Gujarat Man Arrested For 177-Crore GST Fraud

A man has been arrested for allegedly issuing fake invoices to claim Rs 177.64-crore input tax credit, the Central GST department said today.

Proper implementation of the Goods and Services Tax is a work in progress, Gita Gopinath, the Chief Economist of the International Monetary Fund said today. In an interview to NDTV, Ms Gopinath said, "The indirect tax revenues which have come in are weaker than were expected, which is partly a reflection of how it was rolled out and the implementation issues with that...

The 2019 Toyota Camry Hybrid has been launched in India and the Japanese carmaker has impressed with the pricing this time. While we were expecting the all-new Toyota Camry Hybrid to be a couple of lakhs more expensive than the outgoing model given that it has received a significant update, at Rs. 36. 95 lakh (ex-showroom, India) Toyota has managed to price it Rs. 27,...

Services like transportation and admissions are generally outsourced so that institutions can focus on providing quality education.

The government on January 10 announced a change in Goods and Services Tax (GST) rules that would exempt an additional 20 lakh small businesses.

Congress leader and former Finance Minister P Chidambaram on Friday credited the finance ministers of his party in six states for sorting out "the mess" created by the government on GST implementation.

Budget 2019: From a widened fiscal deficit to shrinking Goods and Services Tax (GST) collections, and slowing growth, economists say the government faces a number of challenges as it plans the income and expenses for the coming months.

Prime Minister Narendra Modi met a delegation from the film industry on Thursday in New Delhi

Finance Minister Arun Jaitley on Thursday announced a series of measures under Goods and Services Tax (GST) to boost small businesses, while ruling out any more cuts under the indirect tax system until revenues improve. The decision to hold rate cuts under GST comes in the backdrop of shrinking collections under the indirect tax. "We will consider any further reductio...

Currently, firms with an annual turnover of up to Rs 20 lakh are exempted from registration under a unified national goods and service tax launched in 2017.

World Bank on GDP Growth: In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said.

Indian two-wheeler manufacturers seek reduction in Goods and Service Tax (GST) rate on motorcycles and scooters.

Hitting out at Prime Minister Narendra Modi over notes ban and Goods and Services Tax or GST, Congress President Rahul Gandhi on Saturday dubbed him as an "incompetent man who listens to nobody".

Prime Minister Narendra Modi today slammed Congress president Rahul Gandhi for questioning the Goods and Services Tax despite the government rolling it out after "arriving at a consensus" with all political parties in the country.