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Sunday, June 26, 2022

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GOODS AND SERVICE TAX NEWS

Officers committee suggests deferment of decision on levying GST on crypto

June 24, 2022 6:06 pm

The Fitment Committee deemed it necessary to include all pertinent supplies related to the crypto-ecosystem that fall under the purview of GST, as well as the type of those supplies—whether they are goods or services—and the corresponding rate.

Delhi: Car on discount promise used to dupe hundreds

July 28, 2021 8:18 am

In the last seven months, police say they have busted more than 25 fake call centres in Rohini and West Delhi and arrested more than 225 persons.

Record GST mop-up in April: Rs 1.4 lakh crore

May 02, 2021 3:02 am

The April collections, which account for sales in March, mark the seventh month where the monthly GST collections have crossed the Rs 1-lakh-crore mark. GST revenue had dipped to an all-time low of Rs 32,172 crore in April 2020.

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.

GOODS AND SERVICE TAX VIDEOS

Opinion | Is GST Good For India?

June 22, 2020 7:02 pm

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