Goods and Service Tax (GST)

Goods and Service Tax (GST) News

GST: Evasion, returns and revenue boosting measures to feature at officers’ meet Monday

This will mark a first of its kind interaction between central and state tax officers, delinked from the agenda of the GST Council meeting.

GST might have flaws, but we just can't damn it now: Nirmala Sitharaman

The Finance Minister's statement was in response to a person who "derided" the GST during an interaction with businessmen, entrepreneurs and Chartered Accountants in Pune.

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GST Council forms 12-member panel to suggest compliance, revenue reforms

The panel has officials from Maharashtra, Tamil Nadu, Uttar Pradesh, West Bengal, Punjab, apart from officials from the Centre and GST Network (GSTN).

Subdued GST collections, lower tax devolution will impact state finances, pose macro risks

To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states’ fiscal deficits.

Only quarterly return filing for 70% GST taxpayers from April

Taxpayers with annual turnover less than Rs 5 crore will be able to opt for quarterly filing of returns and monthly payment of tax under the new proposed returns filing system under GST.

GST collection falls for third consecutive month, slips to Rs 91,916 cr in September

The revenue collection in the same month, a year ago, stood at Rs 94,442 crore. The figures were released by the government on Tuesday. 

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NCR exporters, Kandla SEZ units involved in GST fraud: DGCI Ahmedabad

DGCI has identified more than 25 suppliers from states such as Assam, Bihar, Delhi, Haryana, Madhya Pradesh and Uttar Pradesh, who issued fake invoices of over Rs 1,000 crore, to the NCR-based exporters, without supply of goods, to facilitate refunds.

GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in August

This is the second time during this year that the revenue collection from the GST slipped below the Rs 1 lakh crore mark. First, it happened in June when the collection was Rs 99,939 crore.

Arun Jaitley piloted two epic reforms: GST and bankruptcy code

A breakdown in relations with the Reserve Bank of India over the issue of the Central bank’s surplus reserves and many other issues was another blip during his tenure.

Arun Jaitley: PM Modi’s go-to man and key strategist on economic policy and legal issues

Apart from a series of measures to enhance the productivity of the Indian economy, Arun Jaitley was instrumental in bringing political consensus for a marathon legislative process and subsequent implementation of the Goods and Services Tax.

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