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With new government, hopes of early inclusion of gas, ATF into GST fold brightens

With new government, hopes of early inclusion of gas, ATF into GST fold brightens

🕔08:10, 28.May 2019

New Delhi, May 27 (IANS) At least two out of five petroleum products, including the aviation turbine fuel or ATF and natural gas, are likely to be among the first set of petro products to be included in the GST ahead

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Indian economy to grow at 7% range in FY20: CEA

Indian economy to grow at 7% range in FY20: CEA

🕔09:54, 14.May 2019

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

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CARE Ratings pegs GST collection at Rs 12.60-13.40 lakh cr in FY20

CARE Ratings pegs GST collection at Rs 12.60-13.40 lakh cr in FY20

🕔18:38, 5.May 2019

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

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GST collection soars in April to Rs 1,13,865 crore

GST collection soars in April to Rs 1,13,865 crore

🕔16:17, 1.May 2019

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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March GST revenue highest at Rs 1.06 lakh cr

March GST revenue highest at Rs 1.06 lakh cr

🕔17:10, 1.Apr 2019

New Delhi, April 1 The Goods and Services Tax (GST) collection for March rose 15 per cent year-on-year to Rs 1.06 lakh crore. The collection of Rs 1,06,577 crore for March though was the highest-ever monthly collection since the introduction

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GST collections for January expected at Rs 103,000 cr

GST collections for January expected at Rs 103,000 cr

🕔12:48, 1.Feb 2019

New Delhi, Feb 1 The Goods and Services Tax (GST) collections for January have crossed the Rs 1 lakh crore mark and is expected to be Rs 103,000 crore, acting Finance Minister Piyush Goyal said on Friday. Presenting the Interim Budget

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Mass consumption items cheaper from the New Year with GST cut

Mass consumption items cheaper from the New Year with GST cut

🕔06:46, 2.Jan 2019

New Delhi, Jan 2  Items of mass consumption items got cheaper from the New Year on Tuesday after the government notified the reducted GST rates decided by the GST Council at its meeting here late last month. At its 31st

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Karnataka CM seeks extension of GST compensation till 2025

Karnataka CM seeks extension of GST compensation till 2025

🕔21:42, 27.Dec 2018

New Delhi/Bengaluru, Dec 27 (IANS) Karnataka wants the Central government to extend compensation of the Goods and Services Tax (GST) to the state till 2025 from 2022 as stipulated, said Chief Minister H.D. Kumaraswamy on Thursday. “Kumaraswamy asked Union Finance Minister

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GoM to look into anomaly in GST collection in states : Jaitley

GoM to look into anomaly in GST collection in states : Jaitley

🕔21:47, 22.Dec 2018

New Delhi, Dec 22 (IANS) The Goods and Services Tax (GST) Council on Saturday decided to form a seven-member Group of Ministers (GoM) to study anomalies in tax collection in some of the states which showed wide deviation from what was

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GST evasion of Rs 12,766 cr detected in April-November

GST evasion of Rs 12,766 cr detected in April-November

🕔11:40, 19.Dec 2018

New Delhi, Dec 19  A total of 3,196 cases of Goods and Services Tax (GST) evasion amounting to Rs 12,766 crore have come to light in the first eight months of the current financial year, the Ministry of Finance said on

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Direct tax collections at Rs 6.75 lakh cr till November

Direct tax collections at Rs 6.75 lakh cr till November

🕔13:21, 10.Dec 2018

New Delhi, Dec 10  Showing an increase of 15.7 per cent over the last year, the gross direct tax collections till November stood at Rs 6.75 lakh crore, according to provisional figures released on Monday. This was despite a 50

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GST likely to have 3-rate structure in future : Bibek Debroy

GST likely to have 3-rate structure in future : Bibek Debroy

🕔18:11, 27.Oct 2018

New Delhi, Oct 26 (IANS) The current four-slab GST rate structure is likely to be reduced to three as the process of rationalising India’s new indirect tax regime proceeds further, the Prime Minister’s Economic Advisory Council (PMEAC) Chairman Bibek Debroy said

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IndiGo to add Male, Phuket in its network from November

IndiGo to add Male, Phuket in its network from November

🕔15:05, 7.Oct 2018

Fuel under GST to affect states’ New Delhi, Oct 6 (IANS) Opposing the idea of bringing fuel products under the Goods and Services Tax (GST), three Chief Ministers from different political parties on Saturday said it would have a negative impact

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GST collection crosses Rs 94,000 cr in September

GST collection crosses Rs 94,000 cr in September

🕔14:29, 1.Oct 2018

New Delhi, Oct 1 Despite reduced tax rates on several items, revenue collection under the Goods and Services Tax (GST) stood at Rs 94,442 crore in September after sliding to Rs 93,960 crore in August. “The revenue collected in September

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22.5 crore e-way bills generated since rollout: GSTN

22.5 crore e-way bills generated since rollout: GSTN

🕔07:04, 15.Sep 2018

New Delhi, Sep 15  Around 22.5 crore e-way bills have been generated across India till September 13 since the new electronic billing system was introduced on April 1, the Goods and Services Tax Network (GSTN) said on Friday. It added

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Flood relief material from abroad exempted from customs duty, GST: Goyal

Flood relief material from abroad exempted from customs duty, GST: Goyal

🕔08:30, 22.Aug 2018

New Delhi, Aug 22  Finance, Coal and Railway Minister Piyush Goyal on Tuesday said the relief material coming from foreign countries for distribution in flood-ravaged Kerala have been exempted from the customs duty and the Goods and Services Tax (GST).

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Cashback incentive to promote digital payment

Cashback incentive to promote digital payment

🕔20:49, 4.Aug 2018

New Delhi, Aug 4  The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give 20 per cent cashback of the GST paid to incentivise digital payment in the country. “Under

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Mistakes to avoid while filing IT return before July 31 (Finance Tips) (July 24 is National Income Tax Day)

Mistakes to avoid while filing IT return before July 31 (Finance Tips) (July 24 is National Income Tax Day)

🕔12:14, 24.Jul 2018

In 2010, the Indian government declared July 24 the National Income Tax Day. This is just six days before July 31, which is the last date for filing an income tax return (ITR) which is mandatory for anybody earning over

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GST best example of cooperative federalism in world: Goyal

GST best example of cooperative federalism in world: Goyal

🕔10:21, 10.Jul 2018

Kolkata, July 10  Union Finance Minister Piyush Goyal on Monday termed the Goods and Services Tax (GST) as the best example of cooperative and collaborative federalism in the world and claimed that the successful implementation of the new tax regime

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Industry satisfied with GST implementation: CII survey

Industry satisfied with GST implementation: CII survey

🕔09:43, 2.Jul 2018

New Delhi, July 2  Indian industry considers the Goods and Services Tax (GST)a step in the right direction and a majority are satisfied with its overall implementation, the Confederation of Indian Industry (CII) said on Sunday citing its own survey.

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