Page-4 of Goods and services tax Current Affairs, GK & News

IGNOU launches an awareness programme on GST in collaboration with BSE

The Indira Gandhi National Open University (IGNOU) has launched an awareness programme on Goods and Services Tax (GST) in collaboration with Bombay Stock Exchange (BSE) Institute Limited to help small scale businesses. The purpose of the GST programme is to impart basic knowledge and skills required to fulfil various requirements under the GST Act. It ..


8.80 Million turns out to be ‘stop filers’ in Demonetisation year

Income Tax Returns have seen a upward surge in tax compliance aftermath of demonetisation and GST introduction. However according to a report, around 8.80 million taxpayers turned out to be ‘stop filers’ i.e. those who did not file tax returns in a given year despite doing so in the financial year 2016-17, the year when ..


New Delhi hosted 34th GST Council meet on GST rate

The 34th GST council meet was held on 19th March, 2019 at New Delhi. The meeting was held to decide on modalities for GST applicability on Real Estate Sector. The meeting has discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate of 1% in case ..


Sudhir Mungantiwar convenor of newly constituted Group of Ministers (GoM) to look at issues related to lottery under GST

In pursuance of decision in the 32nd Meeting of GST Council held on 10th January 2019 at New Delhi, a Group of Ministers (GoM) on issues relating to lottery has been constituted. The ministerial panel headed by Maharashtra Finance Minister Sudhir Mungantiwar will examine uniformity of taxation on lottery under GST or other issues arising ..


GoM to address GST issues related of the Real Estate Sector

The Union government has set up a seven-member Group of Ministers (GoM) to examine and suggest ways to resolve the issues plaguing the real estate sector after the implementation of the Goods and Services Tax (GST). Terms of Reference The Terms of reference of the panel are: Suggest a plan of action to address the ..



MP government launches farm debt-waiver scheme ‘Jai Kisan Rin Mukti Yojana’

In Madhya Pradesh, Chief Minister Kamal Nath launched the Rs 50,000-crore farm debt-waiver scheme named ‘Jai Kisan Rin Mukti Yojana’ on January 16, 2019. It would benefit 55 lakh small and marginal farmers. Under this scheme, Farmers who have registered themselves to pay GST and are paying income tax cannot avail benefits.