Latest News on Cgst
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Cgst - Total results - 40
Jun 04, 2018
Free banking services out of GST net, says revenue department; mutual fund exit load to attract levyLast month, the Department of Financial Services had approached the revenue department seeking exemption of these transactions from GST after the banks received service tax notice for free services offered to their clients.
May 04, 2018
GST Council approves making GST-Network a government entity; simplifies return filing processSince its implementation on 1 July 2017, the GST Council has made some 376 changes by amending rules.
Apr 27, 2018
GST mop-up at Rs 7.41 lakh crore in July-March period; average monthly collection at Rs 89,885 croreThe government rolled out the GST regime from 1 July last year
Mar 16, 2018
World Bank says India's Goods and Services Tax regime among the most complex globallyWorld Bank said India has the highest standard GST rate in Asia, and second highest in the world after Chile
Feb 27, 2018
GST collection dips marginally in January to Rs 86,318 cr; 1.03 cr taxpayers registered till 25 FebruaryThe finance ministry said that 1.03 crore taxpayers have been registered under GST till 25 February, of which 17.65 lakh are composition dealers who are required to file returns every quarter
Jan 31, 2018
Budget 2018: Government may peg fiscal deficit above 3.2% of GDP for FY2018-19Budget 2018 is likely to focus on enhancement of spending rather than a reduction of direct taxes, and therefore, the chances of achieving the fiscal target of 3.2 percent for FY 2017-18 and 3.0 percent for FY 2018-19 appears low
Jan 29, 2018
50% increase in indirect taxpayer base post GST: Economic Survey 2017-18The Goods and Services Tax (GST) implementation has increased indirect taxpayer base by more than 50 percent with 34 lakh businesses coming into the tax net, the Economic Survey said on Monday.
Jan 10, 2018
GST impact: Transport sector saw largest drop in tax rate at 23.2%, agriculture lowest at 0.09%The goods and services tax (GST), rolled out on 1 July, 2017, cut marginal tax rates.
Dec 10, 2017
Gujarat Election: Intelligence body seizes demonetised notes worth Rs 50 crore on first phase polling dayDirectorate of Revenue Intelligence has recovered nearly Rs 50 crore in the banned currency of Rs 500 and Rs 1,000 denomination in Gujarat on election day, the Union Finance Ministry said
Oct 30, 2017
GST: Businesses under composition scheme to soon start filing returns; network to have facility shortlyAs per the GST laws, for July-September quarter businesses, with turnover of up to Rs 75 lakh, opting for composition scheme can file quarterly returns and pay taxes.