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Politics

States to decide when petroleum products to be taxed under GST: Nirmala Sitharaman

KOLKATA: Union Finance Minister Nirmala Sitharaman on Sunday said that petrol and petroleum products are already under Goods and Services Tax (GST) and the states have to decide when they want them to be taxed under the regime. “Whenever the states are ready to bring in petroleum under the GST, another amendment will not be …

Politics

GST evasion: Centre, state tax officers to share taxpayers information to tighten enforcement

NEW DELHI: Central and state tax officers will share information about taxpayers for enforcement action as the government looks to tighten enforcement measures to check GST evasion. “CBIC launches application for sharing information between Centre and state for targeted enforcement action against GST evasion. A big leap in intelligence sharing and cooperative federalism #GST,” the …

Politics

GST mop-up tops Rs 1.1 lakh crore on high filings, lower leakage

NEW DELHI: GST collections have topped Rs 1.1 lakh crore in January, rising nearly 8% compared to the Rs 1.02 lakh crore mopped up in January 2019, due to better compliance and plugging of leakage on the back of data analytics. At the current level, the collections are the highest since the nearly Rs 1.14 …