Nestle Fined Rs 90 Crore For Not Passing On GST Rate Cut

National anti-profiteering agency has penalised the FMCG giant for not passing on the benefit of the goods and services tax reduction to consumers.

The Maharashtra government is awaiting its "legitimate dues" of Rs 15,558.05 crore including GST compensation up to November 2019 from the Centre, Chief Minister Uddhav Thackeray wrote to Finance Minister Nirmala Sitharaman. In his letter the Chief Minister has sought immediate release of the amount.

"The apex committe will be chaired by the Commerce and Industry minister. I will chair one committee. We will soon call a meeting on inter-ministerial discussion with department of revenue, department of financial services, corporate affairs ministry, health ministry, CBDT, CBIC, regulatory bodies like Sebi, RBI to examine the issues raised by the startups," the secre...

As per the arrangement, people with suggestions can approach GST offices across the country and give their suggestions. In a statement on Friday, the Ministry of Finance said: "All GST stakeholders are requested to actively participate in these feedback sessions in their nearest CGST or SGST Offices across the country."

Finance Minister Nirmala Sitharaman on Saturday invited those who are interested in providing suggestions on simplifying and easing the Goods and Services Tax (GST) filing process.

Maharashtra may be among the non-BJP-ruled states which raised alarm about delay in payment of GST compensation recently, NCP leader Dhananjay Munde claimed on Thursday and called for flagging the issue at the Centre's level.

Former union minister and Congress leader Shatrughan Sinha on Thursday said he has no personal enmity with anyone and raised voice against demonetisation and implementation of Goods & Services Tax (GST) in the interest of the people.

Gold prices were last seen at Rs 38,540 per 10 grams in the national capital on Wednesday, according to industry body India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and jewell...

It is embarrassing to come and ask for money, Union Finance Minister Nirmala Sitharaman was told by counterparts from Kerala, Rajasthan, Punjab, Madhya Pradesh, Chhattisgarh and Delhi at a meeting in Delhi today

The figure marked the third largest monthly collection of GST since the launch of the new indirect tax regime in July 2017, behind Rs 1,13,865 crore in April and Rs 1,06,577 crore in March. Also, the GST collection came in above the Rs 1 lakh crore mark for the eighth time, the Ministry of Finance said in a press release.

Of gross Rs 1,03,492 crore in November, Central-GST(CGST) was Rs 19,592 crore, State-GST (SGST) wasRs 27,144 crore, Integrated-GST (IGST) wasRs 49,028 crore (including Rs 20,948 crore collected on imports) and cess wasRs 7,727 crore (including Rs 869 crore collected on imports).

Gold prices were last seen at Rs 38,040 per 10 grams in the national capital on Friday, according to industry body India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and jewellers...

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The Congress, in Rajya Sabha today, raised the issue of the Centre delaying payment of compensation to states for revenue shortfall in the Goods and Services Tax (GST) since August, saying this might lead to stoppage of development work and payments to employees.