Election 2019: Rahul Gandhi Says Committed To GST 2.0 - Single Tax, Simple Filing

Congress president Rahul Gandhi Thursday said if voted to power, his party was committed to simplifying the Goods and Services Tax (GST) by introducing a single tax slab and reducing the number of tax filings from 12 to four in a financial year.

An analysis of about 11,000 home builders by research firm Liases Foras in February showed that developers on average have to repay twice as much in debt each year as the income they generate that can be used to service it.

"Due date for filing GSTR-3B for the tax period March 2019 has been extended to April 23, 2019," a ticker on GST portal 'gst.gov.in'' said.

Former Prime Minister Manmohan Singh today endorsed the Congress' NYAY scheme, claiming that its promise of providing annual income support of Rs 72,000 to each of India's poorest families will not only restart the nation's growth engine but also stimulate demand in a manner leading to increased economic activity and job creation.

Prime Minister Narendra Modi today promised to establish a traders welfare board upon "coming back to power on May 23", the date when votes for the Lok Sabha elections will be counted. He said this at a traders' convention in the national capital, where he announced a series of welfare measures for small shopkeepers such as Rs 50-lakh loan without collateral, credit c...

In December, the GST Council reduced the tax rate on televisions with screen sizes of up to 32 inches to 18 per cent from 28 per cent, which came into effect on January 1, 2019.

The Uttar Pradesh Special Task Force (STF) and the sales tax department have unearthed a Rs 13 crore tax fraud case involving two subsidiaries of a company which carried out the embezzlement by means of bogus invoicing, officials said Saturday.

On social media, the PM's supporters and detractors clash on his trips to Tamil Nadu with hashtags like #GoBackModi feuding with #WelcomeModi. Mr Natarajan's cadres, similarly, try to talk up among voters an alleged 'emotional disconnect' between Tamil Nadu and Delhi since 2014.

Designed as an anti-evasion measure, the e-way bill system was rolled out on April 1, 2018, for moving goods worth over Rs 50,000 from one state to another.

The RBI in its latest monetary policy meeting on Thursday reduced repo rate, the rate at which it lends the banks, by 25 basis points (bps) to 6%.

The report further said that stricter enforcement of overloading ban, implementation of scrappage policy from April 2020, and GST are all expected to positively impact M&HCV market demand.

A local firm's promoter has been arrested for allegedly evading Goods and Services Tax (GST) worth Rs 88 crore by raising fraudulent invoices, officials said Tuesday.

The Congress today released its manifesto for the Lok Sabha polls, making a slew of promises, including giving Rs 72,000 each to five crore poor families under the ''Nyay'' scheme, filling up 22 lakh government vacancies, bringing a separate budget for farmers and fixing a single moderate GST rate.

The data for the last month of financial year 2018-19 - which concluded on March 31, 2019 - also showed that the overall GST collections for the whole year stood Rs 11,77,369 crore.