Tamil Nadu Has Suffered Rs 35,000 Crore Revenue Loss During Lockdown: Chief Minister

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.

Nokia 105, Nokia 2.2, Nokia 4.2, and Nokia 3.2 phones are now retailing at Rs. 1,053, Rs. 6,320, Rs. 10,008, and Rs. 8,428, respectively.

Realme 6 price in India now starts at Rs. 13,999 , while the Realme 6 Pro price now starts at Rs. 17,999.

Apple has revised the iPhone 11 Pro Max, iPhone 11 Pro, iPhone 11, iPhone XR, and the iPhone 7 price in India on account of the increased GST that came into effect earlier today.

Oppo Reno 3 Pro, Reno 2, Reno 2F, and Oppo A9 2020 are amongst the smartphones by Oppo that have received a price hike in India in correspondence with the revised GST on mobile phones.

Xiaomi India MD Manu Kumar Jain has announced that the price of Xiaomi, Redmi, and Poco phones in India has gone up starting today as the new GST rates come into effect.

Punjab Chief Minister Amarinder Singh on Saturday sought immediate release of GST compensation arrears of Rs 2,088 crore as well as deferment of instalments of industrial and agricultural loans by commercial banks to help the state fight the coronavirus infection.