CGST

GST collections remain below Rs 1 lakh crore for first time in June

This Rs 1 lakh crore drop in GST collection came after 8 months of continuously posting the collection above Rs 1 lakh crore mark.

Jul 06, 2021, 15:55 PM IST

GST mop-up tops Rs 1.02 lakh crore in May, 65% higher compared to 2020

In addition, while the taxpayers with turnover above Rs 5 crore had to file their returns by June 4, which they would have otherwise filed by May 20, smaller taxpayers with turnover less than Rs 5 crore still have time till first week of July to file the returns without any late fee and interest, and the revenue from these taxpayers is deferred till then.

Jun 05, 2021, 18:38 PM IST

GST Council leaves tax rate on COVID-19 vaccines unchanged

The GST Council, which is headed by the Union Finance Minister and comprises representatives of all states and union territories, exempted levy of I-GST on import of Amphotericin-B, which is used for the treatment of black fungus. Currently, vaccines attract 5 percent GST.

May 28, 2021, 21:16 PM IST

GST revenue hits all-time high of Rs 1.41 lakh crore in April, goes more than Rs 1 lakh crore for 7th time

The gross GST revenue collected in the month of April 2021 is at a record high of Rs 1,41,384 crore, of which CGST is Rs 27,837 crore, SGST Rs 35,621 crore, IGST Rs 68,481 crore (including Rs 29,599 crore collected on import of goods) and cess Rs 9,445 crore (including Rs 981 crore collected on import of goods).

May 01, 2021, 15:34 PM IST

SC to hear plea seeking GST exemption on COVID-19 related drugs, medical equipment

The intervention application has been filed by an NGO, 'Public Policy Advocates', in the pending suo motu case by the apex court on the distribution of essential supplies and services during the pandemic.

Apr 30, 2021, 06:48 AM IST

One held in Delhi for input tax credit fraud of Rs 50.03 crore

The arrested person named Vishal started the GST fraud by the creation of a fictitious firm in his own name which he got registered at his residence. He was produced before the Duty Magistrate on Sunday who remanded him to judicial custody of 14 days till March 13. 

 

Feb 28, 2021, 13:33 PM IST

GST revenue collection at all-time high in January 2021, stands at Rs 1.19 lakh crore: Ministry of Finance

The Finance Ministry informed that the total number of GSTR-3B Returns filed for the month of December up to January 31 was recorded at 90 lakhs. The Finance Ministry said that the government has settled Rs 24,531 crore to CGST and Rs 19,371 crore to SGST from IGST as regular settlement. 

Feb 01, 2021, 00:07 AM IST

CGST Delhi arrests one for availing fake input tax credit of over Rs 82 crore

The accused was arrested under Section 69(1) of the CGST Act, 2017.

Jan 18, 2021, 16:15 PM IST

GST revenue collection for August stands at Rs 86,449 crore: Finance Ministry

The gross GST revenue collected in August 2019 stood at Rs 98,202 crore.

Sep 01, 2020, 20:44 PM IST

GST collections stand at Rs 87,422 crore in July 2020 as against Rs 1,02,082 crore in July 2019

The government has also settled Rs 23,320 crore to CGST and Rs 18,838 crore to SGST from IGST as regular settlement.

Aug 02, 2020, 00:20 AM IST

CBIC launches e-Office application in CGST, customs offices across India

The e-Office application is developed by the NIC and is supported by the Department of Administrative Reforms and Public Grievances (DARPG).

Jun 15, 2020, 17:46 PM IST

GST collection up 8% year-on-year to Rs 1.10 lakh crore in January, signals recovery

The higher number is good news for the government which is facing serious revenue shortfall. The higher collection in the month of January is, however, on expected lines given the past trends.

Feb 01, 2020, 10:04 AM IST

GST revenue collections rise to Rs 1.02 lakh crore in July

The total number of GSTR 3B Returns filed for the month of June up to 31st July, 2019 is 75.79 lakh.

Aug 02, 2019, 12:59 PM IST

GST Revenue collection for September crosses Rs 94,000 crore

The total revenue earned by central government after settlement in September is Rs 30,574 crore for CGST.

Oct 01, 2018, 13:18 PM IST

India's GST collection in May 2018 croses Rs 94000 Crores

India collected a Rs 94,016 crore in the form of goods and services tax (GST) in May 2018, up from the average collection of nearly Rs 90,000 crore per month in financial year of 2017-18. 

Jun 01, 2018, 14:14 PM IST

GST collections dip for second month in November to Rs 80,808 crore

Of the Rs 80,808 crore collected in November, Rs 7,798 crore has been garnered as compensation cess in November -- the fifth month of GST rollout.

Dec 26, 2017, 18:59 PM IST

GST mop-up, compliance unlikely to improve near-term: Report

There are around 9.6 million registered taxpayers under GST, including around 1.5 million of composition dealers, who are required to file taxes quarterly.

Nov 28, 2017, 16:52 PM IST

Merchant exporters send SOS to Finance Ministry, seeks timely refunds

Before the GST rollout, exporters had exemptions from Central and state taxes and now they want the same exemption continued against the electronic bond under the GST.

Sep 28, 2017, 18:20 PM IST

Industry, exporters bring up GST concerns at meet with FM Jaitley

The industry representatives also brought up compliance matters on which the finance minister invited suggestions to improve the GST implementation.

Sep 28, 2017, 15:13 PM IST

Tax collections under GST for July exceeds Rs 91,000 crore target: FM Jaitley

A total of Rs 92,283 crore tax has come in from first filing under GST, Finance Minister Arun Jaitley said on Tuesday.

Aug 29, 2017, 19:24 PM IST