Integrated Gst

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Integrated Gst - Total results - 14
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 receipts slip below Rs 1 lakh cr-mark in June in signs of sluggish momentum in tax collections
Business

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.

GST revenue in FY19 to grow at 14-16%; speculative collection target of Rs 7.4 lakh cr is 67% higher than RE: SBI
Business

GST revenue in FY19 to grow at 14-16%; speculative collection target of Rs 7.4 lakh cr is 67% higher than RE: SBI

GST receipts during the current fiscal will only be for 9 months as the new indirect tax regime was implemented from July.

GST on 29 items, 54 services cut; experts say govt must ensure e-way bill process is bug-free
Business

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 collection falls in Oct: Volatility may continue; too early to call the big-bang reform a hit or miss
Business

GST collection falls in Oct: Volatility may continue; too early to call the big-bang reform a hit or miss

Changing tax rates and creating new exemptions also slows the process of estimating the exact tax liabilities, and by extension, what prospective collection estimates should be.

GST Network utility portal goes live; merchant exporters can start claiming refunds from tonight
Business

GST Network utility portal goes live; merchant exporters can start claiming refunds from tonight

With the new utility RFD-1A, a merchant exporter can claim refund of GST paid at the time of buying goods which he has exported in the relevant month

GST mops up Rs 92,283 cr in July: Good start, but don’t uncork the bubbly yet
Business

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
Business

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
Business

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 collections: Govt gets Rs 42,000 cr so far in first monthly filing under new tax regime
Business

GST collections: Govt gets Rs 42,000 cr so far in first monthly filing under new tax regime

Rs 15,000 cr has come in as Integrated-GST and Rs 5,000 cr as cess on demerit goods like cars and tobacco

GST: Industry gets 90 days to claim tax credit for transition stock after rollout from 1 July
Business

GST: Industry gets 90 days to claim tax credit for transition stock after rollout from 1 July

The GST Council also decided to amend the transition rules allowing traders and retailers to make claim of 60 percent against the CGST or SGST dues where the tax rate exceeds 18 percent.

GST passed in Lok Sabha highlights: India to see new tax regime soon as House clears all four bills
Business

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%
Business

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
Business

'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.