Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains

Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.

In a bizarre case of cyber fraud, a group of fraudsters allegedly procured PAN details of several Bollywood actors and cricketers from their GST Identification Numbers which are available online, and got credit cards issued in their names.

The government will clear the entire goods and services tax, or GST, compensation dues of Rs 16,982 crore from its own pocket today, Finance Minister Nirmala Sitharaman said after a meeting of the council that sets GST rates.

Petroleum products can be part of GST and what is needed is the nod from the council members, said Union finance minister Nirmala Sitharaman on Wednesday.

The West Bengal government on Friday night said the Centre owes it Rs 2,409.96 crore, responding to Union Finance Minister Nirmala Sitharaman's statement that the state has not sent GST compensation cess claim with accountant general (AG) certificate

Ahead of the presentation of the Union Budget for fiscal 2023-24, on Wednesday, Chattisgarh Chief Minister Bhupesh Baghel said locals have put forward a demand for new trains in Jagadalpur and Surguja areas.

The GST Council is the only institution in the country today which is totally federalist, Mr Mitra further argued, saying ministers of 31 states and union territories are part of the council, chaired by the Finance Minister of India.

Congress leader Rahul Gandhi today said Ludhiana's small and medium businesses can compete with China if they are given adequate support even as he attacked the Punjab government and the Centre for not supporting them.

Congress leader Rahul Gandhi on Friday launched a scathing attack on the BJP-led government at the Centre over a host of issues, including the Agnipath scheme and GST.

A Delhi Court has granted bail to an accused allegedly involved in wrongfully passing input credit of GST amounting to Rs 19 crores.

From January 1, GST would not be payable on housing units rented to the proprietor of a proprietary concern for residential usage only, the CBIC has said.

Former Union finance secretary Hasmukh Adhia, who is credited with the successful implementation of the Goods and Services Tax (GST), has been appointed as the chief advisor to Gujarat Chief Minister Bhupendra Patel, an official said on Tuesday.

The Central Bureau of Investigation (CBI) has arrested a Superintendent of Central Goods and Services Tax (CGST), Anti-Evasion Unit, Vashi, Navi Mumbai in an alleged bribery case.

Thousands of farmers held a rally here on Monday under the banner of RSS-affiliated Bharatiya Kisan Sangh (BKS) to press for a rollback of GST on agricultural goods and other demands.