Goods and Services Tax is a step in the right direction which will usher in growth and investment in the country, the industry feels. The
Category: GST
Cartels set up ‘briefcase’ firms, defraud GST regime of thousands of crores | Business Standard News
Parliament was informed on Tuesday that 3,626 cases of tax evasion had been detected in the three quarters of FY19 under the goods and services
‘Charitable trusts selling books, CDs have to pay GST’ – The Hindu BusinessLine
Appellate Authority upholds AAR ruling The Appellate Authority for Advance Ruling (AAAR) for GST has upheld that a charitable trust whose main objective is the
GST rules: No e-way bill if returns not filed for two months – The Financial Express
GST: No e-way bill if returns not filed for two consecutive months In a bid to force non-compliant businesses to file returns regularly, the finance
GST, excise, service tax evasion shoots up to Rs 48,555 cr in Apr-Dec | Business Standard News
GST, central excise and service tax evasion detected during the April-December period of the current financial year stood at Rs 48,555 crore, the highest in two years. During the
GST Council: GST ministerial panel favours Kerala levying 1% cess for 2 years
The ministerial panel under Bihar Deputy Chief Minister Sushil Modi Sunday approved levy of 1 per cent ‘calamity cess’ by Kerala for a period of two years
Clearly, GST is still ‘work in progress’ | Business Standard Column
he advent of a new year energised the department of revenue in the Union finance ministry to issue a number of notifications and clarifications under
GST: Ministerial panels on GST relief to MSMEs, levy of calamity cess to meet today – The Economic Times
Currently, businesses with annual turnover of up to Rs 20 lakh are exempt from the Goods and Services Tax Two ministerial panels under the GST Council will
Small businesses likely to be off GST radar; council to decide on Thursday | Business Standard News
The Goods and Services Tax (GST) Council will take a decision on increasing the turnover threshold for mandatory registration under the ambit of GST on
Govt hunts for GST defaulters as compliance rate continues to decline – The Financial Express
The percentage of taxpayers who have not filed returns under GST has risen to over 28% in November 2018. The government is on the hunt
India wants a simpler, easier GST complaint form for consumers – The Economic Times
India wants to make it easier for consumers to complain against companies that may not be passing on the benefits of lower goods and services
Tax burden leave business correspondents of banks in a lurch – The Economic Times
Executives said there is another apprehension that a chunk of transactions which were happening through banking channels could move to cash through hawala channels. Business
Government crackdown on GST profiteers: Orders issued against 9 businesses for not passing Rs 560-cr GST rate cut benefits – The Financial Express
NAA has been holding regular meeting with zonal screening committees and the chief commissioners of GST to stress upon the consumer awareness programmes The GST
Ahmedabad CGST officials bust fake GST invoice racket worth Rs 175 crore | Business Standard News
Officials from the Preventive Wing of Central Goods and Services Tax (CGST) Ahmedabad-South Commissionerate have busted a fake GST invoice and fraudulently availing input tax credit (ITC) racket here. CGST Ahmedabad-South Commissionerate officials also arrested a
CGST shortfall may force govt to cut spending to meet fiscal deficit target | Business Standard News
Despite crossing the Rs 1-trillion mark twice this year, the goods and services tax (GST) collections are running well behind the budgeted target. As opposed to a
GST: About 16% of assessees do not file monthly returns, shows Govt data – The Hindu BusinessLine
But Centre says measures taken to step up compliance, boost collections On an average nearly 16 per cent of Goods and Services Tax (GST) return
Good news for businesses! Deadline for claiming GST input tax credit extended; all you need to know – The Financial Express
t’s good news for businesses as the Finance Ministry has extended the deadline for claiming input tax credit (ITC) for the financial year 2017-18, the
GST shortfall – The Hindu
As the tax collections remain below target, it may be time to recalibrate expectations Revenue collections from the Goods and Services Tax (GST) are going
Rationalise GST on building material–Economic Times
The proposal to bring construction material in the 5% GST slab is commendable. There is a huge infrastructural deficit nationwide, and filling the gap calls
Slow upward movement in average GST collection puts govt in wait mode – The Economic Times
gst.jpg.webp9.3 KB GST collection dropped to Rs 94,726 crore in December raising worries over government revenues taking a hit and further delaying rationalising of GST slabs.