Rising Invoice Fraud Top Agenda On GST Council Meet On Wednesday: Sources

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.

The new D2H Box Service Plan offers ‘free service of your set-top box’, and this service is priced at Rs. 117 (including GST). This extends your existing box warranty or offers you a fresh warranty for one year.

Congress Rajya Sabha MP P Chidambaram has congratulated the 10 states that "stood firm and rejected" the central government's suggestion that they borrow money to offset GST compensation due to them

The surcharge on luxury goods, which varies from 12% to 200%, is part of the national goods and services tax (GST) introduced in 2017, and was due to expire in 2022.