"India On Way To Become Fifth Largest Economy": President To Parliament

Prime Minister Narendra Modi-led government in its second term will implement more economic reforms, raise investment in the farm sector, provide collateral-free loans to entrepreneurs and further simplify GST to boost economic growth, President Ram Nath Kovind said Thursday.

The government will continue to take steps for further simplification of the Goods and Services Tax (GST), President Ram Nath Kovind said Thursday.

The government sent 15 senior tax officials facing probes in corruption cases to compulsory retirement, sending across a tough message to bureaucrats taking kickbacks for facilitating tax evasion by companies.

Karnataka on Saturday sought extension of the Compensation Act beyond 2022 to bridge the revenue gap likely to arise out of a shortfall in the collection of the Goods and Services Tax (GST).

While the auto sector dominates the wish-list for now, experts also feel a relief to the salaried taxpayers and further rationalisation of GST rates will benefit all.

The number of telecom subscribers in the country stood at 1,183.51 million at the end of March 31, 2019, according to TRAI data.

The body also suggested a review of items placed under different tax slabs under Goods and Services Tax (GST) as many of them are overlapping

The wholesale and production numbers in May 2019 have seen a huge drop compared to retail numbers which is the biggest indication that automakers are trying to control their inventories.

Aadhaar card download online: The UIDAI provides a paid service that enables Aadhaar holders to request a reprint online. The reprinted Aadhaar letter is sent to the applicant through Speed Post against a fee of Rs 50 (inclusive of GST and postal charges), according to the UIDAI website. The reprinted Aadhaar letter is handed over to India Post within five working day...

The revenue in May 2019 is 2.21 per cent higher than the monthly average of GST revenue in FY 2018-19 (Rs 98,114 crore)," the official statement said.

The Supreme Court today agreed to examine the powers of tax authorities to arrest an individual for Goods and Services Tax (GST) evasion.

State Bank of India (SBI) account ATM charges: SBI savings account holders with an MAB or monthly average balance - minimum balance - above Rs 25,000 are allowed unlimited ATM transactions at the bank's group ATMs, according to the bank's website. Customers with a monthly average balance up to Rs 25,000 in the previous month are allowed up 10 transactions free of cost...

An officer of the Goods and Services Tax (GST) department jumped to his death from the 30th floor of the World Trade Centre in the Cuffe Parade area of south Mumbai, police said on Tuesday.

According to the report, the positive sentiments can be largely attributed to the rationalisation of GST for under-construction properties