September 19, 2020 17:57 (IST)
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IPL 2020 begins today with CSK-MI clash | Karnataka drug scandal: Santosh, Akul, Yuvraj appear before CCB | Kashmir: Suspected militants snatch rifle from bank guard in Pulwama | Kashmir: Three armed Lashkar terrorists arrested in Rajouri | NIA officials arrest 9 Al-Qaeda operatives from West Bengal, Kerala

GST Council approves 5 percent rate for under-construction properties

New Delhi, Feb 24 (UNI/IBNS) In what is seen as an attempt to give relief to middle class and as well a timely boost to the real estate sector, the Goods and Services Tax (GST) Council, headed by Finance Minister Arun Jaitley, on Sunday announced that the GST payable for under construction properties will be five per cent for normal housing.

GST revenue collected in January stands at Rs. 1,02,503 crore, shows reversal in declining trend

New Delhi, Fb 2 (IBNS):  Reversing the declining trend of two months, the revenue collected under the  Goods and Services Tax (GST) showed significant improvement as the figure stood at Rs. 1,02,503 crore in January, official data released on Saturday said.

One Lakh villages to go digital over next five years: Govt

New Delhi, Feb 1 (IBNS): India having emerged as the world leader in the consumption of mobile data, the Government on Friday said it is now aiming to widen its impact by reaching out to the interior and rural areas.

Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax: FM Piyush Goyal

New Delhi, Feb 1 (IBNS): The anti-black money measures taken by the Government during the last four and half years in the form of Black Money Law, the Fugitive Criminal Offenders Act, and Demonetisation, have brought undisclosed income of about Rs 1,30,000 crore to tax, said Finance Minister Piyush Goyal.

Rationalization of customs duty and procedures to give boost to “Make in India” initiative: Piyush Goyal

New Delhi, Feb 1 (IBNS): The Indian government on Friday said it has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative.

GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade: Piyush Goyal

New Delhi, Feb 1 (IBNS): The Goods and Services Tax (GST) reforms has resulted in increased tax base, higher collections and ease of trade, Union Finance Minister Piyush Goyal said on Friday. 

Arun Jaitley announces doubling of tax exemption limit for small businesses

New Delhi, Jan 10 (IBNS): In a bid to woo a certain section of the people ahead of the 2019 General Elections, the central government on Thursday announced a doubling of tax exemption limit for all small businesses, media reports said.

GST collection touches Rs. 94,726 crore in December

New Delhi, Jan 1 (IBNS):  GST collection dropped to touch Rs. 94,726 crore in December than its previous month, official government data released on Tuesday said.

Sensex slumps 400 points, Hindustan Unilever share price falls by 2.32 pc

Mumbai, Dec 27 (IBNS) : A day after the National Anti-Profiteering Auhority, (NAA) slapped a Rs. 383-crore fine on the grounds of not passing benefits of GST rate cuts to consumers, shares  of Hindustan Unilever Ltd fell as much as 2.32 per cent  to Rs 1,742 per share on Wednesday as Indian benchmark indices BSE Sensex and NSE’s Nifty 50 declined over 1 per cent for the fourth consecutive session with global stock market remaining under pressure over global political uncertainties, reports said.

Govt extends due date for filing form GSTR-9, form GSTR-9A and form GSTR-9C extended till Mar 31

New Delhi, Dec 10 (IBNS): The Indian government on Monday said it has decided to extend the due date for filing form GSTR-9, form GSTR-9A and form GSTR-9C till Mar 31.

Centre collects Rs. 97,637 crore as GST revenue

New Delhi, Dec 1 (IBNS): The total gross GST revenue collected in the month of November, 2018 is Rs. 97,637 crore of which CGST is Rs. 16,812 crore, SGST is Rs. 23,070 crore, IGST is Rs. 49,726 crore (including Rs. 24,133crore collected on imports) and Cess is Rs. 8,031 crore(including Rs. 842crore collected on imports).

Australia to invest USD 100 billion into India by 2035: Aussie diplomat

Kolkata, Sep 21 (IBNS): Australian Deputy High Commissioner to India, Rod Hilton, on Thursday said that the country is looking forward to invest over USD 100 billion in different high-growth sectors into India by 2035.

Indian government reduces GST rates in 88 items, sanitary napkins exempted

New Delhi, July 21 (IBNS): In a bid to appeal the middle class and businessmen and with an eye kept on the Lok Sabha polls next year, the Indian government on Saturday slashed Goods and Services Tax (GST) rates on several products.

GST Council approves proposal to open migration window for tax payers till Aug 31

New Delhi, July 21 (IBNS): The GST Council in its 28th meeting held here on Saturday approved the proposal to open the migration window for taxpayers, who received provisional IDs but could not complete the migration process.

GST revenue collection in June moves up to touch Rs 95,610 lakh crore: Govt

New Delhi, July 1 (IBNS):  Revenue collection from Goods and Services Tax (GST) moved up to touch Rs. 95,610 lakh crore in June, revealed a government data released on Sunday.