GST News

GST mop-up at record Rs 1.06 lakh crore in March; Centre misses FY19 target

While the Centre’s GST revenue is estimated to be less by around Rs 70,000 crore from the revised estimate for 2018-19, on the direct tax front, the collections are learnt to have slipped by around Rs 30,000-35,000 crore.

GST not only ill-planned, but suffers from structural problems: Arun Kumar

Leader of Janata Dal (United) Pavan Varma said that there was “political unanimity” that a “some kind of substantial tax reform” was required, but agreed that the implementation could have had been better.


GST mop-up falls from Rs 1.02 lakh crore in January to Rs 97,247 cr in February

73.48 lakh businesses file summary GSTR-3B returns, as against 73.3 lakh in January

GST on real estate, lottery: Opposition wants detailed meeting

With the recent defeat of the BJP in three states, the composition of the Council has changed and the central ruling party will require support in case all Opposition-ruled states decide to vote against the proposal.

NAA: Jubilant didn’t pass Rs 41.42 cr GST benefit to customers

The order was passed based on an e-mail complaint filed by a customer that Jubilant FoodWorks had not reduced the prices of ‘Dominos Stuffed Garlic Bread’ and ‘Medium Veg Pizza’ despite a cut in GST rate from 18 per cent to 5 per cent.

GST collections rise to Rs 1.02L cr in Jan as compliance rate improves

The Finance Ministry in a statement on Thursday had said that total gross GST revenue collected in January crossed Rs 1 lakh crore mark, terming it as a “significant improvement” over collection of Rs 94,725 crore last month and Rs 89,825 crore during the same month last year.


Gandhinagar: CGST department arrests one for GST fraud

The accused would pay Rs 5,000 to Rs 10,000 to the proprietors per month for using their documents and running the firms in their names, while also receiving one per cent of invoice value as commission from the other firms to whom he issued the fake invoices.

GST rollout biggest reform taken as part of systemic reform: Nirmala Sitharaman

In her address at the Tamil Nadu government's second Global Investors' Meet (GIM), the Defence Minister said the government has ensured that systemic reforms were taken up with 'courage.'

Cabinet clears setting up of national bench of GST appellate tribunal

The GST Appellate Tribunal will act as forum for second appeal in case of dispute and also decide cases where there are divergent orders at the state level.

India to surpass China to become 2nd largest oil demand centre in 2019

In a report, Wood Mackenzie said India's oil demand growth recovered strongly in 2018, overcoming the aftermath of the implementation of Goods and Services Tax (GST) and demonetisation, and contributed 14 per cent of the global demand growth or 2,45,000 barrels per day.

GST Videos

The Agrarian Unrest Part 1: This could be the Narendra Modi government’s biggest problem

Thousands of farmers from across the country have taken to the streets. ‘Dilli chalo’ is their slogan. What do they want? And is agrarian distress this government’s biggest problem? Harish Damodaran explains.

Why a leader is aligning with someone is more important that who aligns with who; Mamata Banerjee has a major role: Amit Mitra, Bengal Finance Minister

Bengal FM Amit Mitra talks about demonetisation, the problems with GST, failing Centre-state relations, the need for protecting and building institutions such as the RBI and CBI, investments in the state, and what the BJP “doesn’t get about Bengal".


How demonetisation and GST hit MSMEs: News in Numbers

Two years on, we look at how demonetisation (and GST) had an adverse impact on micro, small and medium enterprises or MSMEs. Here are some of the concerns that MSMEs are dealing with.