goods and service tax

GST mop-up above Rs 1 lakh cr for 2nd straight month in Nov

December 02, 2020 5:55 am

GST collections, which had slumped to a record low of Rs 32,172 crore in April, after the government imposed a nationwide lockdown to curb the spread of the coronavirus, has been picking up thereafter and has remained above Rs 1 lakh crore mark for two consecutive months now.

Haryana: CBI arrests GST official for graft after dramatic chase

August 17, 2020 2:19 am

The CBI was acting on an FIR it had registered on the basis of a complaint filed by Sonipat resident Manoj Kalra, who runs a business of manufacturing medicines.

Change in inverted rate structure, payment to states to be key issues

March 12, 2020 6:03 am

Though revenue shortfall and delayed compensation payments to states are expected to dominate the meeting, apart from correcting the inverted structure, any major rate increase either across tax slabs or for cess is unlikely to be formalised, given the concerns about the overall economic slowdown, officials said

GST may become two-tier tax with merger of 12, 18 % slabs: Arun Jaitley

July 01, 2019 2:16 pm

Observing that a sudden reduction of tax rates on all categories of goods can lead to a massive loss of revenue for the government leaving it without resources to spend, Jaitley said "this exercise had to be done in a gradual manner as the revenues increased".

Administration of GST does not command trust of states: Former RBI Governor Y V Reddy

April 04, 2019 5:00 am

Y V Reddy was speaking at the Indian Institute of Management-Ahmedabad at the unveiling of his new book ‘India’s Fiscal Federalism’.

Boost to realty sector with GST on under-construction homes cut to 5%

February 25, 2019 12:59 am

The proposal to have a uniform rate for state-run and state-authorised lottery at 18 or 28 per cent was referred back to the Group of Ministers.

As GST compliance rate takes a hit, Centre scrambles to locate missing taxpayers

January 05, 2019 11:49 am

The government has also detected cases wherein fake invoices are being used to claim input tax credit.

States to reach out to traders, industry to list out GST grievances

July 26, 2018 1:00 pm

The 29th GST Council meeting, to be held on August 4, will discuss issues faced by the micro, small and medium enterprises (MSME) and ways to solve their problems.

Include petroleum products, real estate under GST, says Congress

January 18, 2018 2:04 am

Punjab Finance Minister Manpreet Badal said almost all the claims made by the NDA government while rolling out the GST have fallen flat.

Government turns down requests to lower GST rate on lottery businesss

January 15, 2018 1:50 am

Higher rate has adversely impacted the lottery business in many states.

Opinion | Is GST Good For India?

June 22, 2020 7:02 pm