GST revenues hike 44% y-o-y to nearly Rs 1.41 lakh crore in May 2022
GST revenue increased by 44 per cent increase year-on-year to nearly Rs 1.41 lakh crore.
Jun 01, 2022, 15:14 PM IST
DNA: PM Modi took many bold decisions in 8 years
During his tenure of 8 years, Prime Minister Modi took many bold decisions that the previous governments were unable to implement. Implementation of GST in his tenure was the boldest step of the government.
May 31, 2022, 00:38 AM IST
8 Years of Modi Govt: The biggest change in tax policy in 70 years
While 8 years of Modi government are being celebrated, questions are also being raised that what has changed with the policies and plans of the government? How easy and how much trouble did GST bring to businessmen?
May 27, 2022, 21:32 PM IST
Centre waives late fee till June for delayed filing of GST returns under composition scheme
The Central government has waived late fees for two months till June for delayed filing of GST returns for financial year 2021-22 by small taxpayers registered under the composition scheme.
May 26, 2022, 22:30 PM IST
Restaurants can't force consumers to pay service charge, it is voluntary payment --Check what govt says
Consumers are also being falsely misled on the legality of Service charges and harassed by restaurants on making a request to remove such charges from the bill amount.
May 24, 2022, 11:21 AM IST
GST council recommendations not binding on Centre, States but have persuasive value: SC
The bench said that as per Article 246A, both Parliament and the State legislature have equal power to legislate on matters of taxation.
May 19, 2022, 16:33 PM IST
GST on online gaming: GoM recommends 28% GST, expert says disadvantage for game companies
Meghalaya Chief Minister Conrad Sangma has said, "we have decided that this report will be submitted to the Finance Minister. It is expected that this report will be discussed in the next GST Council."
May 18, 2022, 17:16 PM IST
GST filing deadline shifted to May – Companies, taxpayers must read THESE points
GST Filing deadline has been extended due to technical glitch in the GST system, for which Infosys was awarded a Rs 1,380 crore.
May 18, 2022, 13:03 PM IST
Govt mulls extending April GST payment deadline; asks Infosys to fix glitch on portal
GSTR-3B is filed in staggered manner between 20th, 22nd and 24th of every month for different categories of tax payers.
May 17, 2022, 22:23 PM IST
Halted UPI payments, crypto trading in India due to informal strain from RBI: Coinbase CEO
Top cryptocurrency exchange Coinbase quit India activities attributable to the "casual strain" from the Reserve Bank of India (RBI).
May 11, 2022, 13:01 PM IST
Crypto investors alert! GST Council mulling 28% tax on Bitcoin, other cryptocurrencies
The services such as crypto mining along with sales and purchases are likely to attract the 28 per cent GST if the proposal goes through in the next GST meeting, according to reports.
May 10, 2022, 09:16 AM IST
GST collection touches all-time high in April at Rs 1.68 lakh crore
The gross GST collection has crossed the Rs 1.5 lakh crore-mark for the first time in April 2022.
May 01, 2022, 15:19 PM IST
Centre would be happy to bring petrol, diesel under GST, states unwilling: Hardeep Puri
Puri took a dig at the Opposition and said that the govt has "assumed its responsibility" in the fuel sector and the states should also take the onus on the issue of slashing the value-added taxes on petrol and diesel.
Apr 29, 2022, 23:43 PM IST
GST on online gaming, horse racing, fantasy games: GST Council may take final call soon
Speaking to reporters ahead of the GoM in the national capital on May 2, Godinho, the state's representative to the Council, also said that after the recommendations made by the GoM, the GST council would take a final call on the taxation policy for the three services.
Apr 29, 2022, 16:37 PM IST
GST compensation for 8 months released to states, Rs 78,704 crore pending: FinMin
The Finance Ministry said the Centre has already released eight months of GST compensation dues to the states for the fiscal ended March 2022.
Apr 27, 2022, 22:43 PM IST
GST Council may do away with 5% rate; move items to 3% & 8% slabs
GST is a four-tier structure of 5, 12, 18 and 28 per cent. Besides, gold and gold jewellery attract 3 per cent tax.
Apr 17, 2022, 14:28 PM IST
Chhattisgarh CM seeks 10-year extension for GST compensation, writes to PM Modi
Chhattisgarh Chief Minister Bhupesh Baghel on Thursday urged Prime Minister Narendra Modi to continue the present compensation grant system of Goods and Services Tax (GST) for another ten years.
Apr 15, 2022, 07:12 AM IST
Delhi govt collected Rs 28,573 crore as GST and VAT in 2021-22: Officials
The goods and services tax (GST) and value added tax (VAT) collection of Delhi in 2020-21 was Rs 18,572 crore due to the disruption of economic activities caused by Covid-related restrictions.
Apr 07, 2022, 23:39 PM IST
GST rates on footwears must be 5%, 12% which was applicable till 2021: CAIT
Besides, the two bodies also urged Union Commerce Minister Piyush Goyal to make BIS standards applicable only on footwear costing above Rs 1,000.
Apr 07, 2022, 16:53 PM IST
Rs 137-Crore tax fraud in Ghaziabad: CGST team raids 36 locations, arrests businessman
The accused was running over 40 shell companies using different PAN numbers, mobile numbers, and bank accounts.
Apr 05, 2022, 22:05 PM IST
