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Centre releases Rs 24,500 crore to compensate states post GST
News & FAQs | By ALOK PATNIA | Last updated on Dec 30, 2017
The revenue loss to states on account of GST implementation was Rs 24,500 crore between July-October and the Centre has released compensa...
Anti-profiteering body gets 169 complaints
News & FAQs | By ALOK PATNIA | Last updated on Dec 30, 2017
The anti-profiteering authority set up to look into complaints of profiteering from the goods and services tax has so far received 169 co...
E-way bill to boost GST compliance
News & FAQs | By ALOK PATNIA | Last updated on Dec 30, 2017
The mandatory implementation of the e-way bill system from February 1 for all inter-State movement of non-exempted goods will help boost ...
FM says bitcoin is like a Ponzi scheme and it has no value, don’t invest money in it
News & FAQs | By ALOK PATNIA | Last updated on Dec 29, 2017
To invest or not to invest in bitcoin is something that is troubling every investor these days. Bitcoin is a cryptocurrency and worldwide...
GST Cess On Luxury Cars Raised To 25 Per Cent After Government Approval
News & FAQs | By ALOK PATNIA | Last updated on Dec 28, 2017
In yet another unexpected move, the Lok Sabha has approved a bill to hike Cess on luxury vehicles from 15 per cent to 25 per cent. The Ce...
DoT suggests cutting GST on telecom services to 12%: Manoj Sinha
News & FAQs | By ALOK PATNIA | Last updated on Dec 28, 2017
The Telecom Department has suggested the finance ministry that goods and services tax (GST) on telecom services be lowered to 12% against...
Relief to pharmaceutical industry : Expired, damaged drugs returned are not “supplies”
News & FAQs | By ALOK PATNIA | Last updated on Dec 28, 2017
In a significant relief to the pharmaceutical industry, the government has clarified that the expired or damaged goods that are returned ...
No GST on Viability Gap Funding disbursement for UDAN
News & FAQs | By ALOK PATNIA | Last updated on Dec 28, 2017
The government has decided not to levy the Goods and Services Tax on disbursement of Viability Gap Funding extended to select airlines un...
Mobile companies seek additional 6 months to sell pre-GST stock
News & FAQs | By ALOK PATNIA | Last updated on Dec 27, 2017
Mobile handset companies, under the aegis of Indian Cellular Association, have sought additional six months to liquidate pre-GST period d...
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