New Delhi, Jan 22 A company is liable to pay Goods and Services Tax (GST) on remunerations paid to Independent Directors on a reverse charge basis. The Rajasthan Appellate Authority on Advance Ruling (AAR) has also clarified that the parts
New Delhi, Jan 1 The gross Goods and Services Tax (GST) revenue collected in December 2020 reached a record high of over Rs 1.15 lakh crore. Out of the total GST revenue collection of Rs 1,15,174 crore, Central GST (CGST)
New Delhi, Sep 4 Union Minister Prakash Javadekar on Friday assured the automobile industry that he will take up its demand for a cut in the Goods and Services Tax (GST) with the Union Finance Minister and the Prime Minister.
New Delhi, Sep 2 The Covid-19-induced shrinking of economic activity for the past few months has continued to have an impact on the government’s tax collections with revenue under the Goods and Services Tax (GST) falling far below the psychological
Mumbai, Aug 25 The Reserve Bank of India has called for setting up an independent regulator for targeted public investment to revive and crowd in private investment. In its Annual Report 2019-20, it said that targeted public investment funded by
New Delhi, Aug 24 The Goods and Services Tax (GST), often hailed as the “biggest tax reform” in India, has evolved over the years, and the weighted rate of GST has declined in the past few years to 11.6 per
New Delhi, July 1 The COVID-19 induced shrinking of economic activity for past few months has continued to have its impact on government’s tax collections with revenue under the Goods and Services Tax (GST) falling far below the psychological level
New Delhi, June 5 In a bid to provide further relief to states amid the coronavirus outbreak, the finance ministry has released Rs 36,400 crore to states as compensation for their revenue loss in the goods and services tax (GST)
New Delhi, April 2 The sluggishness in the economy for the past few months has begun reflecting in the tax collections with the Goods and Services Tax (GST) mop-up breaching the psychological Rs 1 lakh crore level to Rs 97,597
New Delhi, March 14 The GST Council chaired by Finance Minister Nirmala Sitharaman on Saturday decided to raise rates on mobile phones to 18 per cent from 12 per cent now stating that the move would correct the inverted duty
New Delhi, Jan 7 (IANS) With the narrative shifting from rate increase to tightening the GST system, the government has finalised a slew of measures to curb evasion, including investigation of major fraud cases by Income Tax department (I-T) and frequent
New Delhi, Sep 1 The gross goods and services tax (GST) collection in August, 2019 stood at Rs 98,202 crore, up 4.51 per cent compared to Rs 93,960 crore in the same month last year. The GST collection, although higher
New Delhi, July 2 The Goods and Services Tax (GST) collection for the month of June rose 4.52 per cent to Rs 99,939 crore from the year ago period, but fell below Rs 1 lakh crore monthly revenue mop-up for
New Delhi, July 01 Stating that the Goods and Services Tax (GST) had been a “huge success”, industry body Confederation of Indian Industry (CII) on Saturday called for implementation of its next version. The call for further evolving GST comes
New Delhi, June 21 With the Goods and Services Tax (GST) regime stabilizing after a series of rate rationalizations, the focus of the government has now clearly shifted to easing the compliance burden and containing tax evasion. In its 35th
Anand, June 13 The National Dairy Development Board (NDDB) has called upon the Union Finance Minister Nirmala Sitharaman to rationalize direct and indirect taxes on dairy items and reduce the Goods and Services Tax (GST) on ‘ghee’ and flavoured milk,
New Delhi, June 1 The Goods and Services Tax (GST) collection for the month of May rose 6.67 per cent to Rs 1,00,289 crore from a year ago period staying above Rs 1 lakh crore in monthly revenue mop-up. The
New Delhi, May 14 The Indian economy will grow at 7 per cent range in the current fiscal powered by the effects of the strong structural reforms such as bankruptcy laws, Goods and Services Tax (GST), crackdown on shell companies
New Delhi, May 5 Research and rating firm, CARE Ratings, has projected the gross Goods and Services Tax (GST) collections in the range of Rs 12.60 to 13.40 lakh crore in the current financial year requiring an average monthly collections
New Delhi, May 1 The Goods and Services Tax (GST) collection rose 10.05 per cent to Rs 1,13,865 crore in April from a year ago recording highest ever monthly revenue mop-up since the new indirect tax system was rolled out
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