close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Goods and Services Tax

GST panel unlikely to favour tax rate cut for auto sector

A government study, attached to the agenda of a Sept. 20 GST panel meeting, has said the total annual revenue loss could be as much as 500 billion rupees ($6.95 billion), if the panel decided to lower tax rates for the auto sector to 18% from 28%.

Sep 18, 2019, 10:35 AM IST

Centre may raise auto sector's plea at GST Council

The industry has demanded that the GST should be brought down to 18 per cent to reverse the consumption slowdown.

Sep 06, 2019, 18:13 PM IST

GST revenue collection at Rs 98,202 crore in August

The total number of GSTR 3B Returns filed for the month of Julyup to 31st August, 2019 is 75.80 lakh.

Sep 02, 2019, 12:41 PM IST

Govt extends last date to file GST annual returns till November 30

Earlier, GST taxpayers were supposed to file required returns by August 31.

Aug 27, 2019, 12:03 PM 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

Hawai chappal, Mercedes can't have same GST, rationalisation of slabs needed: Jaitley

The GST was implemented through a gala ceremony held in the central hall of Parliament at the midnight of June 30, 2017 and came into effect from July 1, 2017.

Jul 01, 2019, 17:30 PM IST

GST revenue collection at Rs 99,939 crore in June

The total number of GSTR 3B Returns filed for the month of May up to 30th June, 2019 is 74.38 lakh.

Jul 01, 2019, 17:03 PM IST

GST Council has to decide on levy of GST on petroleum products: Pradhan

The prices of petroleum products in the country are benchmarked to international product prices.

Jun 26, 2019, 16:23 PM IST

Govt to integrate FASTag machanism for e-way bills to check GST evasion

The Government is contemplating integration of E-Way Bill mechanism of GST with FASTag System of National Highway Authority of India.

Jun 25, 2019, 13:08 PM IST

GST Council meeting: No decision on reducing tax slab on electric vehicles, say sources

The GST Council was expected to consider slashing rate on electric vehicles to 5 percent, from 12 percent currently.

Jun 21, 2019, 17:40 PM IST

First GST council meet under Modi 2.0 today: Reduction in tax slab and other key expectations

This will be the first GST Council meeting after Modi 2.0 took charge last month and will be held just two weeks before the presentation of Union Budget 2019.

Jun 21, 2019, 09:33 AM IST

First GST council meet under Modi 2.0 on Friday: Auto, Cement sector expect reduction in tax slab

This will be the first GST Council meeting after Modi 2.0 took charge last month and will be held just two weeks before the presentation of Union Budget 2019.

Jun 20, 2019, 16:27 PM IST

Tax body seeks extension of GST return filing by four months

Unlike other tax returns, there is no option to revise monthly or quarterly returns under GST which is the main cause of the entire prevailing situation.

Jun 20, 2019, 10:41 AM IST

First GST council meet on June 21 after Modi 2.0 takes charge, to decide on crucial matters of taxation

Among several discussions that is going to be on the GST Council agenda, discussion on proposal to levy 18 percent GST on extra-neutral alcohol (ENA), used for manufacturing alcoholic liquor for human consumption, will be an important one.

Jun 18, 2019, 12:39 PM IST

Government to roll out new GST return system to facilitate taxpayers

From October, 2019 onwards, FORM GST ANX-1 shall be made compulsory and FORM GSTR-1 would be replaced by FORM GST ANX-1.

Jun 12, 2019, 10:38 AM IST

First GST council meet on June 20 after Modi 2.0 takes charge, may reduce items under 28% slab

Finance Minister Nirmala Sitharaman will chair the meeting of the GST Council on June 20 which among other things will consider reducing number of items under 28 percent tax slab, which is the highest in the GST tax bracket.

Jun 11, 2019, 11:18 AM IST

No change in annual GST return filing deadline, last date to continue as June 30

Government has made the clarification as the trade and industry have raised certain queries with respect to filing of this Annual return.

Jun 04, 2019, 15:01 PM IST

GST revenue collection crosses Rs 1 lakh crore in May

The revenue in May, 2019 is 2.21% higher than the monthly average of GST revenue in FY 2018-19 (Rs 98,114 crore).

Jun 03, 2019, 17:09 PM IST

SC agrees to examine power of tax authorities to arrest individual for GST evasion

A vacation bench comprising Chief Justice Ranjan Gogoi and Justice Aniruddha Bose issued notice to the Centre and sought its reply on a batch of pleas challenging the provision of arrest under the CGST Act.

May 29, 2019, 12:21 PM IST

India on way to re-elect government that launched GST

The latest trends show BJP and its alliance partners leading in 343 seats out of 542 Lok Sabha seats in contention this time.

May 23, 2019, 13:59 PM IST