of mass-consumed goods

Congress on Tuesday said there is no respite from its "economic mess" and demanded that fuel prices and GST rates on mass-consumed goods be reduced to provide relief to the common people.

GST officials book 8,000 cases involving fake ITC of over Rs 35k cr in FY21

Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.

GST probe busts firms for 'fake' input tax credit invoices worth Rs 91 cr

GST officers have busted a network of 23 entities involved in creation of fake invoices worth Rs 551 crore and passing inadmissible input tax credit worth Rs 91 crore.

GST collections fall below Rs 1-trn mark after eight months in June

Hit 10-month low due to second wave; experts say mop up is better than expected, will provide a cushion to govt to ramp up spending

Top headlines: GST collections fall below Rs 1 trn; Amfi rejigs categories

Business Standard brings you the top headlines this evening

Delhi govt collects Rs 5,281 cr GST in first quarter of this financial year

In a sign of revival in the city economy hit by COVID-19 pandemic and the subsequent lockdown, the Delhi government collected Rs 5,281 crore GST in the first quarter of the current financial year

Despite so many feats, GST still a work in progress

A major issue is the hold up of a conveyance due to minor defects in e-way bill when the matter has to be contested at the place where the conveyance is intercepted

Mapping recovery

India needs a new medium-term economic road map

Best of BS Opinion: Some stability returns, view from the edge & more

Here are the best of Business Standard's opinion pieces for Friday

4 years later, our worst fears have been confirmed with GST: Tamil Nadu FM

There is lower income inequality in Tamil Nadu than it is in most places. Therefore, we are also a very high-consumption state, said Tamil Nadu FM Thiagarajan

Gadkari says GST was 'very essential', sees 'room for improvement'

Gadkari, who holds MSME portfolio along with road transport, further said there is a need to build consensus with states to bring petroleum products and alcohol under the GST regime

Best of BS Opinion: Four years of GST, towards better governance & more

Here are the best of Business Standard's opinion pieces for Thursday

Finance ministry to issue appreciation certificates to 54,439 GST payers

The ministry said it will issue certificates of appreciation to over 54,000 GST payers for timely filing of returns and cash payment of the tax, to mark the 4th anniversary of the historic tax reform

Four years of GST

Some distance covered but there is scope for a huge improvement

GST at four: A dive into the milestones and the unfinished agenda

GST Council must maintain revenue momentum, simplify rate structure, and strengthen cooperative federalism in spirit and letter

GST milestone in India's economic landscape: PM Narendra Modi

A nationwide GST, which subsumed 17 local levies like excise duty, service tax and VAT, was rolled out on July 1, 2017.

GST has reduced rate at which people have to pay tax: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Wednesday said that the Goods and Services Tax (GST) has reduced the rate at which people have to pay tax and the GST rate at present is only 11.6 per cent

E-way bill generation picks up pace in June as states start unlock process

E-way bill generation rose by 22.6 per cent in the week ended June 27 at 14.6 million compared to 11.9 million in the previous week

Maruti cuts Eeco ambulance price by Rs 88k as govt reduces GST

The GST rate on Eeco ambulance has come down to 12 per cent from the earlier rate of 28 per cent.

GST dues of all states not cleared as claimed by FM: Chidambaram

Chidambaram cited the example of Congress-ruled Rajasthan, Punjab and Chhattisgarh.