Ayodhya Ram Temple Construction To Generate Rs 400 Crore GST: Champat Rai

Shri Ram Janmabhoomi Teerth Kshetra Trust general secretary Champat Rai has said the ongoing construction work connected to the Ram temple in Ayodhya is estimated to generate Goods and Services Tax (GST) of nearly Rs 400 crore.

GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday decided to set up a Group of Ministers (GoM) on reducing tax rate on life and health insurance and cut GST on cancer drugs and namkeens.

At the 64th ACMA Annual Session, the SIAM President revealed that the Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore.

Struggling with unemployment, a young man from Muzaffarnagar was in for a big shock when a team from the GST department landed up at his doorstep and told him that a company was being run in his name and a Rs 250-crore fraud had been committed.

Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting.

Life Insurance Corporation of India (LIC) on Thursday said tax authorities have slapped a demand notice of about Rs 605.58 crore on it for short payment of Goods and Services Tax (GST) for financial year 2019-20.

Online food delivery platform Zomato has received GST tax demand orders of over Rs 4.59 crore, including applicable interest and penalty, from Tamil Nadu and West Bengal authorities.

SBI Life on Thursday said tax authorities have slapped a demand notice of about Rs 239.27 crore on it for short payment of Goods and Services Tax (GST) for the financial year 2019-20.

Bihar Deputy Chief Minister Samrat Chaudhary was appointed as the convenor of the Group of Ministers on GST rate rationalisation.

The Information & Broadcasting (I&B) Ministry has urged the Ministry of Finance to either exempt the GST on digital news subscriptions or reduce it to five per cent.

A rogue tax officer, a trio of lawyers and a few other people masterminded a fraud, swindling Rs 54 crore from the Goods and Service Tax (GST) Department in the national capital.

Union finance minister Nirmala Sitharaman, targetted by her critics over the 18 per cent GST on life and medical insurance premiums, retorted today that leaders having objection should first have consulted their state finance ministers.

Binance, facing a GST payment of Rs. 772 crore in India, has promised to comply with local authorities. However, the company has yet to provide further details regarding its situation with the DGGI.

Binance has been issued a notice for the payment of Rs. 772 crore in GST charges in India. In conversation with Gadgets360, an official said the notice issued to Binance should be seen by the exchange as an opportunity to present their front of the case and bring their business operations in alignment with India’s legal framework.