GST

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

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 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

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

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

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

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

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

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

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

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

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 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

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

GST Council extends compliance relief for taxpayers

The GST Council's 43rd meeting continued to provide relief to taxpayers, particularly small taxpayers, who have been disproportionately impacted by the Covid outbreak's second wave. For taxpayers with an annual income of up to Rs 2 crore, FY 2020-21 will be optional.

May 29, 2021

Lieutanant Governor of J&K Manoj Sinha releasing 'annual report promoting good governance' on Wednesday

Notwithstanding COVID restrictions, J&K collects record ₹4,890 crore in GST during FY 2020-21 [details]

Despite three-month lockdown, excise revenue also registers a 5.36 % hike.

May 19, 2021

Tax, Budget 2017, Union Budget 2017, Income Tax, senior citizens, common man

Filing taxes: GST brings in important change, gives operational flexibility [details]

Tax filers will now be permitted to declare invoices pertaining to the movement of goods and services in their quarterly return form GSTR 1 to be filed in the last month of each quarter.

Apr 4, 2021

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GST