Goods and Services Tax (India)
Indirect tax levied in India
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Goods and Services Tax (GST) is an indirect tax used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.
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Don't force policies: Non-BJP states bring up NEP and GSTChief ministers of some non-BJP states on Sunday asked the Centre not to "force" its policies but to strengthen cooperative federalism and also sought a five-year extension for the compensation paid to..
West Bengal CM Mamata Banerjee meets PM Modi, to meet President Droupadi Murmu later todayAbout her visit, sources said that CM Mamata Banerjee is likely to discuss multiple issues, including GST dues for her state with PM Narendra Modi.
'British used to do the same; giving relief in Delhi': Arvind Kejriwal attacks Centre over GST on wheat, riceAAP national convener Arvind Kejriwal slammed the central government over the increase in GST on several food items such as wheat and rice.
'Immediately withdraw any GST on healthcare services': IMA writes to FM SitharamanIMA said the facilities were earlier in the GST exempted category and will be taxed post-July 18
Pre-packed labelled food items to attract GST, states continue to seek compensationGoods that are unpacked, unlabelled and unbranded will continue to remain exempt from GST.
Extension of compensation cess comes ahead of GST council meetThe central government has extended the validity of compensation cess levied along with the GST on luxury and "sin" goods such as cars and tobacco by nearly four years to raise funds for the additional..
Nirmala Sitharaman to chair 46th GST Council meet today, textile duty hike to be discussedEarlier this year, the GST Council took the decision to raise the rates of rare textiles and footwear by 12 per cent, effective from January 1
Mamata Banerjee slams BJP over rising inflation"Inflation is high. LPG, diesel-petrol prices have increased. Businesses affected due to GST, exports down but BJP is not serious to solve these issues. They said will bring 'achhe din' but they are..
After GST Council Meet, see what's dearer, what's cheaperThe central government on Friday announced that it has approved several proposals during the Goods and Service Tax (GST) council meeting
Zomato, Swiggy now under GST; will you have to pay extra for food?Keep in mind that different foods belong to different tax slabs and that may be a major factor if the price increases in the near future
GST was stuck only because the earlier govt couldn't take political risk: PM ModiPM Modi was speaking at the annual meeting of the Confederation of Indian Industry (CII).
Indian economy picks up pace with GST collection of Rs 1.16 lakh crore in JulyIn a significant indicator of the Indian economy picking pace, the GST collection in July increased 25.4 percent compared to June 2021.
In Kanpur, chaat sellers turn out to be crorepatis, Income Tax, GST probe reveals shocking detailsDetails of not one or two but more than 250 such millionaires in Uttar Pradesh's kanpur have come out in the open.
GST decreased tax burden on common man, increased transparency: PM ModiThe prime minister termed GST as a "milestone in the economic landscape of India".
PM missing along with vaccines, oxygen, medicines: Rahul Gandhi"The Prime Minister is also missing, along with vaccines, oxygen and medicines. All that remain are the central vista project, GST on medicines and the Prime Minister's photos here and there," he said..
Bharat Bandh today: Commercial markets to stay shut as traders protest against GST, rising fuel pricesOver 8 crore traders from across the country will join the Bharat Bandh on February 26, while around 40,000 traders will also observe a strike.
GST, farm reforms at core of ‘sabka saath, sabka vikas’: PMPrime Minister Narendra Modi identified initiatives like GST and the farm reforms as key elements of the “sabka saath, sabka vikas” mantra even as a resolution adopted at a meeting of party leaders..
Rahul Gandhi assures revisiting GST when Congress is voted to power at CentreCongress leader Rahul Gandhi on Saturday said the his party is committed to reconceptualising the Goods and Services Tax regime if voted to power at the Centre and assured ushering in a 'One tax,..
Officials arrest one for operating 46 firms, availing fake ITC of Rs 82.23 croreThrough extensive data analytics, the GST officials identified and searched 21 premises between January 15 and 17, unraveling a network of fake firms.
West Bengal, Kerala agree to Centre’s plan to meet GST shortfallKerala and West Bengal, two of the bitter opponents of the Centre’s plan on borrowing to compensate states for the GST revenue shortfall have accepted Option 1 proposed by the Union government,..
PM-CM COVID meet: Arvind Kejriwal blames spike on pollution, Mamata Banerjee demands GST duesTo take stock of the COVID situation in the country, PM Narendra Modi held the first leg of the PM-CM meet with the CMs of the 8 worst-hit states.
Bengal Covid-19 situation being addressed aptly: Mamata to PMThe prime minister reviewed the Covid-19 situation in various states through video conferencing with chief ministers. Banerjee is learnt to have reminded Modi of the non- payment of Goods and Services..
GST collection surpasses Rs 1 lakh crore in October for first time since FebThe total number of GSTR-3B Returns filed for the month of October upto October 31, 2020, is 80 lakh.
GST Council meet: Centre to give Rs 20,000 crore for GST compensation to states, next round of meeting on October 12Nirmala Sitharaman also said that the GST Council has decided to continue with the compensation cess even after June 2022.
Modi 'finishing' farmers and labourers with new farms laws: Rahul GandhiCongress leader Rahul Gandhi on Monday alleged that Prime Minister Narendra Modi was finishing "farmers and labourers" with the three farms laws just as he had small shopkeepers with demonetisation and..
Sitharaman to chair GST council meeting today, likely to face opposition flak over proposed borrowing optionThe meeting is likely to get heated as non-BJP ruled states are still in disagreement with the Centre on the GST compensation issue.
With U-turn on bills, BJD surprises manyIn a move that surprised political circles, Biju Janata Dal (BJD) on Sunday opposed the two farm bills in the Rajya Sabha. This is the first time BJD has opposed any legislation in the Rajya..
Eight opposition parties protest non-payment of GST dues, Congress not invitedThe leaders of eight opposition parties on Thursday held a protest in the Parliament complex against the government, demanding GST dues. Congress leaders were absent from the protest.
Hemant Soren writes to PM against Centre's GST compensation proposal
Economy destroyed by demonetisation, 'flawed' GST', 'failed' lockdown: Rahul on FM's 'Act of God' remark
CPM targets govt over 'Act of God' remark on GST revenue shortfall
Future Harvard case studies on failure to be on COVID-19, Demonetisation, GST: Rahul GandhiRahul Gandhi has been attacking the Narendra Modi ruled government over the COVID-19 situation in the country.
‘No plan to impose Covid cess on GST’
Make all Coronavirus-related equipment GST-free: Rahul GandhiCongress leader Rahul Gandhi on Monday urged the government to waive GST on all Covid-19-related equipment. He said it was "wrong" on the part of the government to charge Goods and Services Tax (GST)..
CBI books GST assistant commissioner Deepak Pandit on corruption charges
Shortfall in GST cess holding up payments to states: Sitharaman