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.
The aviation sector in India charges 5 per cent and 12 per cent GST on economy and business class tickets, respectively
Kovind said the government last year introduced the Goods and Services Tax, the most comprehensive tax reform ever seen by the nation.
The Centre on Tuesday released Rs 600 crore to flood-hit Kerala and decided to waive customs duty and GST on the relief materials being imported for the affected people in the state.
Notified in November 2013 during the UPA tenure at the Centre, Article 371J of the Constitution is aimed at all-round development of the state's six northern districts, including Bidar.
The GSTN prepared all its systems based on the draft law but in March last year, the laws were modified.
