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Latest News on Igst
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Igst - Total results - 54
Oct 01, 2019
GST collections dip to 19-month low of Rs 91,916 cr in September; 75.94 lakh returns filed: Finance ministryThe 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
Jun 28, 2019
Union Budget 2019: Customs duty, a major source of govt revenue; helps keep imports under check, protect domestic industriesCustoms duty in India comes under the Customs Act 1962 and Customs Tariff Act of 1975.
Jun 21, 2019
Union Budget 2019: Indirect taxes imposed by govt to generate revenue; levied equally upon all taxpayersIndirect taxes can be defined as taxation on an individual or entity, which is ultimately paid for by another person.
Jun 18, 2019
Bogus IGST refund claims: Govt to verify exporters' claims before sanctioning; standard operating method to be devisedThe CBIC said it has observed instances of availment of IGST refund using fraudulent input tax credit (ITC) claims by some exporters.
May 13, 2019
Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutinySince the GST Network (GSTN) systems are integrated with Customs, hence, refunds are generally transferred to the bank accounts of such exporters within a fortnight.
May 01, 2019
GST collection scales record high of Rs 1.13 lakh crore in April, says finance ministryThe 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
Apr 01, 2019
GST officers prodding businesses to deposit taxes by 31 March to meet fiscal target; govt likely to release data by 10 AprilThe government had lowered the GST collection target for 2018-19 fiscal to Rs 11.47 lakh crore in the revised estimates, from Rs 13.71 lakh crore budgeted initially.
Mar 18, 2019
CAIT urges govt to probe Chinese goods imported via hawala route, says it is resulting in revenue loss to exchequerCAIT, in a statement, also claimed that "such hawala money might be transferred to Pakistan for conducting terrorist activities".
Feb 04, 2019
GST collections jump 14% to Rs 1.02 lakh cr in January; revenue figures cross milestone figure thrice this fiscalThe 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.
Jan 02, 2019
GST collection drops to Rs 94,726 cr in December; compliance improves as sales returns rise to 72.44 lakhArray