COAI Seeks Reduction in Licence Fee to 1 Percent, Waiver in Customs Duty for 5G Network Equipment

Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum usage charges and pa...

The panel of state finance ministers is likely to recommend a uniform GST (Goods and Services Tax) levy of 28 per cent on online gaming irrespective of whether it is a game of skill or game of chance, sources said.

The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with Finance Minister Nirmala Sitharaman today.

Attending a tribal outreach programme in Jhargram, the Bengal Chief Minister, taking a swipe at the BJP, wondered whether India has become a "one-party country"

Launching a tirade against the BJP-led Union government, West Bengal Chief Minister Mamata Banerjee today said that if the Centre does not clear the state's dues, it may have to stop paying Goods and Services Tax or GST.

All Goods and Services Tax (GST) anti-profiteering complaints would be dealt with by the Competition Commission of India (CCI) from December 1.

The Centre is ready for bringing petrol and diesel under the Goods and Services Tax (GST) regime, but it is unlikely that the states will agree to such a move, Petroleum and Natural Gas Minister Hardeep Singh Puri said.

GST authorities have detected GST fraud of Rs 55,575 crore over the last two years and arrested over 700 persons for causing loss to the exchequer, an official said on Thursday.

Centre and state GST officers are working with online gaming sector experts to define 'games of skill' and 'games of chance' with a view to design different taxation structures for them, sources said.

A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms, an official said.

India’s Central Board of Indirect Taxes and Customs (CBIC) has asked crypto exchanges operating here to provide a list of all the cryptocurrencies that are being traded on their respective platforms. The process is expected to better determine the crypto transacting trends that are catching pace in the Indian fintech market.

Collections from Goods and Services Tax (GST) jumped to Rs 1,51,718 crore in October, the Finance Ministry said on Tuesday.

There is a huge need for skilled accountant professionals to support the GST system. Recognizing this fact, many educational institutions are preparing such training courses, which can prepare trained professionals to support the GST system.

The government has extended the deadline for filing GST returns for the month of September by a day to October 21, the Central Board of Indirect Taxes and Customs (CBIC) said on Friday.