Business  /  Published 09.08.21

Higher GST on branded idli

Taste-bud ticklers dosa and idli may turn out a tad sour on the palate after a recent Tamil Nadu tax ruling. The authority for advance rulings (AAR) in the state has said that henceforth branded read...
By R. Suryamurthy in New Delhi

Jharkhand  /  Published 04.08.21

Ranchi: Rs 300cr GST fraud busted

 A financial fraud to the tune of about Rs 300 crore has been detected in Jharkhand by the Central Goods and Service Tax (CGST) department, it announced on Wednesday, releasing  names o...
By Our Correspondent in Ranchi

Business  /  Published 02.08.21

GST collections rebound

GST revenues in July jumped to Rs 1.16 lakh crore, the second-highest collection for the fiscal in a sign of economic revival as states relax their coronavirus restrictions. The data showed the colle...
By Our Special Correspondent in New Delhi

Business  /  Published 02.08.21

Self-stamp of returns over Rs 5 crore

GST taxpayers with a turnover of over Rs 5 crore can now self-certify their annual return, instead of a mandatory audit certification by chartered accountants, the Central Board of Indirect Taxes and ...
By PTI in New Delhi

Business  /  Published 01.08.21

GST revenue at Rs 1.16 lakh cr

GST revenue for the month of July stood at over Rs 1.16 lakh crore, 33 per cent higher than the collection in the same month of 2020, indicating that the economy is recovering at a fast pace, the fina...
By Our Bureau, PTI in New Delhi


Business  /  Published 21.07.21

Only 12% cash outgo in extra spending bill

Finance minister Nirmala Sitharaman on Tuesday sought Parliament’s approval to spend Rs 1.87 lakh crore as gross additional expenditure. Of this, the actual cash outgo will only be Rs 23,675 cro...
By Our Special Correspondent in New Delhi

Business  /  Published 16.07.21

Cloud over GST payout meet

The Narendra Modi-government appears to have hollowed out the demand for a special meeting of the GST Council to discuss the shortfall in compensation cess payable to states after asserting on Thursda...
By Our Special Correspondent in New Delhi

Business  /  Published 15.07.21

Centre releases 75k cr GST compensation

The government has borrowed and given to the states Rs 75,000 crore to make up for the shortfall in their revenues because of the GST implementation. The Finance Ministry in a statement said the amou...
By Our Bureau, PTI in New Delhi

Business  /  Published 08.07.21

Airbus: GST whip on Indian arm

Airbus India’s technical advisory and procurement services for its Francebased holding company are ‘intermediary services’ and liable to 18  per cent GST, the Authority for Adva...
By R. Suryamurthy in New Delhi

Business  /  Published 07.07.21

Stocks yo-yo, bonds dip

The Sensex on Tuesday hit a record high but its climb was thwarted by rising crude prices and lower GST collections in June. The profit booking that ensued saw the Sensex closing marginally lower afte...
By Our Special Correspondent in Mumbai


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