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GST

Haryana achieves significant growth in GST collection

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 to appeal against Rs 16.73 cr GST demand

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.

Conspiracy to benefit international lobby: Amit Mitra

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.

Insensitive tax

The finance ministry has argued that sanitisers attract GST at the rate of 18 per cent because these are like soaps and antibacterial liquids, all of which attract duty at the standard rate of 18 per cent. If so all of them should either be taxed lower or spared the burden of tax.

GST Crisis

Several state finance ministers through a video conference have already discussed the post-Covid economic situation and underlined the need for some form of aid especially for the MSME (micro, small and medium enterprises) sector which was hit hard by the pandemic and the subsequent lockdowns.