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GST

News Reports

GST exemption on hand-sanitiser has the potential to increase price of domestic products and incentivise import from China: Read how

OpIndia Staff -
Exemption of GST on a product blocks the input tax credit available for a manufacturer, which gets added to the retail price
News Reports

Making sense of the tax on parota vs roti debate: Read what the GST authority’s ruling exactly says

OpIndia Staff -
The tax order saying parotas are not rotis is applicable only for packaged parotas, and not for regular parota available at restaurants
News Reports

GST authority rules that packaged parotas are not rotis and they will attract 18% tax

OpIndia Staff -
GST authority says Patoras are not completely cooked before packing and consumer has to heat it, therefore they are not same as rotis & will be taxed 18%
News Reports

Indore: Raids on Paan Masala businesses owned by alleged Pakistani nationals for tax fraud, Sanjay Mata sent to judicial custody

OpIndia Staff -
The DGGI arrested Sanjay Mata Under the GST Act and produced him in the court of special judge from where he was sent to judicial remand till 17 June.
News Reports

Industry bodies reject Rahul Gandhi’s demand for GST waiver on COVID-19 related equipment, say they don’t need any exemption

OpIndia Staff -
Former Congress President Rahul Gandhi had posted a tweet demanding the government to exempt coronavirus treatment related equipment from GST
News Reports

GST council meeting: GST on mobile phones increased from 12% to 18% to correct inverted duty structure

OpIndia Staff -
GST on mobile phones increased from 12% to 18%, reduction in GST on MRO services of aircraft from 18% to 5%.
Politics

Modi sarkar faces criticism because it finishes tasks that weak Congress could not

Abhishek Banerjee -
The Congress has been around long enough that every idea, whether good or bad, has been circulated by it.
Economy and Finance

MSME in Budget 2020: Debt Restructuring Window extended by a year, NBFCs to extend invoice financing to MSMEs

OpIndia Staff -
Addressing the concerns of MSME in Budget 2020 was crucial towards reviving the economy amidst a global slowdown
Economy and Finance

GST collection crosses Rs 1 lakh crore in December with 16 percent annual growth, second month in a row

OpIndia Staff -
According to the press release, Arunachal Pradesh showed the highest rate of growth of gross GST in December at 124%, while GST collection in Lakshadweep fell by 78% and in Jharkhand by 3%.
Economy and Finance

Despite job loss rumours, Parle’s net profit rises 15.2% to Rs 410 crores in FY19: Report

OpIndia Staff -
Parle Biscuits' net profit for FY19 stands at Rs 410 crores.
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