Goods and services tax Current Affairs, GK & News
Goods and Services Tax is a comprehensive indirect tax which is to be levied on the manufacture, sale and consumption of goods and services in India. This is so far the biggest tax reform in the country. GST eliminates the cascading effect of taxes because it is taxed at every point of business and the ..
The Group of Finance Ministers has approved bringing the intra-state movement of gold within the ambit of the e-Way bill. However, the panel of ministers has left the final decision to introduce it or not to the individual states as they would be the correct authority to take a call regarding this. What is an ..
Category: Economy & Banking Current Affairs
The Goods and Services Tax Council chaired by the Union Finance Minister announced that it has decided to increase GST rates on mobile phones to 18 per cent from 12 per cent with effect from 1st of April. The Council also waived the late fee for delayed filing of annual returns for the financial years ..
To improve the performance of the Goods and Services Tax Network (GSTIN) filling portal, The Government of India has entered into a partnership with Infosys, which has been managing the Goods and Service Tax regime as the service provider in the country. The technological measures adopted under the partnership will be announced in April 2020. ..
Under the chairmanship of Revenue Secretary of Ministry of Finance, Dr. Ajay Bhushan Pandey, The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax held on Tuesday, 7th January 2020, where the conference concentrated for streamlining Goods and Services Tax (GST) system and blocking up revenue leakages. Among ..
The Goods and Services Tax (GST) revenue collection for the month of December 2019 has shown a growth of 16% as compared to that from the previous year in December 2018. A total of Rs 1,03,184 crore has been collected as GST revenue in the month of December 2019. The breakdown of the collection: Central ..