GST News

Amit Mitra urges FM Sitharaman to extend GST compensation from 3 to 5 years

14 June 2022 at 08:45

Former West Bengal Finance Minister Amit Mitra has written a letter to Union Finance Minister Nirmala Sitharaman urging her to continue to provide GST compensation to the States for the next three to five years beyond June 2022.

Posted in GST | 1 comments | 3957 Views

CBIC Chairman: GST council will decide on compensation cess

13 June 2022 at 08:53

The GST council will take a decision on the demand by Goa and other smaller states on continuing with compensation cess, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said.

Posted in GST | 1611 Views

CBIC chairman: GST council need to bring petroleum products under the ambit of GST

12 June 2022 at 09:13

CBIC chairman Vivek Johri on Saturday added that there's a need for the GST council to deliberate bringing petroleum products under the ambit of GST.

Posted in GST | 3567 Views

FM Nirmala Sitharaman to inaugurate National Museum of Customs and GST in Goa

11 June 2022 at 08:47

Smt. Nirmala Sitharaman would be dedicating to the nation 'Dharohar' – the National Museum of Customs and GST in Panaji, Goa on Saturday, as part of the Azadi Ka Amrit Mahotsav Iconic Week celebration of the Ministry of Finance.

Posted in GST | 1470 Views

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 | 1731 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 | 3474 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 | 1695 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 | 6765 Views