Top Court Upholds Levy Of GST On Lotteries, Betting, Gambling

Supreme Court Thursday held that the levy of Goods and Services Tax (GST) on lotteries, betting and gambling does not amount to hostile discrimination and is not violative of right to equality under the Constitution.

AMD Radeon RX 6800 XT graphics card will cost Rs. 64,990 (SEP) in India. This price is exclusive of GST. But the company has not shared exact dates for its availability.

The COVID-19 situation in West Bengal is being addressed aptly, Chief Minister Mamata Banerjee told Prime Minister Narendra Modi during a video conference today, an official said.

The law committee of the goods and services tax (GST) council will meet on Wednesday in Delhi to discuss invoice frauds, tightening of registration process and consider amendments in the GST law, Finance Ministry sources have said.

West Bengal Finance minister Amit Mitra has written to Union Finance minister Nirmala Sitharaman urging her to convene a meeting of the GST Council for discussions on Centre's borrowings to meet the collection shortfall.

Citing a rise in GST collections, highest manufacturing Purchasing Managers' Index (PMI) and data of other economic parameters for October, the BJP on Tuesday said the figures show that under the leadership of Prime Minister Narendra Modi the country's economy is moving in the right direction and is on an upward trend.

Maruti Suzuki India Ltd, India's biggest carmaker, said on Thursday there was no immediate need for the government to cut taxes (GST) on cars to boost sales even as it warned of uncertainty in demand after December.

The amendment notified by the Road, Transport and Highways ministry will help the physically challenged citizens properly avail various benefits and financial incentives available while purchasing a new vehicle.

The home-grown automaker, Tata Motors has recently stated that any kind of support from the Government of India towards GST reduction would help the passenger vehicle segment immensely.

After four months of confrontation over GST (Goods and Services Tax) dues, the central government has decided to borrow up to ₹ 1.1 lakh crore on behalf of states. Finance Minister Nirmala Sitharaman has, in a letter to states, explained the reason for the turnaround.

Senior Congress leader P Chidambaram on Thursday welcomed the change in the position of the central government which will now borrow Rs 1.1 lakh crore and extend it to states to make up for the shortfall in the GST compensation.

Private hospitals in Kolkata have welcomed the state government's decision to reduce the cost of COVID-19 test from Rs 2,250 to Rs 1,500 as well as fixing rates for ambulance services.

There was no consenus to break deadlock between centre and states over mode of payment of GST compensation, Union Finance Minister Nirmala Sitharaman said late Monday night after yet another marathon meeting of the GST Council

A man has been arrested on charges of creating and operating fictitious firms on forged documents and passing fake input tax credit (ITC) of Rs 190 crore, the Directorate General of GST Intelligence (DGGI) said on Friday.