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GST may be flawed but can't be damned now: FM Nirmala Sitharaman

Finance Minister said even though people are facing the problems due to the GST framework but they need to own it up.

Oct 11, 2019, 21:14 PM IST

Gross GST revenue in September totals Rs 91,916 crore

Gross revenue on account of Goods and Services Tax (GST) totalled Rs 91,916 crore in September, 2.67 per cent lower in the year-ago period, the government said on Tuesday. Of this amount, the Central was Rs 16,630 crore, State GST Rs 22,598 crore and Integrated GST Rs 45,069 crore (including Rs 22,097 crore collected on imports) and cess Rs 7,620 crore.

Oct 01, 2019, 19:18 PM IST

GST Council to hold crucial meeting on Friday; auto sector unlikely to get any respite

Auto sector has demanded that the GST should be brought down to 18 percent from 28 percent to reverse the consumption slowdown.

Sep 19, 2019, 18:20 PM IST

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

India needs single corporate tax rate of 25%: KPMG

The report titled "India: Redefining its growth path" observed that the Minimum Alternate Tax (MAT) should be withdrawn and Dividend Distribution Tax (DDT) should be replaced by the witholding tax.

Aug 26, 2019, 15:02 PM IST

Slowdown slayer: PSBs to suggest steps to boost economy

At present, a culmination of factors such as high GST rates, natural calamities, subdued farm produce prices, stagnant income levels and low job generation have led to the slowdown.

Aug 21, 2019, 11:56 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

Major tax boost for electric vehicles, GST rates slashed to 5 %

The twin rate cuts are set to further boost electric vehicle sector. 

Jul 27, 2019, 14:37 PM IST

No tax invoice required for goods taken out of India for exhibitions, clarifies CBIC

The clarification comes amidst problems faced by exporters due to the the lack of clarity on the procedure to be followed under GST at the time of taking these goods out of India and at the time of their subsequent sale or return to India.

Jul 22, 2019, 16:23 PM IST

Charging Rs 2 GST on curd costs restaurant Rs 15,000 as fine in Tamil Nadu

The customer, who won the case, had bought curd worth Rs 40 from the restaurant.

Jul 18, 2019, 15:23 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

Petrol, diesel could be included in GST soon: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has hinted that petrol and diesel could soon brought under the ambit of GST.

Jun 25, 2019, 16:38 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 extends anti-profiteering authority's tenure, sends rate cut on EVs to fitment panel

The date for the filing of annual Goods and Services Tax (GST) returns for 2017-18 fiscal extended by two months till August 30, 2019. 

Jun 21, 2019, 23:28 PM IST

Deshhit: Know top 20 Deshhit stories of the day

Know the top 20 Deshhit stories of the day. To know more watch the video

Jun 21, 2019, 20:20 PM IST

All genuine exporters will get their IGST refunds in timely manner, clarifies CBIC

CBIC has recently instructed its Customs and GST formations to verify the correct availment of input tax credit (ITC) by few exporters who are perceived as “risky” on the basis of pre-defined risk parameters.

Jun 20, 2019, 12:41 PM IST