Free Press Journal
  • Indore: Snag derails 20,000 traders’ plan to file GST return

    More than 20,000 traders of the city failed to file their GSTR-3B return on Saturday due to server problem. As it was the last day of filing annual return, the traders were left harried.  In fact, traders were filing their first annual return after the launch of the GST. In the return, a trader provides information about the tax paid and the receipt of the Input Tax Credit (ITC). Besides, in case

  • Single screens suspend strike, multiplexes in two minds

    Indore :  Citing model code of conduct which is in force since October 7 for Assembly polls, Central Circuit Cine Association on Wednesday suspended the on-going strike over imposition of entertainment tax by civic bodies and signalled that movies will be screened from a day or two. But the exhibitors stood divided over the decision. While single screens operators agreed to call off the strike but the multiplexes were of a view

  • Bhopal: Theatres remain shut over dual tax regime

    Movie theatres in the state remained closed on Friday to protest the levying of local body entertainment tax on films. There was no show in State’s cinema halls and multiplexes on the day when many new movies hit the screen across the country. Protesting the dual tax regime in the state, film producers, distributors and exhibitors joined the indefinite strike demanding immediate rollback of 5 % tax imposed by civic on the

  • Tax haven, GST, Maharashtra, Maharashtra sagging revenues, fiscal year,

    Festive season likely to take GST collections past Rs 1 lakh crore in November and December

    New Delhi: The finance ministry expects the GST collections to cross Rs 1 lakh crore in November and December on account of festive season demand and the anti-evasion measures initiated by the revenue department. The Goods and Services Tax (GST) revenue rose to Rs 94,442 crore in September and officials feel it could surpass the landmark one lakh crore on increased demand during festival season.

  • Tax haven, GST, Maharashtra, Maharashtra sagging revenues, fiscal year,

    GST mop-up rises marginally in September

    New Delhi: Goods and Services Tax (GST) collections rose marginally to Rs 94,442 crore in September 2018 from Rs 93,960 crore in August and are expected to increase further in the coming months on account of higher sales in the festival season. The Finance Ministry in a statement Monday said 67 lakh businesses filed GST returns in September and deposited Rs 94,442 crore as taxes.

  • GoM formed to look into Kerala’s demand for calamity cess: Finance Minister Arun Jaitley

    New Delhi: GST Council, the highest decision making body of the Goods and Services Tax regime, Friday decided to set up a seven-member Group of Ministers to suggest on cess demand for Kerala flood rehabilitation. Briefing reporters after the 30th meeting of the GST Council, Finance Minister Arun Jaitley said the panel discussed the proposal from Kerala to levy Calamity Tax, a special tax or cess to raise additional resources aimed at meeting the

  • GST Council mulls cess to help flood-hit states

    Mumbai : The 30th Goods and Services Tax (GST) Council will be held on Friday. The meeting, which will be chaired by Finance Minister Arun Jaitley through video-conferencing,

  • Congress launches "Save the Constitution" campaign

    If Congress comes to power, ‘Gabbar Singh Tax’ will be changed to real tax: Rahul Gandhi

    Chitrakoot (MP): Congress president Rahul Gandhi on Thursday said changes will be made to the Goods and Services Tax (GST) to reduce rates on items if his party comes to power. On a visit to various places in poll-bound Madhya Pradesh, he also continued his attack on Prime Minister Narendra Modi over the Rafale fighter deal, alleging that “the watchman has indulged in theft.”

  • IMF estimates ‘real’ depreciation of Indian rupee as 6 to 7 percent

    Washington: Compared to December 2017, the real effective depreciation of Indian rupee is between six and seven per cent, says an IMF estimate. Broadly since the beginning of the year, Indian rupee “has lost about 11 per cent of its value in nominal terms vis a vis the US dollar”, said IMF spokesperson Gerry Rice, responding to a question on the fall of the Indian currency in the last few months. He,

  • Indore: 30 sitting, ex-BJP MLAs want to contest on Congress ticket, says Kamal Nath

    Madhya Pradesh Congress Committee president Kamal Nath on Sunday said 30 sitting and former MLAs of BJP have expressed willingness to contest assembly elections on Congress ticket. “They are in my contact,” he said while addressing Meet the Press programme at Indore Press Club on Sunday.  “About 2300 people from across the state are willing to contest elections including sitting and former BJP MLAs,” he remarked.

  • mumbai, mumbaikars, anger, disgust, fuel price hike, GST, Goods Service Tax,

    Fuel likely to come under GST regime

    Mumbai: A day after the nationwide bandh called by the opposing Congress, the state government has decided to push its own proposal to bring petroleum products under the Goods and Services Tax (GST) regime. A meeting of the GST council will be held on September 28, is likely to make it a reality. Sudhir Mungantiwar, minister for finance and planning claimed once the proposal will be approved by the council, petrol prices

  • congress, minister of finance sudhir mungantiwar, Bharat Bandh, GST, fuel price hike

    Ministers urge Congress to support bringing fuel under GST

    Mumbai: Minister for Finance Sudhir Mungantiwar urged the Opposition party, Congress to direct its governments in the states to support Maharashtra government’s proposal to bring petroleum products under the purview of Goods and Services Tax (GST) in order to bring down the multiple taxes.

  • maharashtra, maharashtra traders, apmc, professional tax, GST, APMC market, Vashi

    Finance Ministry crafting strategy to boost GST revenues, engaging with states to identify issues

    New Delhi: Alarmed by a nearly four-fold rise in GST compensation to states for June-July, the Finance Ministry is crafting a strategy to shore up tax revenues and engaging with states to identify issues hindering their collections. Finance Secretary Hasmukh Adhia has started meeting with GST officers, both from central and state tax departments, in the state capitals to understand issues plaguing the GST collections. There has been a spike in the bi-monthly

  • Tax haven, GST, Maharashtra, Maharashtra sagging revenues, fiscal year,

    Tax haven: GST boosts Maha’s sagging revenues by 39 per cent

    Mumbai: A debt-ridden Maharashtra government has recorded positive growth since the rollout of the Goods and Services Tax (GST) on July 1, 2017. The state’s revenue surged by Rs 25,000 crore or 39.52 per cent in the first quarter of the current fiscal year. According to Sudhir Mungantiwar, minister for finance and planning, the reason for the growth is the huge ‘consumer’ population of the state, and the huge per capita income

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