Thu, Nov 02, 2023
Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.
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Wed, Nov 01, 2023
GST October collections: The government's GST collections increased 13 per cent on a year-on-year basis last month, according to official data released on Wednesday.
Sat, Aug 26, 2023
Late filing of annual returns under GSTR-10 has been reduced to Rs 1,000 if filed on or before the last date.
Wed, Jun 29, 2022
47th GST Council Meeting Outcome: About a dozen states cutting across party lines on Wednesday pitched for extending the mechanism to compensate states for revenue lost from the implementation of GST beyond June 30, but no decision was taken.
GST on online gaming, casinos and horse racing - What's been recommended?
GST Council Meeting: The GST Council on Wednesday deferred decision on levying a 28 per cent tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders, Union Finance Minister Nirmala Sitharaman said.
Tue, Jun 28, 2022
The Goods and Services Tax (GST) council will discuss an array of recommendations, and changes would be made unanimously in the interest of the country, producers, and the consumers, said Prasad.
Wed, May 18, 2022
Online gaming, casinos and horse racing will be subject to a 28 per cent Goods and Services Tax (GST). In a meeting of Group of Ministers (GoM) that was held today, it was unanimously decided that a 28 per cent levy will be imposed on these services
Sun, May 01, 2022
Gross GST collection in April 2022 is all time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month
Mon, Apr 18, 2022
“Centre denies reports of GST council planning to raise 5 pc tax slab to 8 pc,” ANI tweeted
Sun, Apr 17, 2022
Sources said in order to augment revenue the Council may decide to prune the list of exempt items by moving some of the non-food items to 3 per cent slab.
Fri, Apr 01, 2022
Brick kilns can opt for a composition scheme to pay a 6 percent GST without input tax credit (ITC) beginning Friday, higher than 5 percent earlier.
Wed, Mar 09, 2022
GST authorities have expanded the probe into alleged tax evasion by fintech firm BharatPe to include reported issuance of fake invoices by those close to the firm's ousted co-founder Ashneer Grover, an official said.
Sun, Jan 02, 2022
Gross Goods and Services Tax (GST) revenue collected in the month of December 2021 stood at Rs 129,780 crore of which Central GST (CGST) was at Rs 22,578 crore, State GST (SGST) was at Rs 28,658 crore while the Integrated GST (IGST) was at Rs 69,155 crore
Sat, Jan 01, 2022
Currently, restaurants registered under GST are collecting and depositing the tax. Also, cab aggregators like Uber and Ola will have to collect 5 per cent Goods and Services Tax (GST) for booking 2 and 3 wheeler vehicles effective January 1. Also, footwear irrespective of prices will attract 12 per cent tax from Saturday
Sun, Dec 26, 2021
Correction in inverted duty structure in footwear and textile sectors would come into effect from Saturday wherein all footwear, irrespective of prices, will attract GST at 12 per cent while all textile products, except cotton, including readymade garments will have 12 per cent GST
Wed, Dec 22, 2021
The move will help curb the menace of fake billing whereby sellers would show higher sales in GSTR-1 to enable purchaser to claim input tax credit (ITC), but report suppressed sales in GSTR-3B to lower GST liability
Tue, Nov 30, 2021
The Centre is committed to compensate states for five years for the revenue loss due to GST implementation as provided in the statute, Finance Minister Nirmala Sitharaman said on Tuesday.
Sun, Nov 21, 2021
The finance ministry has notified uniform 12 per cent GST rate on manmade fibre (MMF), yarn, fabrics and apparel, thereby addressing the inverted tax structure in the MMF textile value chain.
Mon, Nov 01, 2021
The government has made record GST collection in the month of October 2021.
Wed, Sep 01, 2021
Papad, by whatever name known, is exempt from the GST and the tax rate does not vary based on its shape, the CBIC has clarified.
Sun, Aug 01, 2021
Above figure includes GST collection received from GSTR-3B returns filed between 1 July 2021 to 31 July 2021 as well as IGST and cess collected from imports for the same period. Central Goods and Services Tax (CGST) stood at Rs 22,197 cr while the Goods and Services Tax (SGST) stood at Rs 28,541 crore, a government release said
Sun, Jul 18, 2021
Jewellers will have to pay GST only on the profit earned on resale of second-hand gold jewellery, Karnataka AAR has ruled.
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