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.
Shiv Sena said that the slowdown is evident in the subdued Diwali celebrations this year.
During an interaction with businessmen, entrepreneurs, CAs and others in Pune, Sitharaman asked tax professionals not to curse the GST system and sought their help to make it better.
When both savings and consumption are necessary for the economy to maintain a rhythm, the FM must see that the middle class, being the largest section of both population and tax-payers, can have both at ease.
It is for the first time that the Government has admitted that there is a problem with the economy. Earlier Governments had a tradition of appointing outstanding economists to important positions in the Finance Ministry. It is time that the present Government revived this tradition and hired some really talented people, without bothering too much about their ideological inclinations.
The Central government’s move was welcomed by Shimla Hotel and Restaurant Association (SHRA) and said the tax cuts were a historic and major boost to the economy that will benefit Indian consumers, especially tourism in the state.
