alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!

News

 
Government expects Rs 40,000 crore GST shortfall

Monday, September 23, 2019, 10:58 AM

Government expects Rs 40,000 crore GST shortfall

The government is expecting a shortfall of around Rs.40,000-crore in the GST-collections over what has been budgeted for 2019-20. This could put pressure on the compensation that states are eligible for in case the tax growth falls below 14% during the year. A source said the Centre had informed the GST-Council, about the expected shortfall at a time when economic growth has slowed down.

News

 
Telangana government to take control over online movie ticket sales

Sunday, September 22, 2019, 6:16 PM

Telangana government to take control over online movie ticket sales

An exclusive portal for the sale of movie tickets will be launched very shortly by the Telangana state government under the supervision of the State Film Development Corporation (FDC). All the private online ticket sellers will be routed through the FDC site. This will have two benefits. First, the black marketing of tickets will be avoided. Second, the government will get GST without evasion.

News

 
Auto industry has to find its own balance to enhance demand: SIAM

Saturday, September 21, 2019, 5:49 PM

Auto industry has to find its own balance to enhance demand: SIAM

Industry body SIAM said the auto industry would have to "find its own balance" to boost demand, with the GST Council declining to cut rates for the sector. "The auto industry was very hopeful of GST reduction. It is clear that there is no reduction of GST rate on vehicles from 28% to 18%," Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera said.

News

 
Government scraps import duty on open cell television panel

Thursday, September 19, 2019, 3:06 PM

Government scraps import duty on open cell television panel

The government has scrapped the import duty on open cell TV panels, brightening the prospects of manufacturing or assembling within the country. Most industry players welcomed the decision as the move is likely to bring down the cost of making TV sets in India. According to industry sources, the production costs will come down by 3% after scrapping of the duty.

News

 
Government looks at 28% GST on lottery

Wednesday, September 18, 2019, 5:45 PM

Government looks at 28% GST on lottery

The government is looking at a single rate of 28% GST on lottery as part of the ''one-nation, one-tax'' principle, while also exploring the option of putting restrictions on online lottery. The lottery industry, which is controlled by a handful of operators, is pitching for a uniform 12% levy and removal of tax on prize money.

News

 
GST cut unlikely for auto sector: Sources

Tuesday, September 17, 2019, 5:59 PM

GST cut unlikely for auto sector: Sources

India's GST panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a study has warned of major revenue losses. Meanwhile, state officials in Kerala, Punjab and West Bengal say they are also opposed to any cut in tax rates in the autos sector, or even consumer goods, because of lacklustre tax collections this fiscal year.

News

 
GST: Aadhaar verification to be mandatory for new dealers from Jan 2020

Sunday, September 15, 2019, 12:01 PM

GST: Aadhaar verification to be mandatory for new dealers from Jan 2020

The GST Network decided to make Aadhaar authentication or physical-verification-mandatory for new dealers from January 2020 to check malpractices in Goods and Services Tax. Among the 92.58-lakh registered dealers, only 64.17-lakh were entitled to file their returns as they had submitted the 3B and GSTR-1 forms. Modi said those who do not want to give their Aadhaar numbers would have to undergo physical verification.

News

 
GST Council may lower levies on auto, biscuits

Friday, September 13, 2019, 12:46 PM

GST Council may lower levies on auto, biscuits

The GST Council could lower levies for sectors such as automobiles, biscuits and other FMCG at its September 20 meeting, said people with knowledge of the matter. It could also discuss raising the lowest slab of 5% to as much as 8%. That could set the ball rolling for a major revamp of GST structure as part of efforts to revive growth, they said.

News

 
Firms with annual income upto Rs 2 crore could get GST return relief

Thursday, September 12, 2019, 4:16 PM

Firms with annual income upto Rs 2 crore could get GST return relief

The all-powerful GST Council is set to discuss a proposal to exempt small businesses with annual turnover of less than Rs.2-crore from filing annual returns. Senior officials said that despite three-extensions for filing the returns, the number has been unsatisfactory. "It is ranging from 25-27% despite extension of deadlines. The GST Council will discuss the issue in its meeting on September-20," said an official.

News

 
Companies in a fix as GST, IBC rules clash, plan to move court

Thursday, September 12, 2019, 12:16 PM

Companies in a fix as GST, IBC rules clash, plan to move court

The GST regime and the Insolvency and Bankruptcy Code (IBC) are locked in a seemingly intractable impasse, entangling companies undergoing resolution. Some are planning to take the indirect tax department to court over the issue, experts said. "Under the IBC framework, there is a moratorium. The company doesn't have to pay past taxes, including GST, after a defined trigger point," said the source.

260 Pages, 2598 Records
        [ Page 1 ]             
 
 
CIBIL Meter

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.