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.
In the wake of reports of deposits by Indians soaring in the Swiss banks last year, West Bengal Finance Minister Amit Mitra on Saturday claimed hawala transactions have seen a rise due to failure of GST's automatic digitised process.
According to the government, the GST has greatly benefitted the economy but many including outgoing Chief Economic Advisor Arvind Subramanian are of the view that the multiple tax rates, especially the 28% slab, can be done away with to simplify the regime
Only 21 per cent of the over 32,000 people in 215 districts of India said that their monthly household grocery…
The average monthly collection under GST stood at Rs 89,885 crore during 2017-18.
The Government is planning a mega event to mark the first anniversary of GST roll out on July 1 with…
