Goods and Services Tax

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Simplified return filing system: Prototype up for trial, feedback

The prototype of offline tool of new return is an interactive demo for stakeholders to see various functionalities and give their feedback on the same, before it goes live.

Demonetisation, GST wreaked havoc on marginalised workers: AIUWC

The AIUWC, a wing of the Congress party, celebrated World Labour Day across the country with the theme -- "Mazdoor ka hath - Congress ke sath".

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Transition plan for new GST rate for housing sector okayed

The Council, in Tuesday’s meeting, finalised the transitional rules, deciding that the new rate structure shall be applicable for all new projects after April 1.

GST collection drops to Rs 97,247 crore in February

The government has lowered the GST collection target for current fiscal to Rs 11.47 lakh crore in the Revised Estimates, from Rs 13.71 lakh crore budgeted initially.

Budget 2019: GST revenue falls short of target in FY19 by Rs 1 lakh crore; direct tax exceeds by Rs 50,000 crore

Finance Minister Piyush Goyal, while presenting the interim Budget for 2019-20, said in spite of major rate reductions and relaxations, revenue trends for GST are encouraging.

January GST collection crosses Rs 1 lakh crore

The collection in February would likely be impacted by rate cuts on 17 goods and six services which were announced by the GST Council on December 22 and came into effect from January 1.

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GST: Easing compliance burden, mounting revenue concerns

Here’s a look at the timeline of relief measures taken under GST in last one year.

Despite better compliance, December GST collections slide to Rs 94,726-crore

The compliance rate, however, improved with 72.44 lakh businesses filing the summary GSTR-3B returns in December as against 69.6 lakh businesses filing GST returns in the previous month.

GST mop-up crosses Rs 1 lakh crore in October: Higher detection of evasion, recoveries possible triggers

In July 2017-March 2018, DGGSTI had recovered Rs 235 crore which was about 27 per cent recovery from detection of Rs 878 crore in 176 cases.

RBI: Loan defaults by small businesses double in a year

RBI said that the bulk of loan defaults, which rose from March 2017, is accounted by public sector banks which had a share of 65.32 per cent in outstanding loans to small units, down from 66.61 per cent in the previous year.

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Goods and Services Tax Network Rejects CAG's Request To Appoint Auditor

GSTN or Goods and Services Tax Network, a private limited company set up in 2013 for providing IT infrastructure to all stakeholders for the implementation of the Goods and Services Tax, has rejected a request from CAG to appoint an auditor as well as to conduct a supplementary audit as is being done, at present, […]

Budget Session: Naidu says ready to discuss all issues

New Delhi, Feb 22 (ANI): Briefing the media after the all-party meet, Union Minister for Parliamentary Affairs M. Venkaiah Naidu on Monday said today's meeting helped to build consensus to make parliament function smoothly. He added that some people wanted to discuss governor's issue, agriculture crisis, Jat reservation whereas some people suggested the Goods and Services Tax (GST) to be the top priority. He cleared the air by saying that they are ready to discuss all the burning issues.

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