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.
KT Rama Rao had urged the weaver community in the state to initiate a postcard protest against the decision of the BJP government at the Centre to impose 5 per cent GST on all handloom products.
After the Centre imposed 5 per cent GST on unbranded labelled and pre-packaged food items weighing less than 25 kg in July, most of the companies are now packing their goods, in excess of 25 kg, in a single packet to be exempted from the tax levy.
Condemning the move, in a statement, the CM questioned the taxing of the sarais including Guru Gobind Singh NRI Niwas, Baba Deep Singh Niwas and Mata Bhag Kaur Niwas which are associated with the Golden Temple. They are meant for the accommodation of the devotees visiting the holy shrine and have always been an integral part of the gurdwara complex.
The BJP wants Congress interim president Sonia Gandhi to apologize and things may escalate when parliament meets on Monday.
Union Minister of State for Finance Pankaj Choudhary said that the GoM included ministers from states like Karnataka, Bihar, Kerala, Goa, Uttar Pradesh, Rajasthan, West Bengal. This GoM takes decisions unanimously.
