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GST

28% GST To Be Levied On Full Value Of Online Gaming, Horse Racing, Casinos

28% GST to be levied on full value of online gaming, horse racing, casinos

In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos. Jul 11, 2023
GST Network Brought Under Anti-Money Laundering Law To Plug Tax Evasion

GST network brought under anti-money laundering law to plug tax evasion

Aiming to plug tax evasion through fake billing, Centre has brought the GST Network (GSTN) under the purview of Prevention of Money Laundering Act (PMLA). Jul 8, 2023
Rahul Gandhi

K'taka Polls: Rahul Gandhi to hold roadshow in Ballari today

Congress leader Rahul Gandhi will hold rallies and take part in various programmes in north Karnataka region including a roadshow in Ballari, which he has been showcasing as a business model that was badly hit by GST. Apr 28, 2023
Telangana weavers send postcards to PM.

Novel protest: Telangana weavers send thousands of postcards to PM

In a novel protest, thousands of handloom weavers from Telangana on Monday sent postcards to Prime Minister Narendra Modi demanding rollback of Goods and Service Tax (GST) on handlooms. Nov 1, 2022
GST or Goods and Services tax

Oct 1 deadline for compulsory e-invoice generation nearing

Businesses having aggregate annual turnover of Rs 10 crore and more will have to compulsorily generate e-invoices for business-to-business (B2B) transactions from October 1 onwards, according to the Finance Ministry Sep 27, 2022
GST or Goods and Services tax

GST on rent for business entities only, govt issues clarification [Details]

The Centre on Friday issued a clarification regarding GST on house rent, noting renting of a residential unit is taxable only when it is given to a business entity. Aug 12, 2022
Central Goods and Services Tax (CGST)

CGST sleuths bust Rs 185 crore fake ITC scam in Mumbai, arrested 2 people

The Central GST's Mumbai South Commissionerate has busted a major racket of Rs 185 crore fake GST invoices used to avail bogus GST Input Tax Credit of around Rs 22 crore, and arrested two persons, officials said here on Saturday. Jul 23, 2022
K'taka traders to observe bandh against GST on rice, foodgrains

Karnataka traders to observe bandh against GST on rice, wheat, pulses, other foodgrains

The Agricultural Purchase Marketing Committee (APMC), commission agents, purchasers, traders and labour unions are observing bandh in Karnataka on Friday against the imposition of 5 per cent GST on rice, wheat, pulses and other foodgrains. Jul 15, 2022
new rates of property tax

Municipal Corporation of Delhi introduces new rates of property tax

The Municipal Corporation of Delhi (MCD) has implemented new rates of property tax to bring uniformity in the rates after the amalgamation of civic bodies in the nation Jul 8, 2022
Curd Rice

GST applicable on Curd, lassi, bank cheque books from July 18 [List of products where GST increased or decreased]

Come July 18, 18 per cent Goods and Services Tax (GST) will be applicable on bank cheque book/loose leaf cheques and 12 per cent on maps, atlas, and globes. Jun 29, 2022
Goods and Services Taxes

Unbranded packaged foods, budget hotels to be brought under GST

Unbranded pre-packaged food items, hotels with room rent less than Rs 1,000 to be brought under the Goods and Services Tax (GST) net seems to be the decision of the GST Council. Jun 29, 2022
GST collection touches all-time high in April at Rs 1.68 lakh cr

GST collection touches all-time high in April at Rs 1.68 lakh cr

The monthly collection under the Goods and Services Tax (GST) has touched a record high of Rs 1.68 lakh crore in April 2022, data showed. May 2, 2022
Goods and Services Taxes

GST collection touches all-time high in April; stands at Rs 1.68 lakh crore [details]

The gross GST collection has crossed the Rs 1.5 lakh crore-mark for the first time in April 2022 and Rs 1 lakh crore-mark for the 10th month in a row. May 1, 2022
gst, gst council, gst rates, gst for small traders, gst forms, gst tally, gst india inc, gst banks, gst arun jaitley

GST clocks second highest ever collection, touches Rs 1,30,127 crore in October

In October, gross GST collection was Rs 1,30,127 crore, with CGST at Rs 23,861 crore, SGST at Rs 30,421 crore, IGST at Rs 67,361 crore (including Rs 32,998 crore collected on goods imports), and cess at Rs 8,484 crore (including Rs 699 crore collected on import of goods). Nov 1, 2021
India auto-rickshaw

Rickshaw puller in UP gets I-T notice for Rs 3 Cr

Pratap Singh also posted a video on social media claiming illiteracy hindered him from distinguishing between an original and a coloured copy PAN card. Oct 25, 2021
Nirmala Sitharaman Migrant Crisis

GST Council Meeting: Majority opposed inclusion of petrol under GST, says FM [Full List of New Decisions]

GST Council members did not find the current stage as apt to bring petroleum products under the GST ambit, said Finance Minister Sep 17, 2021
Water

Treated sewage water is 'purified water', liable to 18% GST: AAR

In a unique interpretation of the laid down regulations, the Maharashtra bench of the Authority of Advance Ruling (AAR) has termed treated sewage water as purified form of water, the supply of which is liable to 18 per cent GST. Jul 31, 2021
Income tax evasion is a criminal offence

Rs 35,000-crore tax fraud detected in FY 20-21 involving fake ITC; over 400 held [details]

Despite COVID restrictions, GST officers register 8,000 fraud cases, and 426 persons have been arrested. Jul 13, 2021
gst council meeting

GST council slashes rates on Covid items; Vaccine remains taxed at 5%

On Saturday, the GST Council resolved to reduce the rates of many Covid-relief items from 12 to 18 percent to 5%. The council agreed to follow the recommendations of the Group of Ministers, according to Finance Minister Nirmala Sitharaman Jun 12, 2021
Nirmala Sitharaman

No stimulus but more Covid exemptions in GST announced by FM

According to the finance minister at the GST council, no final decision has been made on a fresh stimulus plan to boost the economy amid the pandemic. May 29, 2021
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