TikTok owner allowed to operate bank accounts

The Bombay High Court has allowed Chinese company ByteDance, which owns the banned app TikTok to operate its Indian bank accounts, that had been frozen by the Goods and Services Tax (GST) authorities over alleged tax evasion. Continue Reading

‘No proposal to bring petrol, diesel under GST’

Amid record-high fuel prices, Finance Minister Nirmala Sitharaman on Monday said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST). Continue Reading

Bharat Bandh today: Traders across India go on strike against GST amendments

Going ahead with their protest against arbitrary regulations and changes in the Goods and Services Tax (GST) and alleged norm violations by e-commerce giants, traders across the country have commenced a day-long strike today . Continue Reading

Will agitate against complex GST system: CAIT

The Confederation of All India Traders (CAIT) has announced that it will launch a nationwide movement against the present Goods and Services Tax (GST) system which it claims has become extremely complicated because of several arbitrary amendments. Continue Reading

GST collection in October crosses Rs 1 lakh cr

The goods and services tax (GST) collected in October rose to Rs 1.05 lakh crore, crossing the Rs 1 lakh crore mark for the first time since February this year, reflecting a pick-up in economic activity and demand. Continue Reading

India in abyss of historic GDP reduction, 12 crore job losses: Rahul Gandhi

In his fresh attack against the Centre, Congress leader Rahul Gandhi today criticised the Union government’s ‘well-planned fight’ against Covid-19. Continue Reading

States get full Rs 1.65 lakh cr GST compensation

In a bid to provide further relief to states amid the coronavirus outbreak, the Finance Ministry has released Rs 13,806 crore as compensation for March 2020 for the states’ revenue loss in the goods and services tax (GST) regime. Continue Reading