GST rules changing from today, April 1 --Lakhs of companies in India to be impacted
As per the new rules, companies with turnover of more than Rs 20 crore will have to generate B2B e-invoices.
Apr 01, 2022, 17:05 PM IST
GST rules changing from April 1, to impact lakhs of companies in India
Companies with turnover of more than Rs 20 crore will have to generate B2B e-invoices.
Mar 29, 2022, 13:06 PM IST
Chhattisgarh CM Bhupesh Baghel urges Centre to extend GST compensation mechanism, seeks support from 17 states
"Being manufacturing states, our contribution to the growth of the country's economy is much higher than those states which have benefited from the GST regime due to higher consumption of goods and services," Baghel wrote in a letter to his counterparts in 17 other states.
Mar 28, 2022, 10:06 AM IST
Govt bringing cryptocurrency under GST? Here's what you need to know
GST officials believe that cryptos, by definition, are akin to lottery, casinos, betting, gambling, and horse racing, all of which are subject to a 28% GST on the total value.
Mar 21, 2022, 17:06 PM IST
BharatPe in trouble? GST authorities expand probe into alleged tax evasion
GST authorities are now scrutinising BharatPe books of the last four years to see if bogus invoices were issued for services as well.
Mar 09, 2022, 17:28 PM IST
GST Council may consider proposal to raise lowest slab to 8%, rationalise tax slabs
Currently, GST is a four-tier structure attracting a tax rate of 5, 12, 18 and 28 per cent.
Mar 07, 2022, 11:17 AM IST
GST collection up 18% at over Rs 1.33 lakh cr in Feb; Omicron impact dents MoM mop-up
This is for the fifth time in the current fiscal that the Goods and Services Tax (GST) collection has crossed Rs 1.30 lakh crore mark.
Mar 01, 2022, 16:13 PM IST
GST Fraud: Officers unearth fake invoicing racket involving Rs 38.5 crore tax evasion
Documents such as rubber stamps and letter heads of various firms, mobile phones, laptops etc have been seized from the search premises.
Feb 24, 2022, 17:56 PM IST
'Gabbar Singh Tax' critique of GST knee-jerk, disservice to our institutions: FM
Revenue Secretary Tarun Bajaj said the GST is a very interesting thing where neither the states nor the Centre can decide and the decisions are basis a committee system which evaluates the process.
Feb 21, 2022, 19:54 PM IST
Blockchain tech to curb fake billing, GST evasion, 1st phase to be implemented soon
Blockchain is the same technology that is used to make cryptocurrency safe.
Feb 12, 2022, 10:31 AM IST
GST collection tops Rs 1.38 lakh crore in January
The highest monthly GST collection has been Rs 1,39,708 crore in the month of April 2021.
Jan 31, 2022, 19:57 PM IST
Budget 2022: Bring natural gas under GST to realise PM's vision of gas-based economy, urges industry
The government should bring natural gas under the Goods and Services Tax, an industry body has said.
Jan 26, 2022, 17:30 PM IST
Budget 2022 Expectations: Jewellers urge FM to reduce GST rate, Hospitality industry demands loan moratorium
All India Gem & Jewellery Domestic Council (GJC), has demanded to reduce the GST rate on Jewellery to 1.25 % from 3 % in the upcoming budget. While Hospitality industry demands loan moratorium due to losses amid the COVID crisis.
Jan 25, 2022, 16:14 PM IST
Businesses to get reasonable time to explain reasons for mismatch in GSTR-1, 3B
Tax officers will give reasonable time to erring business to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax payment form 3B before initiating recovery action for short payment or non-payment of taxes.
Jan 09, 2022, 13:54 PM IST
GST collection at Rs 1.29 lakh crore in December 2021
GST revenues in December 2021 grew 13 per cent to over Rs 1.29 lakh crore.
Jan 01, 2022, 16:44 PM IST
Swiggy, Zomato to collect 5% GST from today; will your food order bills go up?
Swiggy and Zomato will have to collect and deposit tax at 5 per cent rate beginning Saturday (January 1).
Jan 01, 2022, 13:27 PM IST
From ATM charges to cash deposit fees, here’s looking at 6 money-related changes effective from Jan 1
From paying more for ATM services to a big tweak in bank lockers rules, here are the six money-related changes coming into effect from January 1:
Jan 01, 2022, 10:18 AM IST
Big relief for textile sector, GST Council defers hike in GST on textiles from 5% to 12%
The revision of rates in the textiles sector which was supposed to come into effect from January 1, 2022.
Dec 31, 2021, 13:23 PM IST
46th GST Council meet chaired by FM Nirmala Sitharaman on December 31: Key points that will be discussed today
GST, which subsumed indirect taxes like excise duty, service tax and VAT, was rolled out on July 1, 2017 and the compensation window ends on June 2022.
Dec 31, 2021, 09:16 AM IST
GST on textiles: States demand to put tax hike on hold in pre-budget meeting
Several states have flagged higher tax rate on textile products from January 1.
Dec 30, 2021, 19:20 PM IST
