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B2C sectors, including construction and scrap, prone to fake invoicing: CBIC Chairman

B2C consumers do not insist on invoices or receipts, which gives a cushion for bills to be used for fake invoicing. These give the opportunity for bogus invoicing, he said. ....

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GST revenue collections enormously increased in Tripura too, says Sitharaman

Union Finance Minister Nirmala Sitharaman on Friday said that like other states, GST revenue collections enormously increased in Tripura too.Before the GST was introduced, Tripura received only Rs 4.21 crore as Central Sales Tax (CST) in FY . ....

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GST waived off on cancer treatment drugs, special medicines

GST waived off on cancer treatment drugs, special medicines
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GST Waived Off On Cancer Treatment Drugs, Special Medicines

Addressing a press conference after the marathon eight-hours-long meeting, Sitharaman said that tax exemption has also been extended to satellite launch services provided by private parties. ....

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GST waived off on cancer treatment drugs, special medicines

The GST Council in its 50th meeting on Tuesday, presided over by Union Finance Minister Nirmala Sitharaman, exempted cancer treatment drugs, special medicines, and food for medical purpose from levy of the Goods and Services Tax. ....

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