Cgst

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Cgst - Total results - 53
GST authorities arrest 215 persons in fake invoice cases, recover Rs 700 crore over two months
India

GST authorities arrest 215 persons in fake invoice cases, recover Rs 700 crore over two months

Those arrested include managing directors, proprietors and partners of business and trade entities either involved in availing or utilising the ineligible input tax credit fraudulently

Sonia Gandhi convenes meeting with CMs of Congress-ruled states today; NEET, JEE exams issue, GST to be discussed
India

Sonia Gandhi convenes meeting with CMs of Congress-ruled states today; NEET, JEE exams issue, GST to be discussed

The Supreme Court had last week dismissed a plea seeking postponement of the two exams amid spurt in the number of COVID-19 cases

GST mop-up slips below Rs 1 lakh cr-mark first time in four months, March collection at Rs 97,597 cr
Business

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 collection crosses Rs 1 lakh cr-mark in February; gross revenue up 8% at Rs 1.05 lakh cr
Business

GST collection crosses Rs 1 lakh cr-mark in February; gross revenue up 8% at Rs 1.05 lakh cr

GST revenues during February from domestic transactions have shown a growth of 12 percent over the same month last year

GST collection crosses Rs 1 lakh cr mark for third month in a row in January; in line with set target
Business

GST collection crosses Rs 1 lakh cr mark for third month in a row in January; in line with set target

The GST collection is in line with the target set by Revenue Secretary Ajay Bhushan Pandey after a high-level meeting with senior tax officials earlier this month.

GST revenue collection rises above Rs 1 lakh cr-mark for second month in row in December
Business

GST revenue collection rises above Rs 1 lakh cr-mark for second month in row in December

GST revenue collection remained above the Rs 1 lakh crore mark for the second month in a row with December mop-up rising to Rs 1.03 lakh crore as compared to the year-ago period

GST Council meeting on 18 December: Tax rates may go up for various items to compensate revenue shortfall
Business

GST Council meeting on 18 December: Tax rates may go up for various items to compensate revenue shortfall

With pressure on revenue collection, the Goods and Services Tax (GST) rates and slabs may be raised during the GST Council meeting next week

GST revenue collection crosses Rs 1 lakh cr after a gap of 3 months in November; up 6%
Business

GST revenue collection crosses Rs 1 lakh cr after a gap of 3 months in November; up 6%

After two months of negative growth, the GST revenue witnessed an impressive recovery with a growth of 6 percent in November 2019 over the November 2018 collections

GST collections dip to 19-month low of Rs 91,916 cr in September; 75.94 lakh returns filed: Finance ministry
Business

GST collections dip to 19-month low of Rs 91,916 cr in September; 75.94 lakh returns filed: Finance ministry

The Goods and Services Tax (GST) collection in September declined to Rs 91,916 crore, as against Rs 98,202 crore in the preceding month, as per government data released on Tuesday

National Anti-Profiteering Authority's extension reveals neta-babu tribe is not going to give up its chance to meddle with pricing
Business

National Anti-Profiteering Authority's extension reveals neta-babu tribe is not going to give up its chance to meddle with pricing

The extension, without a freeze on new complaints, has also shown that the Jaitley-Adhia assurances that the NAA will be a benign, purely deterrent mechanism were also hollow.

Union Budget 2019: Indirect taxes imposed by govt to generate revenue; levied equally upon all taxpayers
Business

Union Budget 2019: Indirect taxes imposed by govt to generate revenue; levied equally upon all taxpayers

Indirect taxes can be defined as taxation on an individual or entity, which is ultimately paid for by another person.

GST mop-up crosses Rs 1 lakh cr for three straight months in May; lower than record collection of Rs 1.13 lakh cr in April
Business

GST mop-up crosses Rs 1 lakh cr for three straight months in May; lower than record collection of Rs 1.13 lakh cr in April

This is the third consecutive month in which GST collections have crossed Rs 1 lakh crore mark

GST collection scales record high of Rs 1.13 lakh crore in April, says finance ministry
Business

GST collection scales record high of Rs 1.13 lakh crore in April, says finance ministry

The total number of summary sales return GSTR-3B filed for the month of March up to April 30 stood at 72.13 lakh. April is the first month of 2019-20 fiscal

GST collection drops to Rs 97,247 cr in February; 73.48 lakh sales returns filed: Finance ministry
Business

GST collection drops to Rs 97,247 cr in February; 73.48 lakh sales returns filed: Finance ministry

GST collections dropped to Rs 97,247 crore in February from Rs 1.02 lakh crore in the previous month, the Finance Ministry said on Friday

GST collections jump 14% to Rs 1.02 lakh cr in January; revenue figures cross milestone figure thrice this fiscal
Business

GST collections jump 14% to Rs 1.02 lakh cr in January; revenue figures cross milestone figure thrice this fiscal

The total revenue earned by the central government and state governments after regular settlement in December 2018 is Rs 36,107 crore for CGST and Rs 39,503 crore for SGST.

Govt waives late fees for GST returns during July 2017-Sept 2018, but biz will have to pay for 15-month period by March 2019
Business

Govt waives late fees for GST returns during July 2017-Sept 2018, but biz will have to pay for 15-month period by March 2019

The fee for late filing of the returns is Rs 25 per day for Central GST (CGST) and an equal amount under State GST (SGST).

GST mop-up rises to Rs 94,442 cr in September, 67 lakh returns filed, says finance ministry
Business

GST mop-up rises to Rs 94,442 cr in September, 67 lakh returns filed, says finance ministry

Of the Rs 94,442 crore collected last month, Central GST (CGST) mop-up is Rs 15,318 crore, State GST (SGST) is Rs 21,061 crore, Integrated GST is Rs 50,070 crore (including Rs 25,308 crore collected on imports) and cess is Rs 7,993 crore (including Rs 769 crore collected on imports), the finance ministry said

Centre, states apportion Rs 12, 000 cr Integrated GST in August, says government official
Business

Centre, states apportion Rs 12, 000 cr Integrated GST in August, says government official

This is the third time that the IGST funds have been divided between the Centre and states.

GST collections rise to Rs 95,610 crore in June, says finance secretary Hasmukh Adhia
Business

GST collections rise to Rs 95,610 crore in June, says finance secretary Hasmukh Adhia

Of the total Rs 95,610 crore gross revenue collected in June, Rs 15,968 crore is on account of CGST, Rs 22,021 crore SGST, Rs 49,498 crore (including Rs. 24,493 crore collected on imports) on account of Integrated Goods and Services Tax (IGST) and Rs 8,122 crore from cess