The Centre has detected goods and services tax (GST) evasion worth Rs 824.14 crore by crypto exchanges, such as Binance, WazirX, CoinDCX, and CoinSwitch Kuber, the Lok Sabha was informed.
CII Eastern Region, today, facilitated an interactive session with Shrawan Kumar, IRS, chief commissioner, CGST & Central Excise Kolkata and Manoj Kumar Kedia, IRS, principal commissioner, CGST & Excise Kolkata, with various industry stakeholders in Kolkata.
The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance.
It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh crore mark.
The officials from the Kerala Goods and Services Tax (GST) department have seized 104 kg of unaccounted gold valued at around Rs 75 crore in massive raids across gold jewellery-manufacturing units, wholesale outlets and residences in Thrissur district. The raids began on Wednesday and concluded on this morning.
The GST council will on Wednesday take a final call on levying 28 per cent GST on online gaming, casinos, and horse racing, amid requests from the gaming industry to revoke the decision, claiming that it will hurt the nascent sector's growth.
The online gaming industry in India has gained currency in recent years and has particularly attracted the youths of our country. Given the humongous rise in the need for diverse and challenging games which were essentially accelerated during the pandemic and thereafter, it clearly evidences that online gaming is here to stay.
The Congress has been critical of the government's move of demonetisation, when on November 8 in 2016 the Rs 500 and Rs 1,000 were spiked.
The government on Monday issued a clarification regarding taxability of services provided by an office of an organisation in one state to the office of that organisation in another state.
The GST Council in its 50th meeting on Tuesday, presided over by Union Finance Minister Nirmala Sitharaman, exempted cancer treatment drugs, special medicines, and food for medical purpose from levy of the Goods and Services Tax
