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.

A Bengaluru-based ready-to-cook food maker contends that its products should be treated in the same way as khakhra, plain chapati or roti under the law.

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.

Measures ranged from waiving off late fee to reducing interest on late filing of GST for small businesses as the country battles COVID-19 pandemic.

GST Return: Businesses with a nil GST liability in a month will be able to file their return through form GSTR-3B using this SMS-based facility.

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.

Finance ministry sources said raising GST rates will further hit demand and impede growth

Finance Ministry sources said that a calamity cess might have a counter-productive effect on sales, which are already low

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.

According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 45,914 per 10 grams - excluding Goods and Services Tax (GST).

According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 45,743 per 10 grams - excluding Goods and Services Tax (GST).