GST

NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) has notified a series of amendments to the Goods and Services Tax (GST) framework, expanding reverse-charge provisions for specified categories of waste and scrap and…
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NEW DELHI: Trade margins of 137 medicines, including several patented drugs such as pembrolizumab, ribociclib and abemaciclib, have been capped at 30% over the cost at the first point of sale, either the stockist or the hospital, when it is…
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New Delhi, Oct 8: The GST Council has approved a concept note for an optional compliance scheme aimed at small businesses with an annual turnover of up to ₹5 crore that supply exclusively to consumers, Union Finance Minister Nirmala…
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New Delhi, Oct 6: The Goods and Services Tax (GST) Council is scheduled to meet on October 8 to consider a range of proposals covering tax rates, exemptions, compliance issues and Input Tax Credit (ITC), with measures affecting online food…
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New Delhi, Sep 1: Gross collection of Goods and Services Tax (GST) increased by 14.8 per cent year-on-year to nearly ₹2 trillion in August, says the data released by the Ministry of Finance today. However, collections were lower…
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New Delhi, Aug 19: Amidst widespread complaints regarding quality of newly-built highways, Union Minister of Road Transport and Highways Nitin Gadkari today said the existing provisions governing subcontracting of highway works would be…
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India’s gross Goods and Services Tax (GST) collections surged 15.4% year-on-year to more than ₹2.11 trillion in July, reflecting strong growth in both domestic transactions and import-related revenues. The collections were significantly…
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New Delhi, July 29: The Central government collected more than Rs 16.11 lakh crore through taxes on petroleum products during last five financial years. This has been stated by Finance Minister Nirmala Sitharaman in a written reply in…
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New Delhi, Jan 15 (BVI) CGST Delhi South Commissionerate has arrested two persons on charges of fraudulent availment of Input Tax Credit (ITC) of around ₹8.52 crore through bogus invoices of ₹199.90 crore. The Anti-Evasion Branch of the…
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By Sunil Kumar Batra New Delhi, Oct 1 (BVI): There will be no further relief on EMIs as the Reserve Bank of India (RBI) has kept the key (repo) rate unchanged at 5.50 per cent while exuding confidence that the country would have the…
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