Tag: GST

“GST A Classical Example Of Collaborative, Cooperative Federalism”: Chief Justice

October 26, 2024 admin

Mumbai: Introduction of the Goods and Services Tax (GST) in India was a “classical example of cooperative federalism,” Chief Justice of India D Y Chandrachud said on Saturday. The courts have, over the last few decades, evolved a robust framework on federalism to ensure that the states’ rights are protected, he said, speaking on `Understanding…

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Will Petrol, Diesel Come Under GST? Union Minister’s Big Statement

September 28, 2024 admin

Union Minister Hardeep Singh said that non-BJP states are not willing to forego the additional VAT. Pune: Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday called to build consensus over bringing petrol, diesel under the Goods and Services Tax. While delivering a lecture on “Strategy and Measures for Enhancing India’s Energy…

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BJP Leader’s Apology For Sharing Nirmala Sitharaman-Businessman Video

September 13, 2024 admin

A video of Finance Minister Nirmala Sitharaman’s conversation – with the owner of the popular Sree Annapoorna Hotel chain in Coimbatore – landed the BJP’s Tamil Nadu chief, K Annamalai, in a spot of bother Friday as he admitted to an “unintended breach of privacy” by sharing the clip online. In a post on X…

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GST Council to deliberate on taxation of insurance premium, report on online gaming

September 8, 2024 admin

The GST Council on Monday (September 9, 2024) is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources claimed the fitment committee, comprising Centre and State tax officials, will present a report on GST levied on…

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GST receipts’ growth slows marginally to 10% in August

September 1, 2024 admin

In August, gross revenues from domestic transactions were up 9.2%, improving from an 8.9% rise in July, | Photo Credit: Getty Images/iStockphoto The growth in India’s Gross Goods and Services Tax (GST) collections slowed down marginally to 10% in August from 10.3% in July, with revenues of nearly ₹1.75 lakh crore, but the rise in…

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Broadcast Ministry Requests GST Exemption On Digital News Subscription

August 19, 2024 admin

Representational Image The Information & Broadcasting (I&B) Ministry has urged the Ministry of Finance to reduce the GST on digital news subscriptions. In a letter dated July 22, I&B secretary Sanjay Jaju requested his revenue counterpart Sanjay Malhotra to either exempt the GST on digital news subscriptions or reduce it from 18 per cent to five…

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Mamata Banerjee On Budget Move To Tax Insurance

August 2, 2024 admin

West Bengal Chief Minister Mamata Banerjee has urged the BJP-led central government to withdraw GST on life and medical insurance premiums, saying that it adversely affects people’s ability to take care of their vital needs. The Trinamool Congress chief is the latest to criticise the move announced by Finance Minister Nirmala Sitharaman in the Budget….

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Top IT Body NASSCOM Backs Infosys After Rs 32,000 Crore GST Notice

August 1, 2024 admin

GST authorities have issued a Rs 32,403 crore notice on Infosys for services availed by the company. New Delhi: Apex IT association Nasscom on Thursday came out in support of Infosys — which is facing a Rs 32,403 crore GST notice, saying that the move reflected a lack of understanding of the industry’s operating model….

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Budget 2024: Where does the money come from and go?

July 23, 2024 admin

The government allocates 21% of its budget to the State’s portion of taxes and duties | Photo Credit: Pichumani K Finance Minister Nirmala Sitaraman presented the Narendra Modi government’s first full-fledged budget after the NDA secured third consecutive win. Budget 2024 LIVE Updates The Budget mentioned net tax receipts for 2024-25 at ₹25.83 lakh crore,…

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Experts Urge Centre To Remove 18% GST On Mental Health Services

July 22, 2024 admin

Lack of mental health professionals is crippling in India, an expert said. New Delhi: The government must remove or limit the 18 per cent Goods and Services Tax (GST) on mental health services, and allocate resources strategically to help India become a mentally resilient society, experts said on the eve of the Union Budget presentation…

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