GST News

Data related to GST Compensation to states

11 August 2018 at 17:48

Government has compensated to the States/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States on

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Recommendations made by FICCI to GST Council for MSMEs

07 August 2018 at 11:11

The group of state finance ministers headed by MoS Finance Mr. Shiv Pratap Shukla will help provide speedy solutions to the problems faced by the MSMEs: Rashesh Shah, President, FICCI NEW DELHI, 6 August 2018: FICCI welcomes the initiative taken by t

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BHIM, Rupay users to get 20% Cashback: GST Council

06 August 2018 at 10:46

Finance Minister Piyush Goyal chairs the Goods and Services Tax (GST) Council meeting in New DelhiFinance Minister Piyush Goyal is chairing the Goods and Services Tax (GST) Council meeting in New Delhi today. The meeting will discuss the concerns and

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Revenue from the GST touched Rs. 7.19 lakh crores

04 August 2018 at 13:16

Revenue from the Goods and Services Tax (GST) touched Rs. 7.19 lakh crore between August, 2017 and March, 2018The revenue from the Goods and Services Tax (GST) touched Rs. 7.19 lakh crore between August, 2017 and March, 2018. The Monthly Revenue Aver

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Progress on GST E-way Bill System

04 August 2018 at 13:16

The E-way Bill System has been introduced nation-wide for inter-State movement of goods with effect from 1st April, 2018 while the States were given the option to choose any date till 3rd June, 2018 for the introduction of the E-way bill system for i

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Goods & Services Tax Collections Till Now

04 August 2018 at 13:16

The Government maintains month-wise data of Goods & Services Tax collection. The details of collections from July, 2017 to June 2018 are at Annexure.The accounting of GST collections in the Central Government is done on the cash basis. Accordingl

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29th GST Council Meeting - Key Highlights and Decisions

04 August 2018 at 12:54

29th Goods and Service Tax (GST) Council meeting to be held today on 4th August 2018 in New Delhi. Yesterday, prior to the 29th Council meeting, the preparatory meet was conducted to discuss the broad agendas of the meeting.What's Expected from t

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Rs. 96,483 crores of GST Collected in July 2018

02 August 2018 at 11:31

The Total Gross GST Revenue collected in the month of July 2018 is Rs. 96,483 crore of which CGST is Rs. 15,877 crore, SGST is Rs. 22,293 crore, IGST is Rs. 49,951 crore (including Rs. 24,852 crore collected on imports) and Cess is Rs. 8,362 crore (i

Posted in GST | 1 comments | 1992 Views

Two Businessmen arrested for issuing Fraudulent ITC Invoices under GST

02 August 2018 at 11:31

Central GST Delhi West Commissionerate arrests two Rohini based businessmen today in national capital in a case of fraudulent issuance of Input Tax Credit (ITC) invoices without actual supply of goods involving tax evasion of approximately Rs. 201 cr

Posted in GST | 1 comments | 3792 Views

Rs. 54,378 crore of Refunds processed under GST 3rd Refund Fortnight

02 August 2018 at 11:31

Total Rs 54,378 crore of Refunds processed by the Centre and the States till 31st July, 2018 under GST during the Third Refund Fortnight.As part of the continued focus of the Government of India to liquidate pending GST refunds, the Central Board of

Posted in GST | 2088 Views