Infosys shares drop 1% after IT major slapped with Rs 32,403 crore GST notice for overseas expenses
Bengaluru/IBNS: Shares of Indian multinational information technology company Infosys dropped 1 percent to the day's low of Rs 1,845.40 on BSE on Thursday (Aug 1) after the IT major was slapped with a RS 32,403 crore Goods and Services Tax (GST) notice by the Directorate General of GST Intelligence over overseas expenses, reports said.
New Delhi/IBNS: Nitin Gadkari, the Union road, transport and highways minister, has written to finance minister Nirmala Sitharaman, seeking withdrawal of the 18 percent Goods and Services Tax (GST) on life and medical insurance premiums, reports MoneyControl.
GST Council tweaks rates for range of products and services
New Delhi: Union Finance Minister Nirmala Sitharaman presided over preliminary discussions with finance ministers from states and Union Territories to gather their perspectives ahead of the upcoming Budget.
Zomato says 'not liable' to pay any tax on delivery charges in response to GST notice
Food delivery giant Zomato has said it is "not liable" to pay any tax on delivery charges responding to a notice served by the Directorate General of Goods and Services Tax Intelligence (DGGI).
28% GST on online gaming: GST Council agrees to review after 6 months of implementation
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced the decision to implement 28% GST on the full face value of bets placed on online games, horse racing, and casinos.
GST Council decides to levy 28 pc tax on online gaming, casinos and horse-racing
New Delhi: The all-powerful GST Council chaired by Union Finance Minister Nirmala Sitharaman on Tuesday decided to impose 28% tax on online gaming, horse racing and casinos.
GST Council Meet: 28% GST to be levied on online gaming, horse racing, casinos
New Delhi: The Group of Ministers (GoM) attending the 50th GST Council Meeting on Tuesday reached a decision to impose a 28 percent Goods and Services Tax (GST) on the entire value of online gaming, horse racing, and casinos.
New Delhi: In an effort to combat fake and fraudulent registrations under the Goods and Services Tax (GST) system, the GST Council has proposed several amendments to the CGST Rules, 2017.
Hotel stay, hospital rooms among items to cost more as GST Council imposes tax: Check out detail
New Delhi/UNI: The GST Council chaired by Finance Minister Nirmala Sitharaman on Wednesday decided to rationalise rates to remove the inverted duty structure and withdraw GST exemption in case of many items leading to a hike in tax rates.
Pre-packed labelled food brought under GST
New Delhi: The GST Council has accepted the recommendations of a group of ministers from states on withdrawing exemptions with a view to rationalising the tax.
GST council meeting defers rate hike on textiles amid opposition from states, industry
New Delhi/IBNS: The GST council meeting chaired by finance minister Nirmala Sitharaman Friday decided to defer the rate of hike on Textiles from 5 percent to 12 percent till the next meeting in February, media reports said.
Zomato, Swiggy to collect 5 pct GST from consumers: Nirmala Sitharaman
New Delhi/IBNS: Food delivery apps like Zomato and Swiggy will collect five per cent Goods and Services Tax (GST) from consumers instead of the restaurant they pick up orders from, Union Finance Minister Nirmala Sitharaman said on Friday.
GST Council extends concessional rate on COVID medicines till Dec 31: Nirmala Sitharaman
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Friday announced that the GST Council has decided to extend the reduced rates on medicines used for COVID-19 treatment till December 31, 2020. The previous deadline was September 30.
GST Council reduces tax on equipment, meds to fight Covid19
New Delhi/IBNS: The Goods and Services Tax Council Saturday slashed taxes on medicines, medical equipment needed in hospitals and other items used to fight Covid-19.
GST Council meet on May 28; likely to discuss States' Covid-related demands
New Delhi/UNI: The Goods and Services Tax Council will meet on May 28 after a gap of seven months amid calls from States for policy measures related to COVID-19 pandemic.