Besides, the association has sought bringing aviation turbine fuel under the ambit of GST to make air travel "more viable" for all stakeholders
Automobile dealers' body FADA has urged the government to reduce GST rates on two-wheelers to 18 per cent in order to generate demand in the segment.
ICEA has sought a roll-back of GST to 12 per cent from the current slab of 18 per cent on mobile phones
GST officers have arrested one person for operating a syndicate and issuing fake invoices of Rs 4,521 crore for availing input tax credit (ITC) benefit under goods and services tax, an official statement said on Friday.
The auto components industry body is seeking some relaxation from the central government in the Union Budget, including a uniform Goods and Services Tax rate of 18 per cent on all auto parts.
Tax officers will give reasonable time to traders to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax payment form 3B
HDFC Bank is the second largest agency bank to the government for collections of direct taxes, and for GST payments.
A joint commissioner of the Goods and Services Tax (GST) went missing from his office in Mumbai's Mazgaon area on Wednesday, police sources said.
Considering the automobile business to be one of the leading businesses in any given country, it has affected India. The price of the car increased by a huge amount, but the method of implication made it quite different too.
The Delhi government's Goods and Services Tax (GST) department on Saturday unearthed a Rs 347-crore "fake billing scam" involving 11 firms and one person was arrested in connection with it, according to an official statement.
After the massive tax evasion of GST by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence has come down heavily on Cryptocurrency exchanges operating in the country, said sources.
GST revenue collected in December was over Rs 1.29 lakh crore, 13 per cent higher than the same month last year. Though it was lower than Rs 1.31 lakh crore mopped up in November.
After the massive tax evasion of GST by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence has come down heavily on Cryptocurrency exchanges operating in the country, said sources.
Food aggregators like Swiggy and Zomato will have to collect and deposit tax at 5 per cent rate starting today, a move which will widen the tax base as food vendors who are currently outside the GST threshold will become liable to GST.
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