Chief Economic Advisor Backs Proposal To Bring Petrol Under GST

Chief Economic Advisor K V Subramanian, however, said the decision will have to be taken by the GST council.

The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East have unearthed a network of fictitious firms used by their operator to generate and pass on fake Input Tax Credit (ITC) of Goods and Services Tax (GST), an official statement said.

Gold, Silver Price Today: Domestic spot gold opened at ₹ 46,151 per 10 grams on Friday, and silver at ₹ 68,395 per kilogram - both rates excluding GST

A nationwide shutdown has been called by top traders' body - the Confederation of All India Traders (CAIT) - over rising fuel prices, the Goods and Services Tax and the new e-Way bill, a permit associated with the movement of goods. Around 40,000 trade associations have extended their support to the shutdown call, protesters have said.

A nationwide shutdown has been called by top traders' body - the Confederation of All India Traders (CAIT) - over rising fuel prices, the Goods and Services Tax and the new e-Way bill, a permit associated with the movement of goods.

Gold Price In India Today: Domestic spot gold closed at ₹ 46,637 per 10 grams on Thursday, and silver at ₹ 70,179 per kilogram - both rates excluding GST

This week, the amount was borrowed at an interest rate of 5.5924 per cent. So far, an amount of Rs. 1,00,000 crore has been borrowed by the government through the special borrowing window at an average interest rate of 4.8307 per cent

Punjab Chief Minister Amarinder Singh Saturday urged Prime Minister Narendra Modi to ensure urgent resolution to the ongoing farmers' "unrest", and an early release of the state's pending GST compensation.

"The Centre and states both generate revenue from petrol. We can think about bringing petroleum under the GST. Maybe it is a solution,'' said Finance Minister Nirmala Sitharaman

Gold Price In India Today: Domestic spot gold closed at Rs 46,439 per 10 grams on Thursday, and silver at Rs 68,700 per kilogram - both rates excluding GST

PM Modi said the government will be spending Rs 7.5 lakh crore over 5 years to build its oil and gas infrastructure.

The induction ceremony of the first five Rafale jets at the Ambala Air Force base on September 10 last cost the exchequer a little over of Rs 41 lakh including Rs 9.18 lakh GST, Defence Minister Rajnath Singh said in Rajya Sabha on Monday.

Describing the Union Budget as "crony-centric", Congress leader Rahul Gandhi on Thursday said the micro, small, and medium enterprises (MSMEs) were given no low interest loans or GST relief which meant that the employers of India's largest workforce were "betrayed".

GST Council decides the rate of taxation after taking into consideration the factors affecting various segments of business as well as to ensure optimum revenue generation required for overall development of the economy