The 49th GST meeting is being held after the presentation of the union budget earlier this month which offered to extend the 50-year interest-free loan to states for another year
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AIIFA said that the induction furnace sector contributes around 35% to the total steel production in India, requesting the government to rationalise the GST structure
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Source: https://taxguru.in/goods-and-service-tax/representation-suggestions-important-gst.html
Myself Manoj Agarwal, Advocate have been making my little efforts in sharing knowledge on GST at various platforms in the name of GSTsathi. I am making active contribution since the introduction of Constitution Amendment Bill leading to 101st Amendment Act, 2016.
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Sitharaman says the government had kept micro, small and medium enterprises in mind while making the budget, which also emphasised on strong capital expenditure by the Centre and sustaining eonomic growth momentum
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December quarter (Q3FY23) results show that recovery compared to the pre-covid levels has been underwhelming.
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New Delhi: Once states make up their mind on the timing of including crude oil and select petroleum products into Goods and Services Tax (GST) and determine a tax rate, these will be subsumed into the new indirect tax system, Finance Minister Nirmala Sitharaman said at an event.
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Industry-specific data on tax evasion was not immediately available but as per official records, between July 2017 and August 2020, over ₹93,400 crore of GST evasion was detected by central and state authorities and over 400 arrests made across industries.
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NEW DELHI : The GST audits undertaken by the indirect tax administration in the current financial year have led to the detection of ₹22,000-crore tax evasion from nearly 48,000 cases so far, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said in an interview.
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Addressing a post-Budget interactive session with the members of the industry chamber PHDCCI on Wednesday, Sitharaman said that petroleum products could be included under GST if there was agreement among the states.
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Source: https://www.livemint.com/news/india/gst-council-meet-on-saturday-11676308442841.html
The Council is expected to discuss the issues that were on the agenda at its last meeting but could not be taken up
NEW DELHI : Federal indirect tax body, the GST Council will meet on Saturday to discuss a host of issues including states' revenue position and setting up new GST Tribunals.