Sensex Rises 175 Points To Record High, Nifty Scales 12,200 Ahead Of GST Meet: 10 Things To Know

Domestic stock markets are maintaining their momentum this afternoon ahead of the GST Council meeting. Continuing to trade near all-time highs at 3.00pm, the S&P BSE Sensex index rose as much as 174. 11 to touch 41,526.91 and broader NSE Nifty benchmark was at 12,213, up 34.05 points from the previous close. Gains in steel and select bankng stocks pushed the markets h...

Infosys shares will be in focus on Wednesday, afterCalifornia Attorney General Xavier Becerra said the companywill pay the state $800,000 (nearly Rs 56 crore) to resolve allegations of misclassification of foreign workers and tax fraud. The Sensex had ended 413.45 points - or 1.01 per cent - higher at 41,352.17 and the broader Nifty settled at 12,165.00, up 111.05 poi...

In the meeting, the GST target was set at Rs 1.10 lakh crore every month between December 2019 and March 2020. Of these four months, Rs 1.25 lakh collections have to be achieved in at least one month, the sources said. Gross GST collections, which include the share of both Centre and the states, crossed Rs 1 lakh crore mark in four out of the eight months of the cu...

The GST Council, chaired by Finance Minister Nirmala Sitharaman, is due to meet on Wednesday. Economists, analysts, corporates and market participants will look out for any major announcements on GST rates after the conclusion of the 38th meeting of the top decision-making body of the indirect tax regime. Ever since the roll-out of the GST or goods and services tax in...

GST Council Meeting: The GST Council, the highest decision-making body of the indirect tax regime, is slated to hold its meeting on December 18.

The Shiv Sena on Saturday warned that if the government fails to pay the Goods and Services Tax (GST) compensation, it could trigger a confrontation between states and the centre. The Sena said the centre's policies were responsible for the "economic anarchy" in the country.

Ahead of the crucial meeting of the GST Council, Finance Minister Nirmala Sitharaman on Friday said the buzz of an increase in GST rates is everywhere other than her office.

"Till now, sectors that have demanded some kind of intervention, we have responded to them. I'll be keen to see whether these steps are meeting the expectations of the sectors. If not, I may want to see if I need to do more. As of now, there is no other sector that has approached me as yet," she added

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.