Goods And Service Tax

Thursday, Apr 18, 2024 | Last Update : 03:12 PM IST

The government said this robust growth is expected to continue in the coming months, according to the finance ministry statement released on Sunday. (ANI)

GST collections cross Rs 1-L cr mark in July

The GST collections in July 2021 are primarily for supplies and sales made in June

02 Aug 2021 1:14 PM

15th Finance Commission Chairman N K Singh.

15th finance panel stresses on dialogue with GST council

Dialogue between the commission and GST council to address various concerns on the taxation regime.

25 Jun 2019 8:28 PM

Education Minister Ratan Lal Nath said "We are optimistic that the revised rules would attract potential investors to Tripura and help in building an investment-friendly environment here." (Representational image)

Tripura to provide subsidy on setting up of large industries

Decision to provide subsidies on capital investment for large industries was taken in a ministers meeting recently.

05 Jun 2019 1:54 PM

The appellate authority has been mandated to pass order within 90 days of the filing of an appeal.

GST Council may consider national bench of AAAR next month

Industry is of the view that since both the AAR and AAAR only have tax officers as members.

19 May 2019 12:03 PM

The target for GST collection was revised downwards to Rs 6.44 lakh crore from the Budget Estimate of Rs 7.44 lakh crore.

Direct tax mop-up may fall short of Rs 50,000 cr in FY'19, says official

The shortfall in direct tax mop-up coupled with lower GST realisation may have implications on fiscal deficit.

09 Apr 2019 5:54 PM

Ministry of civil aviation (Representational Image)

Aviation ministry receives letter on MRO’s condition

The MAOI also pointed to the fact that despite the government opening up 100 per cent FDI, no foreign player had bought into it.

24 Nov 2018 7:13 AM

Free or complementary tickets given by franchise owners for IPL matches will attract Goods and Services Tax (GST), the Authority for Advance Ruling (AAR) said.

Free or complementary IPL tickets to attract GST upto 18 per cent: AAR

Providing complementary tickets free of charge would be considered supply of service and therefore leviable to tax.

14 Oct 2018 2:01 PM

The current Goods and Services Tax model implemented by the NDA government was the 'most complex' in the world and has to be further simplified, Punjab Finance Minister Manpreet Singh Badal has said.

GST 'most complex', needs massive fixing: Punjab Finance Minister

The way India designed its GST, I would actually give it 2 out of 10, says Manpreet Singh Badal.

11 Oct 2018 5:42 PM

The CBIC has asked tax officials of the Centre as well as state governments to initiate enforcement actions against GST evaders irrespective of jurisdiction with a view to checking revenue leakage.

Jurisdiction of taxpayer should not hamper GST enforcement action: CBIC

Central tax officials would not transfer cases to state officials and vice versa.

09 Oct 2018 4:48 PM

The finance ministry expects the GST collections to cross Rs 1 lakh crore in November and December on account of festive season demand and the anti-evasion measures initiated by the revenue department.

GST collections likely to top Rs 1 lakh crore in November, December

The GST collection should cross Rs 1 lakh crore because of festive season demand.

02 Oct 2018 6:07 PM

The 15th Finance Commission meeting on Wednesday.

Finance commission now praises Maharashtra’s economy

After raising questions, says its fiscal discipline is laudable.

20 Sep 2018 6:48 AM

Opposition calls for bandh over fuel price hike

Nirupam slammed government for collecting drought cess from the people, in spite of the flooding situation.

09 Sep 2018 6:57 AM

Easing compliance burden for businesses, the Finance Ministry has said GST refunds can be claimed by simply submitting a printout of 'GSTR-2A' form to tax authorities instead of giving all purchase invoices of a month.

Finance Ministry simplifies GST refund claim process for businesses

GST refunds can be claimed by simply submitting a printout of 'GSTR-2A' form.

05 Sep 2018 4:21 PM

For outdoor media, the expenditure for GST advertisement stood at Rs 5,44,35,502, the bureau said in its RTI response dated August 9, 2018.

Govt spent Rs 132.38 crore on GST advertisements

Expenditure on GST advertisements through this bureau" on print media stood at Rs 1,26,93,97,121.

03 Sep 2018 10:26 AM

Finance Minister Piyush Goyal, who on Saturday chaired the 29th Goods and Services Tax (GST) council meeting, announced that a committee has been set up to look after the issues of Micro, Small and Medium Enterprises (MSMEs). (Photo: PTI)

GST council forms committee to resolve MSMEs issues

Goyal said that the council has chalked out certain measures to ease the issues of MSMEs.

05 Aug 2018 6:24 PM

GST collections rose to Rs 96,483 crore in July from Rs 95,610 crore mopped up in the previous month. (Photo: PTI)

GST revenue increases to Rs 96,483 crore in July

The revenue collection figures do not reflect the impact of the recent tax rate cuts on 88 items.

01 Aug 2018 3:56 PM

Senior Congress leader and former finance minister P. Chidambaram on Saturday criticised the Centre for failing to effectively implement the Goods and Service Tax (GST) in India in 2017. (Photo: PTI)

28 pc GST rate added the Excise, VAT and CST, says Chidambaram

He also said that scores of small and medium-sized enterprises have been shattered because of the high interest rates.

28 Jul 2018 10:26 AM

Union Minister Arun Jaitley on Friday exuded confidence that GST rates on cement, ACs and televisions will be cut as tax revenues from them increase, and only luxury and sin goods will attract the highest slab of 28 per cent.

Household items had 'Congress Legacy Tax' of 31 pc before GST: Jaitley

The past one year, he added, has seen rate reduction in 384 commodities.

27 Jul 2018 3:52 PM

The anti-profiteering authority has ordered audit of major e-commerce companies like Flipkart, Amazon and Snapdeal, to find out whether they have refunded the excess GST collected from the consumers.

E-commerce companies to face tax audit over GST refund issue

The anti-profiteering authority was set up last year to ensure that consumers get the benefit of tax rate reduction.

25 Jul 2018 4:56 PM

GST, which has completed one year this month on July 1, 2018, has continued to haunt the students from the weaker section of society and professionals in India.

18 pc GST on coaching classes, institutes to impact hard up students

GST has continued to haunt the students from the weaker section of society and professionals in India.

25 Jul 2018 4:40 PM

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Syed Ata Hasnain