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 search operation was conducted by the Office of the Deputy Commissioner of State Tax, Range-A, Lucknow.
Union Minister for Finance Nirmala Sitharaman will inaugurate the one-day conference and will also deliver the keynote address.
The government had defended the move, citing concerns about addiction. The Revenue Secretary said the industry has stabilised, but it is early to make conclusive remarks.
Delhi Lieutenant Governor VK Saxena has given his assent to The Delhi Goods and Services Tax (Second Amendment) Bill, 2023 which will ensure uniformity between Central and State legislations on the subject.
In a dubious distinction, the maximum number of fake companies were busted in Maharashtra and the highest amount of GST…
