Tahir Qureshi | Nov 22, 2023, 12:14 AM IST
In the first wave of the operation, a total of 48 fake/bogus firms, either non-existent or paper firms have been identified that were dealing in bogus invoices.
India.com Business Desk | Oct 31, 2022, 2:59 PM IST
At present, GST evasion of Rs 5 crore or more attracts a jail term of 5 years and that between Rs 2 crore and Rs 5 crore will attract 3 years of imprisonment and one year in case of GST evasion amounting to Rs 1-2 crore.
India.com Business Desk | Jun 12, 2021, 5:50 PM IST
The finance minister waived tax on COVID-19 essential items including PPE kit, masks, pulse oximeters, BiPAP machines, sanitisers and other equipment and also announced GST reduction from 12 per cent to 5 per cent on all coronavirus medicines.
PTI Feeds | Mar 24, 2021, 2:55 PM IST
Petrol, Diesel Update: BJP MP Sushil Modi's statement assumes significance in view of the rise in petrol price for the past over one year which even touched Rs 100 per litre in some states.
India.com News Desk | Jul 25, 2019, 12:20 AM IST
The Council is expected to draw focus on lowering tax rates on electronic vehicles (EVs), solar power projects as well as rationalising tax rates on lottery.
PTI | Apr 2, 2019, 11:29 PM IST
Multiple firms across the country were used to receive fake input tax credit, it said.
India.com Business Desk | Jan 1, 2019, 10:00 AM IST
The items that will attract a lower GST rate of 5 per cent includes marble rubble, natural cork, walking stick, fly ash blocks.
India.com Business Desk | Dec 7, 2018, 6:03 PM IST
The Centre's move on GST and demonetisation were held in the interest of the public, added Jaitley.
India.com Business Desk | Jun 8, 2018, 7:47 PM IST
The GST Council will consider bringing natural gas within the purview of the Goods and Services Tax in its forthcoming meeting.
India.com News Desk | Feb 22, 2018, 2:52 PM IST
It also said that India's economic growth has slowed due to the effects of its recent structural economic reforms such as Goods and Services Tax (GST) and demonetisation.
India.com News Desk | Jan 19, 2018, 6:15 AM IST
Earlier in the month, the growth in GDP during 2017-18 was estimated at 6.5 per cent, as compared to the growth rate of 7.1 per cent in 2016-17.
India.com News Desk | Jan 6, 2018, 1:18 AM IST
In the last budget, a fund allocation of Rs 1840.77 crore was made for the tourism sector. The government also announced the creation of 5 tourist Zones in the country.
