GST

The GoM (Group of Ministers) made the decision to exempt term life insurance premiums and health insurance premiums up to Rs 5 lakh in coverage due to the rationalization of GST rates.

Union Finance Minister Nirmala Sitharaman announced several key decisions after the 53rd GST Council meeting aimed at curbing tax evasion and promoting uniformity in taxation, including the pan-India rollout of Aadhaar-based biometric authentication to curb fake invoicing.

Union Finance Minister Nirmala Sitharaman chaired the 53rd GST Council meeting in Delhi on June 22, marking the first such gathering since the formation of the new government.

ERNAKULAM: Kerala’s Left Democratic Front government has decided to take its protest to New Delhi against the Centre over alleged negligence towards state development by refusing to release sufficient funds, on Saturday.  “The state is not receiving the benefits it deserves, with Rs 58,000 crore of aid yet to be made available,” alleged EP Jayarajan, […]

In a major The New Indian impact, the Central Board of Indirect Taxes and Customs (CBIC) initiated a probe into the ₹37.5 lakh Goods and Services Tax bill slapped on a poor farmer in Bihar’s Khagaria.

NEW DELHI: The Congress on Tuesday hits out at the central government over the impasse in Parliament over the issues of inflation, unemployment, Agnipath and misuse of CBI and ED. The party said that the government’s dictatorial attitude didn’t allow any sort of discussion to take place in the last two weeks. Addressing a press […]

NEW DELHI: The Congress slammed Union finance minister Nirmala Sitharaman on Wednesday on her defence of the goods and service tax (GST) on daily use items saying that it was not a unanimous decision. Congress general secretary and Rajya Sabha member Jairam Ramesh issued a statement highlighting 10 points in reply to Sitharaman’s explanation given […]

The GST is finally coming up the curve; the rates are getting stabilised and the systems by and large streamlined. GST collection is doing more than expected in recent months with the collection reaching an all-time high of Rs. 1.68 lakh crores in April 2022. At the outset, both indirect and direct tax collections have […]

KANNAUJ/KANPUR:  The six-day long investigation spread across Kanpur and Kannauj at two residences of businessman and perfume-maker Peeyush Jain has discovered that a walking closet was used since 2010 by him to stash unaccounted cash, that stands at Rs 197-crore even as directorate general of GST intelligence (DGGI), a law enforcement agency under the Union […]