The Centre has detected goods and services tax (GST) evasion worth Rs 824.14 crore by crypto exchanges, such as Binance, WazirX, CoinDCX, and CoinSwitch Kuber, the Lok Sabha was informed.
CII Eastern Region, today, facilitated an interactive session with Shrawan Kumar, IRS, chief commissioner, CGST & Central Excise Kolkata and Manoj Kumar Kedia, IRS, principal commissioner, CGST & Excise Kolkata, with various industry stakeholders in Kolkata.
The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance.
It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh crore mark.
The officials from the Kerala Goods and Services Tax (GST) department have seized 104 kg of unaccounted gold valued at around Rs 75 crore in massive raids across gold jewellery-manufacturing units, wholesale outlets and residences in Thrissur district. The raids began on Wednesday and concluded on this morning.
Accused allegedly issued fake GST invoices worth more than Rs 2,000 crore to various companies without supplying goods and availed input tax credit worth Rs 265 crore
The expenses of the government have defied gravity, revenues are southwards-bound, while the finance minister is committed to limiting its fiscal deficit to no higher than 3.3 per cent of the country’s gross domestic product.
The Parliament will meet for the Budget session from today till February 13 with the interim budget to be presented on February 1.
After the initial hiccups GST is touted as now settling to provide the comfort blanket for producers of goods and services as also consumers, after having been blamed for the economy’s slowdown along with demonetization.
He also sought granting a special package for disaster management of at least Rs 1,500 crore to build more cyclone shelters and improve early warning systems in the state.
