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.
Some policy changes may be required to rejuvenate the economy, the first being to remove the focus from big business and promote small enterprises, primarily, by reducing their burden of taxation. As of now, the tax structure favours the rich; the rate of taxation on firms and individuals is almost double the corporate tax rate.
The group had also registered grievances on the Administrative Reforms and Public Grievances portal and received a response.
Both Mr Roy and Basu pointed out that on 9 May, chief minister. wrote to the Prime Minister requesting him to waive GST from oxygen, vaccination and other Covid related drugs.
Tax experts, however, said that since the April collections reflect economic activity in March, the GST mop-up in the coming months could see a decline owing to lockdowns in certain parts of the country to curb surge in Covid cases.
The network of fictitious companies was being operated by one Naresh Dhoundiyal in connivance with one Devender Kumar Goyal, who is a Charted Accountant by profession.
