GST News

GST to help revenue boost beyond budget estimates: Revenue Secretary Bajaj

10 June 2022 at 14:21

Even as the government takes a hit on revenue due to the recent excise and custom duty cuts on fuel and certain commodities, going by the preliminary indicators, revenue receipts in FY’2022-23 may exceed the budget estimates on strong Goods and

Posted in GST | 1707 Views

GST on EV batteries could be reduced

10 June 2022 at 10:41

To give a boost to green mobility plans, Indian government may cut the GST on lithium-ion batteries and bring them on par with taxes on electric vehicles (EVs).Discussions have already begun on how to proceed with the plan, which is a crucial step in

Posted in GST | 3411 Views

GST, IBC reforms to push growth after current challenges dissipate, says Chief Economic Advisor

09 June 2022 at 10:27

In his address during the AKAM celebrations, Chief Economic Advisor Dr Anantha V. Nageswaran said that the structural reforms of this Government, such as the GST and the IBC will manifest their advantages and potential in the coming decade

Posted in GST | 1626 Views

CBI arrests superintendents of GST Customs over bribery charges

07 June 2022 at 17:11

CBI on Monday arrested two superintendents of Goods and Services Tax (GST), Ballari - Madhusudana Kavadiki and Ananth Narhari and a superintendent of Customs, Chamrajpet in Bengaluru - Shashikant Machindra Deshmukh - in alleged cases of bribery.

Posted in GST | 1 comments | 6732 Views

New functionalities deployed on GST Portal for taxpayers - May 2022

07 June 2022 at 08:53

New functionalities made available for taxpayers on GST Portal for the month of May 2022

Posted in GST | 7578 Views

GSTN: 6% tax rate added in GSTR-1 online

02 June 2022 at 08:49

It may be noted that 6% tax rate has been added in the item details section of all the tables of form GSTR-1, except HSN table 12

Posted in GST | 6885 Views

GST collection crosses Rs. 1.40 lakh crore for May 2022

01 June 2022 at 14:52

GST collection crosses Rs. 1.40 lakh crore mark 4th time since inception of GST; 3rd month at a stretch since March 2022

Posted in GST | 3756 Views

Centre clears entire GST compensation dues of states till 31st May 2022

01 June 2022 at 08:43

The Government of India has released the entire amount of GST compensation payable to States up to 31st May, 2022 by releasing an amount of Rs.86,912 crores.

Posted in GST | 3924 Views

GST Fraud worth Rs. 700 crore unearthed in Madhya Pradesh

30 May 2022 at 08:42

Five people from Gujarat have been arrested in connection with an alleged GST credit fraud to the tune of Rs. 700 crore, Madhya Pradesh police said today.

Posted in GST | 8049 Views

Late fee waived till 30th June for delayed filing of GSTR-4

27 May 2022 at 08:37

CBIC on Thursday waived late fees for two months till June for delayed filing of GST returns for financial year 2021-22 by small taxpayers registered under the composition scheme.

Posted in GST | 8991 Views