3 Arrested For Rs 225 Crore Tax Fraud In Pan Masala Racket In Indore: GST Officials

Central GST intelligence officers detected a tax evasion of Rs 225 crore after they busted illegal pan masala manufacturing units in Madhya Pradesh's Indore and arrested three people for their involvement in the huge racket.

The ordinary or any parotta served by restaurant for eating there or for takeaway would be taxed at a GST rate of 5 per cent just like the plain roti, government sources said a day after social media users debated the government's move to put frozen parotta on a higher bracket than roti under the goods and services tax or GST.

The government's move to put parotta on a higher bracket than roti under the goods and services tax or GST has angered people on social media, who pointed out that both are similarly prepared flat breads and a staple of most Indian meals.

Billionaire industrialist Anand Mahindra tweeted today highlighting the peculiarity of a recent Goods and Services Taxation (GST) ruling which states that 'parotas' cannot be put in the same food category as 'roti', both of which are similarly prepared Indianflat breads.

The highly awaited scrappage policy and lowering of GST rates could play an essential role in reviving the commercial vehicle sector, which has been facing a constant downward trend for quite some time now. According to a top Ashok Leyland official, the GST rate cut and the scrappage policy will be beneficial in reviving the Indian CV space. As per the report from PTI...

A Pakistani man has been arrested by the central GST intelligence officials for illegally selling pan masala worth crores of rupees in parts of Madhya Pradesh, Maharashtra and neighbouring states even during the lockdown period, officials said on Thursday.

Tamil Nadu has suffered an estimated Rs 35,000 crore GST revenue loss during the ongoing COVID-19 lockdown and various austerity measures have been taken to handle the situation, Chief Minister K Palaniswami said on Saturday.

Minister of Heavy Industries and Public Enterprise Prakash Javadekar on Thursday held a meeting with the auto industry leaders where they suggested ways to restart the industry after the COVID-19 lockdown gets over.

Assam today said that no reimbursement of GST to industries will be allowed in the first quarter of the current financial year, as the state introduced several strict measures to fight the coronavirus crisis with almost no revenue collection.

Congress leader Randeep Singh Sujrewala on Thursday said the fight against coronavirus will not be fought only at the centre but in every nook and corner of the country.

Congress MP Shashi Tharoor has written to Finance Minister Nirmala Sitharaman seeking to waive goods and services tax (GST) and other taxes on essential supplies. "I urge that manufacturers should still be allowed input tax credit so that the purchase price is unaffected. Govt can afford this small loss in a good cause," Mr Tharoor said.

Congress leader Rahul Gandhi on Monday urged the government to waive GST on all COVID-19-related equipment.

OnePlus 8 Pro price in India could be close to Rs. 60,000 and OnePlus 8 price in India is likely to be around Rs. 45,000. Should these phones really be branded as flagship killers at these price points?

The News Broadcasters Association today urged Finance Minister Nirmala Sitharaman to remove the 18 per cent GST on advertisements on broadcast media or reduce it and bring it at par with the print media industry at 5 per cent in the wake of the financial constraints being faced by the industry.