[ad_1] The Goods and Services Tax (GST) revenue in September this year saw a 26% year-on-year jump at ₹1.48 lakh crore, the third highest ever collections crossing the ₹1.40 lakh […]
Tag: GST
16 insurance firms caught evading GST worth ₹824 crore: Govt
[ad_1] NEW DELHI: The Goods and Services Tax (GST) authority has detected alleged misappropriation of input tax credit (ITC) worth ₹824 crore by 16 insurance companies who used their intermediaries […]
GST officers detect ₹824 crore tax evasion by insurance companies
[ad_1] GST officers have detected ₹824 crore tax evasion by 15 insurance companies, intermediaries and banks through issuance of fake invoices, officials said on Thursday. Acting on specific inputs, GST […]
GST collections in Sept may touch ₹1.5 lakh crore
[ad_1] Goods and Services Tax (GST) collections in September, reflecting actual business transactions for the previous month, may come close to the ₹1.50 lakh crore mark with a record 78.21 […]
No GST on residential unit if rented out for personal use: Finance ministry
[ad_1] NEW DELHI: Residential properties if rented out to private persons for personal use will not attract Goods and Services Tax, and no GST will be charged on food items […]
Commodities in packs of over 25kg won’t attract GST: Finance ministry
[ad_1] The government on Monday clarified that commodities and food items such as pulses, cereals, rice, wheat, flour in a single package containing a quantity of more than 25kg or […]
No decision on extending GST compensation
[ad_1] States are set to lose the shield of 14% assured annual revenue growth guaranteed under the goods and services tax (GST) law from Friday as previously decided, with the […]
Extend compensation period or raise GST mop-up share: States
[ad_1] Several states have urged the Centre to either extend the five-year revenue compensation period beyond June 30 or substantially raise their share in the goods and services tax (GST) […]
No change likely in GST on mass consumption goods
[ad_1] The shadow of the Gujarat assembly election later this year and high inflation will loom over the two-day meeting of the Goods and Services Tax (GST) Council starting on […]
Congress demands extension of GST compensation, reset of economic policies
[ad_1] Udaipur: The Congress party on Saturday demanded that the GST compensation period be extended by another three years amidst the current economic situation and poor financial health of states. […]
Punjab tax officers told to clear pending VAT, GST cases by June end
[ad_1] The Punjab taxation commissioner also directed the officers to meticulously complete assessment cases by September end, and not to wait till the end of fiscal Punjab taxation commissioner KK […]
Bhupesh Baghel writes to PM Modi, seeks extension of GST compensation
[ad_1] The Chhattisgarh CM has said that after the implementation of the GST tax system, the autonomy of states in shaping tax policies has become very limited and there is […]
Chhattisgarh CM urges Amit Shah to resume aid to Naxal-affected states
[ad_1] Chhattisgarh Chief Minister Bhupesh Baghel on Wednesday requested Union Home Minister Amit Shah to resume special assistance to the Naxal-affected states, which was discontinued in 2021. Baghel also requested […]
Baghel urges Amit Shah to resume special assistance to Maoist affected districts
[ad_1] RAIPUR: Chhattisgarh chief minister Bhupesh Baghel met union home minister Amit Shah in New Delhi on Wednesday and discussed the impact of Goods and Services Tax (GST) on the […]
GST collections at record ₹1.42 lakh crore in March
[ad_1] The Goods and Services Tax (GST) collection in March 2022 touched ₹1.42 lakh crore, the highest ever since the inception of the new indirect tax regime in 2017, highlighting […]
India sees all-time high GST collection worth ₹1.42 lakh crore in March
[ad_1] The gross GST revenue collected in March 2022 is ₹1,42,095 crore, of which CGST is ₹25,830 crore, SGST is ₹32,378 crore, IGST is ₹74,470 crore (including ₹39,131 crore collected […]
Third highest GST collections in February
[ad_1] NEW DELHI: The Goods and Services Tax (GST) collection in February crossed the ₹1.30 lakh crore mark for the fifth time since the regime’s inception in July 2017 despite […]
GST revenues soar 18% to ₹1.33 lakh crore in February
[ad_1] Gross revenue collection from the Goods and Services Tax (GST) surged to ₹1.33 lakh crore in February, posting an increase of 18% year-on-year, the government data showed on Tuesday. […]