Central Gst
Central Gst News
GST mop-up slips below Rs 1 lakh cr-mark first time in four months, March collection at Rs 97,597 cr
GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as COVID-19 lockdown that shut most businesses compounded tax collections in an already sluggish economy
GST collections rise marginally to Rs 1.02 lakh crore in July, cess collection stands at Rs 8,551 crore
Revenue collection from the GST had slipped below the Rs 1 lakh crore mark for the first time in the current fiscal in June at Rs 99,939 crore
GST receipts slip below Rs 1 lakh cr-mark in June in signs of sluggish momentum in tax collections
While the GST collections in June were lower than Rs 1,00,289 crore in May, they were higher than Rs 95,610 crore receipts in the same month of the previous year.
Manpasand Beverages GST fraud case: Chirag Doshi resigns as director; shares plunge 42% in three days
Shares of Manpasand Beverages continued to fall on Wednesday, plunging over 42 percent in three days.
Investors continue to desert Manpasand Beverages; shares plunge over 42% in three days
The new circuit limit for Manpasand Beverages is 10 per cent and would be effective from May 29, the exchange had said
Budget 2019: Arun Jaitley’s calculations have gone awry because of a huge shortfall in GST collections
At the current rate, the gap in the actual central GST earned and the central GST that the government hoped that it would earn, will be close to Rs 1,50,000 crore.
Govt extends deadline for filing TDS returns for October-December to 31 January, 2019
The TDS provisions under the goods and services tax (GST) were brought into effect from 1 October, 2018
MNCs play truant, cite vague reasons for not passing on GST rate cut benefit to consumers
According to anti-profiteering rules, the authority will suggest to MNCs a return of the undue profit earned from not passing on the GST rate cut benefit to consumers along with an 18 percent interest as also impose a penalty.
GST collection falls for second straight month to Rs 85,174 crore in February; only 69% file returns
GST collections slid for the second straight month to Rs 85,174 crore in February as only 69 percent of the assessees filed returns
GST on 29 items, 54 services cut; experts say govt must ensure e-way bill process is bug-free
It was highly expected that GST Council would decide the fate of petroleum products under GST to remove cascading effect but unfortunately no decision has been taken yet.
GST mops up Rs 92,283 cr in July: Good start, but don’t uncork the bubbly yet
As far as the GST collection figure is concerned, it will take a few more months before one gets a clearer pattern.
GST collections hit Rs 92,283 cr in July, likely to go up further: FM Arun Jaitley
Of the tax collected, Jaitley said, Rs 14,894 crore have come in as Central GST, Rs 22,722 crore as State GST and Rs 47,469 crore as Integrated GST, which is levied on inter-state movement of goods and imports
20 lakh businesses pay GST so far, more to follow: GSTN Chairman
The government had on 19 August extended the due date for filing of GST returns and payment of taxes to 25 August from 20 August earlier after businesses complained of snag in the GST portal.
GST Council okays anti-profiteering rules; businesses not passing benefits to face penalty
Where the consumer cannot be identified, the amount would be credited to the consumer welfare fund
E-commerce definition too wide in GST dispensation as it may cover commodity exchanges: Assocham
Assocham says e-commerce definition could go well beyond Amazon or Flipkart marketplace platforms and may even cover the commodity exchanges
GST Bills passed in Lok Sabha: Will the implementation now be another Indian ‘jugaad’?
The challenge really begins now and getting the system moving from July is fairly audacious as these ends appear not to have been tied
GST passed in Lok Sabha highlights: India to see new tax regime soon as House clears all four bills
Arun Jaitley responds to Opposition in the marathon debate on Goods and Services Tax bill that started in Lok Sabha on Tuesday at 12 noon
Council clears State, Union Territory GST laws; cap sin goods cess at 15%
Jaitley also said that the cess on sin (tobacco products) and luxury goods has been capped at 15 percent by the Council.
'Reasonably possible' to meet 1 April GST deadline as no political bickering among states now: Arun Jaitley
The GST Council has the mandate to look into issues of dual control and threshold rates with the states demanding that they be given the legal and administrative powers for imposing tax on entities with turnover of up to Rs 1.5 crore.
GST implementation: What exactly does the formation of GST Council mean
The first meeting of the GST Council will be held on September 22-23 in the national capital.