GST

Swiggy, Zomato orders to cost more from Jan 1; check by how much your food orders could get expensive

Online food orders from Swiggy and Zomato are all set to be treated on par with restaurant dine-in orders from January 1 2022. 

Dec 30, 2021, 19:10 PM IST

State governments demand extension of GST compensation for another 5 year

Many states have demanded that the GST compensation cess regime be extended for another five years.  

Dec 30, 2021, 18:05 PM IST

Big update on GSTR Filing! Govt extends FY21 GST annual return filing deadline till February 28

GSTR 9 is an annual return to be filed yearly by taxpayers registered under the Goods and Services Tax (GST). It consists of details regarding the outward and inward supplies made or received under different tax heads.

Dec 30, 2021, 10:32 AM IST

46th GST Council meet on Dec 31: Members to discuss rate rationalisation, textile hike

The 46th GST Council meeting will be chaired by Finance Minister Nirmala Sitharaman on Friday, December 31, in Delhi. 

Dec 29, 2021, 20:34 PM IST

5 things will be costlier from 1 January 2022 due to change in GST rates

There are going to be many major changes in GST from January 1, 2022. This after the GST Council had decided to change the rate of tax on some goods during the meeting in September, according to which these changes in tax will be applicable from January 1.

Dec 29, 2021, 15:56 PM IST

From ATM transaction charges, GST to bank withdrawal charges: 5 Major rules changing from January 2022

Here are 5 major rules impacting common man that will change from January 2022.

Dec 28, 2021, 11:29 AM IST

Defer GST rate hike on textiles, footwear: CAIT to FM

The proposal is to increase the rate of tax from 5 per cent to 12 per cent on textiles and footwear.
 

Dec 27, 2021, 22:27 PM IST

Kanpur perfume trader Piyush Jain, arrested over tax evasion charges, to be produced in court today

Piyush Jain was arrested by the officials of the GST Intelligence on charges of tax evasion and will be produced before the court today, a senior official said. The perfume industrialist is likely to be taken to Ahmedabad from Kanpur for further action, he said.

Dec 27, 2021, 07:51 AM IST

GST changes implementing from Jan 1: Here’s all you need to know

The GST regime will witness a host of tax rate and procedural changes coming into effect from January 1. 

Dec 26, 2021, 13:27 PM IST

From Jan 1, GST officials can directly recover for mismatch in sales in GSTR-1, 3B

Come January 1, GST officers can directly initiate recovery action against errant businesses that show higher sales in monthly return GSTR-1 but under-report it while tax payment in GSTR-3B.

Dec 22, 2021, 22:31 PM IST

Will petrol and diesel come under GST? Here is what Finance Ministry said

Excise duty on petroleum products is calibrated time to time for generating resources for infrastructure and other developmental items of expenditure, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.

Dec 21, 2021, 16:38 PM IST

GST collection in November tops Rs 1.30 lakh crore, 2nd highest since roll out

GST collection in November stood at Rs 1.31 lakh crore, indicating economy recovery.  

Dec 01, 2021, 17:43 PM IST

Quitting without serving notice period? You will now have to pay GST on salary in lieu of notice

According to the latest AAR ruling, employees are liable to pay GST on salary in lieu of notice. 

Dec 01, 2021, 17:13 PM IST

Booking Auto via Ola-Uber? Get ready to pay 5% GST

While passenger transportation services provided by auto-rickshaw drivers in manual or offline mode will remain exempted, services provided through any online marketplace will be tax-deductible at a rate of 5% beginning January 1, 2022.

Nov 27, 2021, 09:07 AM IST

Use Ola, Uber’s auto booking service? Get ready to pay 5% GST from next year

Customers will have to 5% GST on all auto-rickshaw services provided through e-commerce platforms.  

Nov 26, 2021, 18:54 PM IST

Clothes, footwear to get costlier from January 2022 as GST increases from 5% to 12%

From January 2022, the GST rate on fabrics will be raised to 12 percent from 5 percent.

Nov 20, 2021, 12:01 PM IST

GST Fraud: Officers unearth Rs 34 crore input tax credit fraud involving 7 firms

CGST officials have unearthed a fraud of utilization and passing on of inadmissible input tax credit (ITC) through bogus GST invoices without actual movement of goods of Rs 34 crore.

Nov 14, 2021, 17:48 PM IST

GST collection surges to Rs 1.30 lakh crore in October, 2nd highest since implementation

The gross GST revenue collected in the month of October 2021 is Rs 1,30,127 crore of which CGST is Rs  23,861 crore, SGST is Rs  30,421 crore, IGST is Rs  67,361 crore.

Nov 01, 2021, 15:13 PM IST

Centre releases Rs 1.59 lakh crore to states as compensation for GST shortfall

The Centre released the balance of Rs 44,000 crore to states as a loan to compensate for the GST shortfall on Thursday, October 28. 

Oct 28, 2021, 19:47 PM IST

Pakistan in deep economic crisis, needs USD 51.6 billion external financing

Pakistan's gross external financing requirement stands at USD 23.6 billion in 2021-22 and USD 28 billion in 2022-23.

Oct 19, 2021, 13:33 PM IST