[ad_1] AI generated representative image NEW DELHI: In a landmark move poised to transform India’s indirect tax dispute resolution system, the Central government has notified the Goods and Services Tax Appellate Tribunal (Procedure) Rules, 2025, paving the way for the long-awaited operationalization of the GST Appellate Tribunal (GSTAT). Notified under Section 111 of the Central…
[ad_1] NEW DELHI: Two former finance commission chiefs N K Singh and Vijay Kelkar have raised key issues that policymakers need to address in the coming years to deal with changes in the economy.Kelkar, who headed the 13th Finance Commission, underlined the need to rationalise the GST structure and move to a single rate mechanism,…
[ad_1] CHANDIGARH: The Goods and Services Tax (GST) collection in Punjab jumped 15.69 per cent to Rs 19,222 crore in the current financial year so far, while the state’s excise revenue rose 11.71 per cent to Rs 8,093.59 crore. The net GST collection up to February in the current fiscal year stood at Rs 19,222.5…
[ad_1] NEW DELHI: Congress parliamentarian Shashi Tharoor on Wednesday, taking part in the debate on the interim Budget in Lok Sabha, targeted the centre on its demonetization plan of 2016 and the introduction of GST regime in 2017.He said that the Goods and Services Tax was a good idea but shabbily implemented. “If demonetization was…
[ad_1] MUMBAI: The Delhi High Court has recently upheld the provisions concerning anti-profiteering measures and establishment of the National Anti-Profiteering Authority (NAA) under the Goods and Services (GST) laws.However, as Manish Gadia, partner at GMJ & Co, a firm of chartered accountants points out, “The high court further ordered that the authorities should not exercise…
[ad_1] NEW DELHI: The GST collections for January 2024 rose over 10% to Rs 1.72 lakh crore, the second highest monthly mop-up ever since the implementation of the regime.According to a statement by the finance minister, January is the third month in the current financial year which witnessed a collection of Rs 1.70 lakh crore…
[ad_1] NEW DELHI: An analysis of budget expectations of senior citizens draws attention to their concern over accessible infrastructure and high rates of GST applicable on many of the services and products used by the elderly among other things.The analysis, based on a survey by Agewell Foundation involving interactions with 10,000 elderly persons from across…
[ad_1] NEW DELHI: Continuing the upward trend, GST collections rose 10 per cent to about Rs 1.64 lakh crore in December compared to Rs 1.49 lakh crore in the same month a year ago.During the April-December 2023 period, gross Goods and Services Tax (GST) collection witnessed a robust 12 per cent growth, reaching Rs 14.97…
[ad_1] NEW DELHI: Asian Paints on Monday informed that it has received a GST demand notice of Rs 13.83 crore and a penalty of Rs 1.38 crore from the Deputy Commissioner of State Tax, Chennai.The demand is for the financial year 2017-18 over mismatch on input tax credit (ITC), the leading paints maker said in…
[ad_1] Zomato shares today: Shares of the food delivery platform, Zomato, have experienced a 5% decline, reaching Rs 120.7 on the Bombay Stock Exchange (BSE). The downturn was triggered by the issuance of a Rs 402-crore show-cause notice from the Goods and Services Tax (GST) authorities, citing unpaid dues.Why GST authority sent the notice to…
