Tag: gst

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Posted in Economy

DGGI drops ₹3,000 crore tax demand on 18 foreign shipping firms for FY18

The Directorate General of Goods and Services Tax Intelligence (DGGI) has dropped a tax demand of about ₹3,000 crore for 2017-18 against 18 foreign shipping…

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Infosys tax case: Govt may decide on Infosys' Rs 32,000 crore tax at Sept 9 GST meet, foreign airlines too keep fingers crossed
Posted in Economy

Infosys tax case: Govt may decide on Infosys’ Rs 32,000 crore tax at Sept 9 GST meet, foreign airlines too keep fingers crossed

India is likely to retract its demand that Infosys pay $4 billion in back taxes after weeks of lobbying by the IT giant and an…

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Posted in Startups

GST: GST sleuths tracking merchants skipping tax via digital payments

The rapid growth of digital payments has also increased the scrutiny of online merchants due to a spike in cases of tax evasion, people aware…

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GST: Need to maintain balance between enforcement, ease of biz: Revenue Secy to GST officers
Posted in Economy

GST: Need to maintain balance between enforcement, ease of biz: Revenue Secy to GST officers

Revenue Secretary Sanjay Malhotra on Tuesday stressed the importance of maintaining a fine balance between enforcement actions and ease of doing business while dealing with…

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Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG
Posted in Economy

Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG

The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis…

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GST Council meeting: 54th GST Council meeting to be held on September 9
Posted in Economy

GST Council meeting: 54th GST Council meeting to be held on September 9

The 54th GST Council meeting will be held on September 9, 2024, the government said on Tuesday. The 53rd GST Council meeting was held on…

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Posted in Economy

Mahindra & Mahindra: Mahindra Group companies run into ‘brand’ tax

In a move that could open a Pandora’s box and spark an outcry from Corporate India, Mahindra & Mahindra has been served a notice from…

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GST News: Cos with multi-state presence will have to register as ISD with GST authorities by April 1, 2025
Posted in Economy

GST News: Cos with multi-state presence will have to register as ISD with GST authorities by April 1, 2025

Companies having presence in multiple states and distributing common input tax credit with branch offices will have to register as Input Service Distributor (ISD) with…

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BCCI paid Rs 2,038 crore GST in FY23, FY24
Posted in Economy

BCCI paid Rs 2,038 crore GST in FY23, FY24

Gross GST revenue collection from BCCI during 2022-23 and 2023-24 fiscal years was Rs 2,038.55 crore, Parliament was informed on Tuesday. Minister of State for…

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Govt collects Rs 8,263 cr towards GST on health insurance premium in FY'24
Posted in Economy

Govt collects Rs 8,263 cr towards GST on health insurance premium in FY’24

The government has collected Rs 8,263 crore towards GST on health insurance premium in 2023-24 fiscal year, Parliament was informed on Monday. The Minister of…

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