close

News WrapGet Handpicked Stories from our editors directly to your mailbox

GST

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

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

CAIT for lowering GST rates on auto parts, aluminium utensils

Confederation of All India Traders (CAIT) also suggested reviewing items placed under different tax slabs under GST as many of the products are overlapping.

Jun 13, 2019, 17:23 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

IOC, HPCL to contest over Rs 4,000-cr tax demand on sale of ethanol blended petrol

The Director-General of GST in Pune has slapped IOC, the country's biggest oil firm, with a tax demand of Rs 4,002 crore for alleged non-payment of excise duty on ethanol mixed in petrol. HPCL has been asked to pay over Rs 346 crore.

Jun 07, 2019, 11:06 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