New Delhi, Dec 27 (IANS) Wednesday is the last day to revise incorrect claims on input tax credit made by businesses registered under the Goods and Services Tax (GST), the government has announced. In an official statement earlier announcing the deadline of December 27, the Central Board of Excise and Customs (CBEC) had also warned […]
Tag: GST
Telecom Department suggests GST at 12% for sector: Manoj Sinha
New Delhi, Dec 27 (IANS) The Department of Telecommunications (DoT) had recommended to the Department of Revenue during the process of the Budget exercise that a standard rate of GST at 12 per cent for telecom services should be fixed, the Lok Sabha was informed on Wednesday. Communications Minister Manoj Sinha, in a written reply, […]
India to ‘leapfrog’ Britain, France to become 5th largest economy in 2018
By: Arul Louis New York, Dec 27 (IANS) India will “leapfrog” Britain and France to become the world’s fifth largest economy in 2018, ahead of an oncoming major global economic shift towards Asia, according to a British research organisation. The World Economic League Table (WELT) 2018 released on Monday by Centre for Economics and Business Research […]
GST collections fall to Rs 80,808 cr in November
New Delhi, Dec 26 (IANS) The total revenue collected under the Goods and Services Tax (GST) kept falling for the second straight month to Rs 80,808 crore in November from Rs 83,346 crore crore in October, official data showed on Tuesday. GST collection in September was over Rs 92,000 crore. “The total collection under GST […]