Delhi GST amendment bill cleared in state assembly amid uproar
The Delhi Assembly passed The Delhi Goods and Services Tax (Amendment) Bill, 2025. Chief Minister Rekha Gupta said the bill aligns with central GST reforms. Opposition leader Atishi criticized the bill, alleging it favors corporate allies and burdens traders. The bill includes amendments from GST Council meetings. It focuses on ITC timelines and enforcement.
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The Hindu
4 minutes ago
- The Hindu
Govt may roll out ₹2,250 crore export promotion mission soon: Official
The government is expected to soon announce support measures under the proposed ₹2,250 crore export promotion mission to help insulate industry from global trade uncertainties arising from Trump tariffs, an official said. "We are in dialogue with exporters to see how we can support them best in different ways, like ease of doing business. We are looking at how to give a boost to domestic consumption. We are looking at new supply chains, which we can capture, new markets, and new products," the official said. The mission may include components, such as easy credit schemes for MSME and e-commerce exporters, facilitation of overseas warehousing, and global branding initiatives to tap emerging export opportunities. The government on February 1 announced the setting up of the mission with an outlay of ₹2,250 crore. The Directorate General of Foreign Trade (DGFT) has already made a presentation on the mission to the representatives of export promotion councils and other key stakeholders on April 30. According to industry officials, the mission is divided into two broad categories - Providing Trade Finance Support (NIRYAT PROTSAHAN) and Driving International Holistic Market Access (NIRYAT DISHA) Initiative. Sources have earlier stated that the GST Council is likely to meet soon to discuss rate simplification and rationalisation, and the future of the compensation cess. It will help boost domestic consumption. The commerce ministry, in the past few days, held a series of stakeholder meetings to understand the challenges which they are facing due to high U.S. tariffs on Indian goods. US President Donald Trump has announced 50% tariffs on India. Sectors like textiles, chemicals, leather and footwear are expected to be hit hard by these duties. India's exports remained flat at $35.14 billion in June due to global economic uncertainties, while the trade deficit narrowed to a four-month low of $18.78 billion during the month. Key export sectors, including petroleum, fabrics, gems and jewellery, leather, iron ore, oil seeds, cashew, spices, tobacco, and coffee, recorded negative growth during June. During April-June 2025-26, exports increased 1.92% to $112.17 billion, while imports rose 4.24%nt to $179.44 billion.
Time of India
19 minutes ago
- Time of India
Guarantee schemes implemented for citizens' empowerment: CM
Mysuru: Chief minister Siddaramaiah on Saturday said that his govt implemented the guarantee schemes aiming at the empowerment of all citizens, ensuring them equal rights and opportunities to live in dignity. Speaking after inaugurating a slew of development works initiated in the Varuna assembly segment and distributing benefits to beneficiaries of various schemes worth Rs 1,107.72 crore at Hadinaru, the CM said that his govt has implemented guarantee schemes for the empowerment of the poor irrespective of caste. He also thanked voters of the Chamundeshwari and Varuna assembly segments for electing him five and two times from the respective constituencies, shaping his political career. Siddaramaiah claimed that he walked the talk by successfully implementing the guarantee schemes announced by his govt and also fulfilled 158 promises out of 163 promises his govt made during 2013-2018. His govt has been spending Rs 55,000 crore annually for the success of guarantee schemes. The per capita income of the people of the state increased with the implementation of such schemes. Karnataka is also the second-highest GST taxpayer after Maharashtra in the country. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Chamarajanagar MP Sunil Bose also thanked the people of the Varuna assembly segment for gifting a popular leader like CM Siddaramaiah to Karnataka state. MLC Yathindra Siddaramaiah said the state govt has implemented Rs 1,107 crore worth of development works in the Varuna assembly segment. District minister HC Mahadevappa, state animal husbandry and veterinary science minister K Venkatesh, state guarantee implementation committee chairman HM Revanna, MLC K Thimmaiah, deputy commissioner G Lakshmikanth Reddy, ZP CEO S Ukeshkumar, and Hadinaru GP president Sannathayamma were present. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Indian Express
an hour ago
- Indian Express
Raids conducted on over a dozen high-end salons for GST evasion
The Excise Department and Central GST teams Friday carried out joint raids on over a dozen high-end salons in the city. The action followed a series of complaints alleging that these salons were evading GST despite charging hefty amounts for their services. According to sources, many salons were providing premium services such as haircuts, hair colouring, makeup, spa treatments, and wedding packages — often charging large sums — but were not depositing the mandatory 18 per cent GST with the government. Also, customers were allegedly asked to pay in cash, and no invoices were issued. Records reflected only the sale and purchase of beauty products, while actual earnings from services were being concealed. The Excise Department seized records from prominent salons in sectors 8, 9, 26, 35, and other key locations. The excise teams have begun examining the last three years' returns and transaction details. Investigations have also revealed that some salons lured customers with 'discount' offers and then provided services without bills, making tax evasion easier, said sources. Meanwhile, the officials have urged citizens to always insist on a bill for any service to help curb tax evasion as paying GST not only strengthens government revenue but also safeguards consumer rights. The Excise Department has hinted at further inspections of salons and beauty parlours in the coming days. The seized records are currently under scrutiny, and cases of GST evasion will attract heavy penalties along with interest.
