GST
#Northeast Live Digital Desk
GST Council cuts tax rate on Covid essentials
Union Finance Minister Nirmala Sitharaman said on Saturday that recommendations of Group of Ministers (GoM) set up to look into tax relief on Covid-19 medical supplies have been accepted by the GST Council. The Goods and Services Tax (GST) rate has been reduced from 12 per cent earlier to 5 per cent now on Covid […]
4 years ago#Northeast Live Digital Desk
Meghalaya CM chairs first GoM meet; discusses GST concession of Covid relief materials
Meghalaya chief minister Conrad K Sangma on Thursday chaired the first meeting of the Group of Ministers (GoM) to examine the GST concession and exemption of Covid relief materials. “Chaired the first meeting of the Group of Ministers (GoM) to examine GST concession and exemption of Covid relief materials as mandated by Hon’ble FM @nsitharaman […]
4 years ago#Northeast Live Digital Desk
Arunachal Assembly passes key bills on GST, regulatory reforms for investors
The Arunachal Pradesh Assembly on Thursday passed four key bills, including ones that make amendments in GST clauses and facilitate a business-friendly environment for investors. The bills passed by the assembly are the Arunachal Pradesh Civil Courts Bill, the Arunachal Pradesh Goods and Service Tax (Amendment) Bill, the Arunachal Pradesh Ease of Doing Business Bill […]
4 years ago#Northeast Live Digital Desk
GST revenue collection at all-time high in January, almost touches Rs 1.2 lakh cr
The Goods and Services Tax (GST) revenue during the month of January is the highest since the introduction of GST, and has almost touched the Rs 1.2 lakh crore mark, the Ministry of Finance said on Sunday. This month’s GST revenue exceeded the last month’s record collection of Rs 1.15 lakh crore. As per an […]
4 years ago#Northeast Live Digital Desk
GST revenue collection at ₹1.04 lakh crore in November
Revenue from Goods and Services Tax (GST) stood at over Rs 1.04 lakh crore in November as against Rs 1.05 lakh crore collected in the previous month, the Finance Ministry said in a statement. The collection in November 2020 is 1.4 per cent higher than in November 2019 when the GST mop-up was Rs 1,03,491 […]
4 years ago#Northeast Live Digital Desk
NBF members meet Finance Minister; seeks parity in GST with newspaper industry
Members of the News Broadcasters Federation (NBF) led by president Arnab Goswami today met Union Finance Minister Nirmala Sitharaman to hand over a recommendation requesting for parity on GST with the newspaper industry. As of now, GST on the print media stands at 5% whereas the news broadcasters are charged 18% GST. During the meeting, […]
5 years ago#Northeast Live Digital Desk
Assam: Singers, artistes to now pay 18% GST for earnings from cultural shows
Bihu stage shows and cultural programs have now been brought under the ambit of the GST Act. Singers and musicians will henceforth have to receive payments from Bihu committees and cultural show organizers in cheques and will have to pay 18% per cent of all payments as GST to the Government as per agreements entered […]
5 years ago