New Delhi, Jan 18 (IANS) Shares in textile business have witnessed a consistent uptick in the recent months due to various policy measures and on hopes of a firm outlook for the sector going ahead. Besides, the GST council’s recent move
New Delhi, Jan 1 (IANS) India’s GST collection rose 13 per cent in December 2021 on a year-on-year basis to Rs 1,29,780 crore. However, December’s collections declined on a sequential basis from Rs 1,31,526 crore reported for November. “The revenues for
New Delhi, Dec 16: The Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Lok Sabha today informed that in order to promote ethanol blending, the Government has lowered Goods
Bhubaneswar, Dec 3 (IANS) Odisha has recorded 64 per cent growth in GST collection in November compared to the same month of the last fiscal, officials said on Thursday. The state has collected GST of Rs 4,136 crore last month as
New Delhi, Dec 1 (IANS) India’s GST collection rose on both sequential and year-on-year basis in November. Accordingly, the gross GST collection rose to Rs 1,31,526 crore last month. This was the second straight month when the gross GST collection crossed
New Delhi, Nov 15 (IANS) Based upon specific intelligence, officers of the Anti Evasion Branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have unearthed a case of availment/utilisation and passing on of inadmissible input tax credit (ITC), through
Chennai, Nov 3 (IANS) The drastic increase in raw material prices seems to have contributed to the jump in Goods and Services Tax (GST) collections in October 2021 than the real growth in the economy, an official of Consortium of Indian
New Delhi, Nov 1 (IANS) The GST collection of the government maintained its momentum this fiscal year despite Covid disruption as a pickup in economic recovery is shoring up corporate earnings. The gross GST revenue collected in the month of October
New Delhi, Oct 25 (IANS) Private and public sector agencies providing goods and services and collecting charges from clients on behalf of the government will not be exempt from paying GST and have to pay the tax at applicable rates, the
New Delhi, Oct 17 Cloud kitchens are restaurants, ice cream parlours are not. Alcoholic beverage is not food or a food products. Mineral rights are taxable but the question remains whether these should be taxable at all. The GST regime
New Delhi, Oct 3 (IANS) The next few meetings of the GST Council would take the country’s new indirect tax regime closer to the goal of providing a transparent tax system with minimal exemptions and fewer rates. Sources working on the
New Delhi, Sep 8 With GST revenue collections making a rebound post the disruptions caused by the second wave of Covid pandemic, the Centre is likely to initiate dialogue with states for inclusion of petroleum products under the new indirect
New Delhi, Sep 7 The Centre proposes to revamp the advance ruling mechanism under the GST by setting up a centralised authority to address the issue of contradictory orders passed by the Authority for Advance Rulings (AAR) in different states.
New Delhi, Aug 30 The Finance Ministry has extended the last date to avail of the late fee amnesty scheme under Goods and Services Act (GST), till November 30. The scheme was due to expire on August 31. The government
New Delhi, July 21 The Central Board of Indirect Taxes and Customs (CBIC) has clarified that extension of time limit for tax-related matters as per recent Supreme Court order is restricted only to quasi-judicial and judicial matters relating to petitions,
New Delhi, July 10 The Indian operations of French aviation giant Airbus involving procurement of raw material from local vendors and facilitating supply abroad are ‘intermediary services’ and hence liable to 18 per cent GST, an authority of advance ruling
New Delhi, July 6 India’s gross GST revenue collection fell below the psychological mark of Rs 1 lakh crore for the first time this year, clocking Rs 92,849 crore in June 2021, as collections fell due to disruptions caused by
New Delhi, July 1 Minister of State for Finance and Corporate Affairs Anurag Thakur said that the record high GST collections in the past few months despite the pandemic show India’s economic resilience and the sincerity of businesses towards nation
New Delhi, July 01 The Central Board of Indirect Taxes and Customs (CBIC) will honour taxpayers who have been a part of the GST success story on the eve of completion of four years of indirect tax reforms. The board
The Prime Minister, Narendra Modi has lauded GST on its completion of 4 years and said it has been a milestone in the economic landscape of India. In a tweet, the Prime Minister said, “GST has been a milestone in
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