Services Activity Contracts For Second Straight Month: Survey

The last time services activity contracted for two consecutive months was in August 2017 following the hasty implementation of a Goods and Services Tax (GST).

Revenue from Goods and Services Tax fell 5.6 per cent year-on-year to Rs 95,380 crore in October.

The CBI has arrested a senior official in the GST department in Lucknow for allegedly demanding bribe from a local businessman, officials said Thursday.

Ms Sitharaman said states will have to make efforts in improving the business climate in India, especially with regard to property registration.

Tax experts and chartered accountants (CAs) said that the new return systems would require a lot of details such as purchases from unregistered dealers.

At present, a large number of companies allow their subsidiaries or a related party to freely use the brand name and logo.

Maharashtra Elections 2019: In a scathing attack on the Narendra Modi-led government, Congress leader Rahul Gandhi on Tuesday accused it of pursuing wrong economic policies like the notes ban and GST, resulting in increased unemployment.

Abhijit Banerjee, Economics Nobel winner this year along with his wife Esther Duflo and Michael Kremer, recently delivered a sharp critique of the Indian economy and rated the fall in consumption as "extremely serious".

Finance Minister Nirmala Sitharaman today admitted before a group of taxation experts that the Goods and Services Tax framework may still have some flaws two years since its introduction, but sharply advised them against "damning" a law that has been passed by Parliament with widespread approval.

Dell on Friday unveiled its OptiPlex 7070 Ultra - a flexible, modular and zero-footprint PC which targets the Banking, Financial Services and Insurance (BFSI) and Information Technology Enabled Service (ITES) sectors.

The GST Council expects the newly formed committee to look into "policy measures and changes in the law", measures to "improve voluntary compliance and improved compliance monitoring and anti-evasion measures" among others.

The Goods and Services Tax (GST) collection has declined to a 19-month low and dropped to Rs. 91,916 crore in September, showed government data released on Tuesday, increasing the risk of fiscal slippage at a time demand remains weak in India. In the previous month, the collection was Rs 98,202 crore, according to the data. There has been a 2.67 per cent drop from rev...

A GST evasion to the tune of Rs 1.5 crore by a Kanpur-based pan masala company, AJ Sugandhi Pvt Ltd, was detected by officials during search operations.

Finance Minister Nirmala Sitharaman said that since August 23, 90 per cent of overdue GST refunds have been cleared.