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.
The table shows the state-wise figures of GST collected in each State during the month of February 2022 as compared to February 2021.
FAITH mentioned that since the Indian tourism, travel and hospitality industry is just starting to come out of its worst phase, this is the right time to incentivise both tourism demand and tourism supply through rationalisation of GST measures.
Out of the above, collection from petroleum products was Rs 657.99 crore while collection from liquor was Rs 195.43 crore.
He said that on the one hand in pursuance of the vision of PM Narendra Modi, several ministries and state governments are eager to bring more and more sellers on an e-commerce platform but the provision of not allowing sellers without having GST number has become a major deterrent.
A clear message from the Kanpur episode is that the cash economy is alive and kicking. Probably, instead of outlawing cash, the Government should try to integrate the cash economy in the formal economy. Also, Direct and Indirect Tax provisions should be harmonised. That said, ersatz solutions like tinkering with tax rates cannot solve the deep-rooted structural problems of our tax system
