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Tuesday, April 07, 2020

Goods and Service Tax (GST)

GOODS AND SERVICE TAX (GST) NEWS

Coronavirus crisis: GST down by 8 per cent in 6 days, worry mounts for April

April 03, 2020 2:03 am

This March, the collection was down by 8 per cent and the collection that came this time, most of it was from the essential service providers as people hoarded stock at their homes.

GST collections at Rs 1.05 lakh crore in February

March 01, 2020 10:12 pm

"The gross GST revenue collected in the month of February, 2020 is Rs 1,05,366 crore of which CGST is Rs 20,569 crore, SGST is Rs 27,348 crore, IGST is Rs 48,503 crore and Cess is Rs 8,947 crore," the finance ministry said in a statement.

West Bengal FM Amit Mitra says GST compensation fund way short of required level

February 26, 2020 1:07 am

Amit Mitra said the GST compensation fund is falling way short of the level required to fully bridge the state governments’ GST revenue shortfall, while criticising the Centre for delays in release of funds to the state under centrally sponsored schemes.

Mumbai: Year-old audit report had found floors gutted in fire ‘structurally hazardous’

February 18, 2020 1:51 am

The report, submitted by engineers from the Veer Jijabai Technological Institute (VJTI), last year had advised the immediate removal of the building’s top two floors - the ninth and the tenth floors - that were added about a decade-and-a-half ago.

Mumbai: Massive fire breaks out in GST Bhavan, everyone evacuated, no one injured

February 18, 2020 1:51 am

According to the Mumbai Fire Brigade, around 12.30 pm the fire started on the ninth floor of GST Bhavan and spread to the eighth and tenth floors. As there was a lot of woodwork and papers strewn around, the ninth floor was completely gutted.

Fine-tuning GST: Steps are being taken to improve the compliance eco-system

February 15, 2020 11:17 am

In order to identify dealers posing a “hazard” to revenue and do a 360-degree profile of risky taxpayers, a system of regular data exchange with banks, CBDT, ED, RoC and other agencies is being put in place; fraudsters will find it almost impossible to game the system.

CBI to court: GST officials taking cut from transporters

February 11, 2020 5:15 am

The information was revealed before Special CBI judge Santosh Snehi Mann, while the CBI was seeking further seven days’ custody of a Delhi government officer and officer on special duty (OSD) to Deputy Chief Minister Manish Sisodia, in a bribery case.

Gujarat: Two GST officers, peon booked for ‘taking bribe’

February 08, 2020 1:32 am

Based on a complaint filed by a dealer of a known snacks brand in Gujarat, ACB registered a case against Rajeevkumar Yadav, Gaurav Arora and Ravi Joshi. ACB said that Yadav and Arora are GST inspectors.

Slash GST rates on farm produce: Congress

January 30, 2020 2:14 am

The Congress also asked the government to spell out measures to ensure that farmers’ income doubles by 2022 and increase the allocation for MGNREGA.

Govt staggers GST return filing deadline to ease load

January 23, 2020 5:02 am

For about 8 lakh taxpayers with turnover over Rs 5 crore, the last date of filing would remain the same.