Under the able leadership of Haryana Chief Minister Nayab Singh Saini, who is also the Excise and Taxation Minister of the state, the Excise and Taxation Department has achieved significant growth in the collection of Goods and Services Tax (GST).
Vodafone Idea (Vi) stated through a filing to the Bombay Stock Exchange (BSE) on Friday that it plans to appeal against a Rs 16.73-crore Goods & Services (GST) demand order it has received from the Deputy Commissioner of the Large Taxpayer Unit of West Bengal.
Leader of Opposition in Lok Sabha Rahul Gandhi, who is on a two-day visit to his parliamentary constituency here, on Thursday said unemployment is on the rise in the country due to demonetisation and GST imposed by the BJP-led NDA government at the Centre.
Union Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation.
Mr Mitra, while opposing the Union Budget alleged that the Union government has announced 100 per cent FDI (foreign direct investment) in insurance sector but simultaneously it has not stopped collecting 18 per cent GST.
Talking about Kerala's potential for being an Industrial state and on upcoming investments in the state Vijayan said
Chief minister Mamata Banerjee said the entire expense will be borne by the state government since the central government has stopped all the development funds meant for the state.
A simple solution to control time and cost overruns would be to condense the timeline of all Government projects to one year. Typically, each Government Department has scores of projects running simultaneously. Budget allocations are made in a way that some projects hibernate while others are speeded-up. If a time period of one year is uniformly allocated for all Government projects, starting from 1 April, cost and time overruns could be easily monitored
A high-level Parliamentary panel has suggested to the government to look into the possibility of developing a mechanism for online audit in GST, in order to make the process more efficient and less intrusive.
The budget was completely silent on any tax revisions on bidis or smokeless tobacco, which are consumed by most Indian tobacco users. It is pertinent to mention here that cigarettes account for only 15 per cent of tobacco users in India. There are reports which establish that cigarette smokers switch to bidis when cigarettes become exorbitant; this is equally detrimental to health. For public health professionals this negligible tax increase on cigarettes in the Union Budget and leaving taxes on other tobacco products unaffected was a major disappointment
