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BJP Vs Congress In Delhi, Karnataka As Centre-States Fund Row Heats Up
The BJP and the Congress went head-to-head Wednesday morning over allegations the centre is withholding funds - specifically devolution of tax revenue - to the Karnataka government.
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Ministers' Panel Likely To Suggest Withdrawal Of Exemptions To Select RBI Services
Ministers' panel on rate rationalisation is likely to suggest withdrawal of exemptions given to hospitals with room rates more than Rs 5,000 per day
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GST Council May Consider Raising Lowest Slab To 8%, Rationalise Structure
GST council may look at raising the lowest tax slab to 8 per cent, from 5 per cent and prune the exemption list in the regime
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Karnataka Chief Minister Meets Finance Minister Nirmala Sitharaman
The first meeting of the Group of Ministers set up for rationalising GST rates and to shore up revenue will be held soon, its chairman and Karnataka Chief Minister Basavaraj Bommai said on Friday.
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Government Forms Two Panels To Rationalise GST Slabs, Cut Evasion
Finance Ministry has set up two panels which will look into issues like rationalisation of GST slabs and easing compliance for tax payers.
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Karnataka Demands Extension Of GST Compensation To States Beyond 2022
Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.
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BS Yediyurappa Lacks "Courage" To Fight Against Injustice: Siddaramiah
Karnataka Chief Minister BS Yediyurappa "lacks courage" to fight against "the injustice", senior Congress leader Siddaramiah claimed on Thursday, as he hit out at the state government for accepting the Centre's option of borrowing to meet the shortfall in GST revenues.
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Karnataka Chooses Centre's Option 1 - Will Borrow To Make Up For GST Loss
The BJP-ruled Karnataka today said it has decided to opt for the first among the two options offered by the Central government for borrowing to meet the shortfall in GST revenues, under which the state will be eligible for a total compensation of Rs 18,289 crore.
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Anand Mahindra's Parota Tweet Highlights Oddity of GST Classifications
Billionaire industrialist Anand Mahindra tweeted today highlighting the peculiarity of a recent Goods and Services Taxation (GST) ruling which states that 'parotas' cannot be put in the same food category as 'roti', both of which are similarly prepared Indianflat breads.
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Karnataka Wants Goods and Services Tax Compensation Extended Beyond 2022
Karnataka on Saturday sought extension of the Compensation Act beyond 2022 to bridge the revenue gap likely to arise out of a shortfall in the collection of the Goods and Services Tax (GST).
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HD Kumaraswamy Meets Arun Jaitley Over GST Compensation Period Extension
Karnataka Chief Minister HD Kumaraswamy met Union Finance Minister Arun Jaitley in New Delhi on Thursday and sought extension of the GST compensation period till 2025.
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Bengaluru Businessman Arrested For Evading GST Of Rs 42 Crore
A businessman was arrested Tuesday by the Karnataka commercial taxes department for allegedly evading GST of Rs 42 crore by raising fake invoices of Rs 245 crore in the name of deceased and fictituous people.
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Reduce GST On Pan Masala To 5%: Karnataka BJP Unit To Centre
Karnataka BJP unit today urged the Centre to bring down the GST on pan masala to 5 per cent from the existing 18 per cent and also hike the minimum import price (MIP) of arecanut to Rs 300/kg to save domestic growers reeling under the crisis due to lower prices.
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Demonetisation, GST Were "Massive Damage" To Indian Economy: Rahul Gandhi
Demonetisation and Goods and Services Tax (GST) were "massive damage" to Indian economy and left many unemployed, Congress President Rahul Gandhi said in Karnataka during an interaction with college students.
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In Bengaluru, A 'Satyagraha' Against GST On Homemade Products
A satyagraha against the GST taxation of handmade products is underway in Bengaluru. Veteran theatre personality, Prasanna, has been on a hunger strike since October 14, urging the Centre to rescind the GST on all handmade products in the country.
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BJP Vs Congress In Delhi, Karnataka As Centre-States Fund Row Heats Up
The BJP and the Congress went head-to-head Wednesday morning over allegations the centre is withholding funds - specifically devolution of tax revenue - to the Karnataka government.
-
Ministers' Panel Likely To Suggest Withdrawal Of Exemptions To Select RBI Services
Ministers' panel on rate rationalisation is likely to suggest withdrawal of exemptions given to hospitals with room rates more than Rs 5,000 per day
-
GST Council May Consider Raising Lowest Slab To 8%, Rationalise Structure
GST council may look at raising the lowest tax slab to 8 per cent, from 5 per cent and prune the exemption list in the regime
-
Karnataka Chief Minister Meets Finance Minister Nirmala Sitharaman
The first meeting of the Group of Ministers set up for rationalising GST rates and to shore up revenue will be held soon, its chairman and Karnataka Chief Minister Basavaraj Bommai said on Friday.
-
Government Forms Two Panels To Rationalise GST Slabs, Cut Evasion
Finance Ministry has set up two panels which will look into issues like rationalisation of GST slabs and easing compliance for tax payers.
-
Karnataka Demands Extension Of GST Compensation To States Beyond 2022
Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.
-
BS Yediyurappa Lacks "Courage" To Fight Against Injustice: Siddaramiah
Karnataka Chief Minister BS Yediyurappa "lacks courage" to fight against "the injustice", senior Congress leader Siddaramiah claimed on Thursday, as he hit out at the state government for accepting the Centre's option of borrowing to meet the shortfall in GST revenues.
-
Karnataka Chooses Centre's Option 1 - Will Borrow To Make Up For GST Loss
The BJP-ruled Karnataka today said it has decided to opt for the first among the two options offered by the Central government for borrowing to meet the shortfall in GST revenues, under which the state will be eligible for a total compensation of Rs 18,289 crore.
-
Anand Mahindra's Parota Tweet Highlights Oddity of GST Classifications
Billionaire industrialist Anand Mahindra tweeted today highlighting the peculiarity of a recent Goods and Services Taxation (GST) ruling which states that 'parotas' cannot be put in the same food category as 'roti', both of which are similarly prepared Indianflat breads.
-
Karnataka Wants Goods and Services Tax Compensation Extended Beyond 2022
Karnataka on Saturday sought extension of the Compensation Act beyond 2022 to bridge the revenue gap likely to arise out of a shortfall in the collection of the Goods and Services Tax (GST).
-
HD Kumaraswamy Meets Arun Jaitley Over GST Compensation Period Extension
Karnataka Chief Minister HD Kumaraswamy met Union Finance Minister Arun Jaitley in New Delhi on Thursday and sought extension of the GST compensation period till 2025.
-
Bengaluru Businessman Arrested For Evading GST Of Rs 42 Crore
A businessman was arrested Tuesday by the Karnataka commercial taxes department for allegedly evading GST of Rs 42 crore by raising fake invoices of Rs 245 crore in the name of deceased and fictituous people.
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Reduce GST On Pan Masala To 5%: Karnataka BJP Unit To Centre
Karnataka BJP unit today urged the Centre to bring down the GST on pan masala to 5 per cent from the existing 18 per cent and also hike the minimum import price (MIP) of arecanut to Rs 300/kg to save domestic growers reeling under the crisis due to lower prices.
-
Demonetisation, GST Were "Massive Damage" To Indian Economy: Rahul Gandhi
Demonetisation and Goods and Services Tax (GST) were "massive damage" to Indian economy and left many unemployed, Congress President Rahul Gandhi said in Karnataka during an interaction with college students.
-
In Bengaluru, A 'Satyagraha' Against GST On Homemade Products
A satyagraha against the GST taxation of handmade products is underway in Bengaluru. Veteran theatre personality, Prasanna, has been on a hunger strike since October 14, urging the Centre to rescind the GST on all handmade products in the country.
