GST Panel May Consider Bringing Petrol, Diesel Under GST Ambit: Report

GST Council might consider taxing petrol, diesel and other petroleum products under the single national GST regime.

Jio Fiber has quietly added quarterly plans to its postpaid broadband portfolio that earlier only had semi-annual and annual plans. The new Jio Fiber postpaid plans start from Rs. 2,097 and go up to Rs. 25,597 (excluding GST).

Taking on Infosys over glitches in the GST and Income Tax portals developed by it, RSS-associated Panchjanya wondered if any "anti-national power is trying to hurt India's economic interests through it".

The investigation took its origin from interception of goods vehicle supported by documents issued in the name of non-existing and fake firms.

The estimated total cost of civil and construction work on Ganga Expressway project is Rs 36,230 crore, and Rs 19,754 crore will be spent on civil works. There is also GST of Rs 2,371 crore on this.

Industrialist Harsh Goenka took to Twitter to ask about taxation on different shapes of Papad. An Indian tax body clarified the issue.

In August government settled Rs 23,043 crore to CGST and Rs 19,139 crore to SGST from IGST as regular settlement.

Papad, whatever its shape or name, is exempted from GST, the government's indirect taxation agency clarified today after a social media post claimed that a round papad is exempted from the tax while a square variant attracts it.

Government has extended the last date for availing the GST amnesty scheme till November 30.

Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automakers for lower taxes.

The National Automobile Scrappage Policy will benefit all stakeholders as it will boost manufacturing, create jobs and help both the Centre as well as state governments in earning up to Rs 40,000 crore each in GST, Nitin Gadkari said.

"I quite agree with automotive sector. Two-wheelers and four-wheelers were not only charged 28 per cent Goods and Services Tax (GST) but we also charged cess, which is much more and as I see it will continue for two more years," he said.

Rising GST collections, revival of car sales and bounce in factory activity in July points to faster pace of economic revival which is boosting the rally in markets.