GST Council Decides To Extend Compensation Cess Till March 2026

<!– –> Nirmala Sitharaman chaired the 45th GST Council meeting in Lucknow on Friday. New Delhi: The Goods and Services Tax (GST) Council on Friday decided to extend compensation cess till March 2026 for repaying loans. “Detailed financial statements have been worked out, based on which we learn that cess will have to be collected till March 2026, purely to pay back loans taken between 2020-21 and 2021-22,” Finance Minister Nirmala Sitharaman stated while briefing media on the outcome of 45th GST Council meeting. Compensation cess is given to the…

Record 2.25 Crore Jabs In India On PM Modi’s 71st Birthday Today

<!– –> Coronavirus Vaccination: The campaign is key to BJP’s three-week celebrations to mark PM’s birthday. New Delhi: India crossed 2.25 crore Covid vaccinations in a day for the first time today as the government raced to deliver a record on Prime Minister Narendra Modi’s birthday. The government had set out today with a target of 2.5 crore vaccinations. China inoculated the most number of people in a day – 2.47 crore – in June. In the evening, as the country crossed the two crore-mark, the World Health Organization’s South-East Asia…

Swiggy, Zomato To Collect GST. Why It Won’t Affect Food Orders

<!– –> New Delhi: Food delivery apps like Zomato and Swiggy must pay GST, or Goods and Services Tax, instead of the restaurant they pick up orders from, Finance Minister Nirmala Sitharaman said Friday evening after a meeting of the GST Council in Uttar Pradesh’s Lucknow. At present these apps are registered as TCS, or Tax Collected at Source, in GST records. Speaking to reporters after the GST meeting, Revenue Secretary Tarun Bajaj clarified that no new taxes were being announced. “Suppose you order food from the aggregator… now the…

“Wasn’t Time To Bring Petrol, Diesel Under GST”: Nirmala Sitharaman

Breaking News “Wasn’t Time To Bring Petrol, Diesel Under GST”: Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Friday stated that the Goods and Services Tax (GST) Council discussed the topic of inclusion of petrol and diesel under the tax structure after the Kerala High Court order. “On the direction of court it was brought on to table but members spoke very clearly they do not want it to be included in GST,” Ms Sitharaman said. “This will be reported to the high court as the GST Council felt it was…

Nitin Gadkari Gets Rs 4 Lakh Royalty Per Month For YouTube Lecture Videos

<!– –> Union Minister Nitin Gadkari said that in India, those who do good work, don’t get appreciation. (File) Bharuch: Union Minister Nitin Gadkari on Friday said he gets Rs 4 lakh every month as royalty from YouTube, as viewership of his lecture videos posted on the platform has increased during the pandemic period. While reviewing the progress of the Delhi-Mumbai Expressway (DME) in Bharuch, Mr Gadkari further said his ministry has started rating road construction contractors and consultants. During COVID-19 times, the road transport and highways minister said, he…

“NZ Will Hear Us At ICC”: PCB Chief Ramiz Raja On Blackcaps’ Withdrawal

Newly-appointed Pakistan Cricket Board (PCB) Chairman Ramiz Raja on Friday expressed his disappointment on Twitter after New Zealand decided to abandon their limited-overs tour of Pakistan citing a “security alert”. The dramatic development came on a day when the two teams were all set to face off in the first of the three-match ODI series in Rawalpindi. “Crazy day it has been! Feel so sorry for the fans and our players. Walking out of the tour by taking a unilateral approach on a security threat is very frustrating. Especially when it’s…

GST Council’s Decision On Food Delivery Apps Likely

<!– –> Currently, food delivery apps are registered as Tax Collectedat Source (TCS). New Delhi: The Goods and Services Tax (GST) Council may discuss on a proposal to treat online food delivery platforms like Swiggy and Zomato as restaurants and levy 5% of GST on their supplies. Currently, these food delivery apps are registered as Tax Collected at Source (TCS) under the GST. A proposal to make the delivery platforms liable to pay the Goods and Services Tax (GST) on restaurant services supplied through them is one of over four-dozen proposals…

PCB Chief Ramiz Raja Reacts To New Zealand’s Decision To Pull Out Of Tour

Newly-appointed Pakistan Cricket Board (PCB) Chairman Ramiz Raja on Friday expressed his disappointment on Twitter after New Zealand decided to abandon their limited-overs tour of Pakistan citing a “security alert”. The dramatic development came on a day when the two teams were all set to lock horns in the first of the three-match ODI series in Rawalpindi. “Crazy day it has been! Feel so sorry for the fans and our players. Walking out of the tour by taking a unilateral approach on a security threat is very frustrating. Especially when…