Coronavirus Pandemic: Punjab Seeks Over Rs 2,000 Crore GST Compensation

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.

The Society of Indian Automobile Manufacturers (SIAM) has welcomed the Finance Ministry's decision in the wake of the COVID-19 pandemic. Earlier today, Finance Minister Nirmala Sitharaman announced a range of steps for the extension of statutory and regulatory compliances in order to stabilise the Indian economy. The central government has formed an Economic Task Forc...

The last date for filing of GST Returns for March, April and May 2020 has been extended to June 30, finance minister Nirmala Sitharaman announced today amid a number of relief measures following the crisis triggered by coronavirus. There have been expectations of GST relief as small traders and businessmen struggled over the last weeks as state after state announced l...

Finance Minister Nirmala Sitharaman on Tuesday announced a slew of relief measures for taxpayers and businesses as the country entered a second day of lockdown to curb the coronavirus (COVID-19) outbreak. Announcing a relaxation in the due dates for filing of certain income tax as well as Goods and Services Tax (GST) returns, Nirmala Sitharaman said the government is ...

According to Mumbai-based industry body IBJA or India Bullion and Jewellers Association, the indicative selling price of gold jewellery stood at Rs 40,750 per 10 grams (excluding GST) in the first half of the day.

"I liked an ice-cream at Karan Johar's place and as a kind gesture he sent some home," wrote Kartik Aaryan

With the GST Council, headed by Finance Minister Nirmala Sitharaman, increasing the GST on mobile phones from 12 percent to 18 percent on Saturday, industry experts feel it would hit the industry and the consumers hard.

The GST Council on Saturday decided to increase GST rates on mobile phones to 18 percent from 12 percent with effect from April 1, Finance Minister Nirmala Sitharaman said

Among other decisions, the council rationalised the GST rates on handmade and machine-made matchsticks to 12 per cent

According to Mumbai-based industry body IBJA or India Bullion and Jewellers Association, the indicative selling price of gold jewellery stood at Rs 43,520 per 10 grams (excluding GST) in the first half of the day.

The Central Bureau of Investigation has registered a case against Deepak Pandit, an Assistant Commissioner of Goods and Service Tax and Central Excise, on corruption charges for amassing assets worth over Rs 3.96 crore which are 376 per cent above his known sources of income, officials said on Friday.

The GST Council, led by Finance Minister Nirmala Sitharaman, had in December last year decided to increase the rate as well as implement a single rate for lotteries. Buyers of tickets for lotteries would now have to shell out 28 per cent.

An employee of the GST Bhavan showed immense courage and patriotism when he climbed nine floors of the fire-hit building on Monday to save the national tricolour from being burnt.

A fire broke out on the eighth floor of a government building in Mumbai's Mazgaon today. In visuals, black smoke is seen billowing out from the windows of the GST Bhavan. Firefighters said no one was injured or trapped.