goods and service tax

Gross GST collections up 10% to Rs 1.73 lakh crore in May, growth rate moderates

June 02, 2024 7:21 am

The rise in GST collections was mainly driven by a “strong increase in domestic transactions”, which increased by 15.3 per cent as against 13.4 per cent growth rate in April.

FISME, Tamil Nadu Chamber of Commerce flag concerns about GST registration

May 17, 2024 1:03 am

Tamil Nadu accounts for the country's third-largest number of MSMEs, with 8 per cent share totalling five million enterprises, it said.

No GST dues pending, some states have not submitted AG report, says Nirmala Sitharaman

December 13, 2023 8:25 am

Over the misuse of authority by local officers exceeding his brief, Sitharaman said action had been taken by the council.

Increased monthly GST collections mainly on account of higher compliance: CBIC chief

September 28, 2023 4:37 pm

CBIC chief Sanjay Kumar Agarwal on Thursday said increased monthly GST collections are mainly on account of higher compliance, and the GST Council's decision to tighten return filing and registration process would help reduce fake ITC claims in evasion prone sectors, including iron and steel.

GST collection rises 11% to Rs 1.65 lakh crore in July

August 02, 2023 8:03 am

Revenues for the month were 10.8 per cent higher than the GST revenues in the same month last year, the finance ministry said in a statement.

GST evasion of Rs 14,302 cr across 2,784 cases detected in April-May

August 01, 2023 8:51 am

A total of 5,493 prosecution complaints were filed by the tax department during the same period.

Arvind Datar writes: With high GST on online games, death by taxes

July 26, 2023 11:39 am

The policy is based on flawed logic. It is likely to kill an industry that employs a large number of people

GST Council meet: Opposition states raise concerns over inclusion of GSTN under PMLA

July 12, 2023 7:03 am

Revenue Secretary Sanjay Malhotra said the notification was issued because it is one of the requirements under the Financial Action Task Force (FATF), for which the mutual evaluation process is already underway for India.

GST collections up 26% to over Rs 1.47 lakh crore in September

October 01, 2022 2:06 pm

The gross GST revenue collected in the month of September 2022 is Rs 1,47,686 crore, of which Central GST is Rs 25,271 crore, State GST is Rs 31,813 crore, Integrated GST is Rs 80,464 crore and Cess is Rs 10,137 crore, the ministry said in a statement.

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.

Opinion | Is GST Good For India?

June 22, 2020 7:02 pm