Latest News on Sgst
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Sgst - Total results - 25
Jul 02, 2018
GST collections rise to Rs 95,610 crore in June, says finance secretary Hasmukh AdhiaOf 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
Jun 27, 2018
Abolish IGST to make tax system effective, says Delhi Deputy Chief Minister Manish SisodiaDelhi Deputy Chief Minister Manish Sisodia on Wednesday demanded abolishing Integrated GST, saying Rs 1.81 lakh crore has accumulated in the IGST fund but the money is lying idle and is causing economic loss
Jun 14, 2018
One year of GST: Integration of unorganised sector is major achievement; govt must ensure transmission of lower taxes to consumersOn inflation, so far there is little evidence to suggest that there has been an upward tendency as food has been kept out of GST, which is a large part of the CPI basket.
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
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.
Sep 27, 2017
August GST mop-up Rs 90,669 cr; July transitional claims Rs 12,000 cr, not Rs 65,000 cr, says govtAs per the tax sharing formula, the Centre will compensate states for any revenue loss calculated on a base year of 2015-16 and assumed revenue growth of 14 percent.
Jul 17, 2017
Businesses can upload sale, purchase invoices on GSTN portal from 24 JulyGenerating invoices for dealings above Rs 200 and keeping invoice records in serial number even if maintained manually, are pre-requisites for claiming input tax credit under the GST regime.