The central government has given the mandate to check Goods and Services Tax (GST) related profiteering by businesses to anti-trust watchdog Competition Commission of India (CCI) from 1 November, as the term of the National Anti-profiteering Authority (NAA) comes to an end.
Read MoreNEW DELHI : Telcos have asked the government to provide a clear definition of adjusted gross revenue based on which the industry’s levies and charges are calculated, besides seeking refund of ₹32,000 crore input tax credit on goods and service tax, as part of its key demands ahead of the Union Budget.
Read MoreThe ministerial panel on online gaming, casinos and race-course appointed by the Goods and Services Tax (GST) Council met on Tuesday but could not arrive at a consensus on a tax framework for these industries.
Read MoreThe pandemic resulted in severe supply disruption across the globe, and as result the freight rates are much higher today than it was during pre-pandemic.
Read MoreGOVERNMENT OF INDIA MINISTRY OF FINANCE, DEPARTMENT OF REVENUE OFFICE OF THE PRINCIPAL CHIEF COMMISSIONER OF GST AND CENTRAL EXCISE TAMIL NADU AND PUDUCHERRY NO. 26 /1, MAHATMA GANDHI ROAD, CHENNAI 600 034 Ph : (044)28331010 Fax : (044) 28331015
Read MoreWith the Union Finance Minister Nirmala Sitharaman met infrastructure industry experts at the customary pre-budget meeting, the later sought rationalisation of Goods and Services Tax (GST), easier bank credit and a hike in public expenditure.
Read MoreNew Delhi: The panel of state finance ministers is likely to recommend a uniform GST levy of 28 per cent on online gaming irrespective of whether it is a game of skill or game of chance, sources said.
However, it is likely to suggest a revised formula for calculating the amount on which the Goods and Services Tax (GST) would be levied.
On the sidelines of the Chief Minister's meeting, West Bengal Chief Minister Mamata Banerjee is likely to meet PM Modi on 5 December and discuss sensitive issues like the release of state's dues by the Union government, erosion by river Ganga and arrears pending for the implementation of MGNREGA in West Bengal, an official informed on Sunday.
Read MoreMandatory furnishing of correct and proper information of ineligible Input Tax Credit and reversal thereof in Form GSTR-3B
Read MoreSource: https://www.livemint.com/economy/data-recap-exports-dip-population-crosses-8-bn-11668701435390.html
Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Merchandise exports contracted for the first time in nearly two years in October, while inflation cooled off on the back of a favourable base. Meanwhile, the world population hit 8 billion.
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