Latest Goods and Services Tax News & Updates

New Delhi, June 10 (IANS) The National Democratic Alliance (NDA) on Wednesday passed a resolution marking 12 years of the Narendra Modi-led Union government, describing it as a defining phase of “people-centric development, participative democracy and performance-oriented governance”. The resolution was adopted at a high-level NDA meeting in New Delhi, where coalition allies congratulated Prime Minister Narendra Modi for becoming the longest-serving democratically elected Prime Minister in conse…

Bhubaneswar, June 8 (IANS) The Biju Janata Dal (BJD) on Monday strongly criticised the BJP-led (Odisha) “double-engine” government over the rising prices of petrol, diesel, LPG and other essential commodities, alleging that the continued increase in fuel prices is placing a severe burden on common people despite a decline in global crude oil prices. Addressing a press conference at Shankha Bhawan in Bhubaneswar, Biju Mahila Janata Dal President Snehangini Chhuria stated that the prices of pe…

New Delhi, June 3 (IANS) Over the past 12 years, the Government has steadily empowered India’s middle class through wide-ranging reforms. A sharp reduction in taxation, improved banking access, wider insurance coverage, and expanded pensions have reduced financial stress. Subsidised loan rates and digital reforms have also made savings, borrowing, and financial planning more accessible and convenient. The government’s tax reforms have significantly eased the financial burden on the middle cl…

New Delhi, June 1 (IANS) The gross Goods and Services Tax (GST) collections rose 3.2 per cent year-on-year to around Rs 2 lakh crore in May, despite geopolitical tensions in West Asia, according to government data released on Monday.As per data, gross GST revenue stood at Rs 1,94,184 crore in May, compared to Rs 1,88,172 crore in the same month last year. Meanwhile, net GST collections reached Rs 1,66,904 crore, a growth of 3.3 per cent over the corresponding period last year.Total refunds durin…

Mumbai, May 29 (IANS) Shares of gaming companies came under heavy selling pressure on Friday after the Supreme Court upheld the government’s retrospective imposition of 28 per cent Goods and Services Tax (GST) on online gaming platforms.Delta Corp — that operates licensed casinos and luxury hotels — shares declined as much as 17.76 per cent to hit an intraday low of Rs 66.60 on the BSE from the previous close.Meanwhile, Nazara Technologies — a diversified gaming and sports media platform — s…

New Delhi, May 26 (IANS) This day, exactly 12 years ago, India stepped into a new political era as Narendra Modi took oath as the 15th Prime Minister of the country at the forecourt of Rashtrapati Bhavan in New Delhi. The day was significant because on May 26, 2014, he led the Bharatiya Janata Party (BJP) to a 282-seat victory, crossing the majority mark in the 543-member Lok Sabha. It marked the first time in three decades that a single party secured an outright majority in the Lok Sabha. It wa…

Mumbai, May 25 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Monday lauded Prime Minister Narendra Modi’s leadership and vision, stating that the last 12 years have been truly historic and transformative. He said the nation has shed its image of dependency and emerged as an ‘Atmanirbhar Bharat’ with enhanced global prestige and self-respect.He noted that these 12 years were marked by structural, economic and social reforms that broke decades of policy paralysis. He highlighted key…

New Delhi, May 20 (IANS) Rajya Sabha MP Sasmit Patra met Finance Minister Nirmala Sitharaman on Wednesday and submitted a detailed representation urging the initiation of structured national deliberations on the inclusion of petrol and diesel under the Goods and Services Tax (GST) framework. In his representation, Patra emphasised that the constitutional framework under Article 279A(5) already envisages the eventual inclusion of petroleum products within GST through the recommendation of the GST…

New Delhi, May 16 (IANS) Twelve years ago, this day, on May 16, 2014, electors of India delivered a clear mandate to elect a stable government of the National Democratic Alliance (NDA) led by the Bharatiya Janata Party (BJP) under Prime Minister Narendra Modi. It was a vote against alleged corrupt practises and reported coalition frictions during the Congress-led United Progressive Alliance (UPA) regime.That day “something special happened”, according to the Prime Minister himself.”On this very …

Amaravati, May 14 (IANS) The government of Andhra Pradesh has set a target of ₹1.27 lakh crore revenue during the current financial year.​ Chief Minister N. Chandrababu Naidu on Thursday directed all revenue-earning departments to intensify efforts to increase the state’s own revenues while aggressively pursuing pending central funds.​Reviewing the performance of key revenue departments at the Secretariat in Amaravati, the Chief Minister said Andhra Pradesh must convert growing investmen…