Sgst

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Sgst - Total results - 40
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

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

Thappad: Taapsee Pannu's upcoming film gets three-month tax exemption in Madhya Pradesh
Entertainment

Thappad: Taapsee Pannu's upcoming film gets three-month tax exemption in Madhya Pradesh

After Deepika Padukone's Chhapaak, Taapsee Pannu's Thappad was made tax-free in Madhya Pradesh.

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 compensation of 9 states may double to Rs 70,000 cr in FY'20; SGST collections likely to fall this fiscal: ICRA
Business

GST compensation of 9 states may double to Rs 70,000 cr in FY'20; SGST collections likely to fall this fiscal: ICRA

Subdued economic growth and reductions in GST rates have resulted in a muted 3.7 percent rise in the headline GST collections in April-November 2019.

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

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).

Govt clears Rs 91,149 cr GST refunds to exporters so far; Rs 6,053 cr still pending: Finance ministry
Business

Govt clears Rs 91,149 cr GST refunds to exporters so far; Rs 6,053 cr still pending: Finance ministry

"Total GST refunds to the tune of Rs 91,149 crore have been disposed by CBIC and state authorities out of the total refund claims of Rs 97,202 crore received so far. Thus, the disposal rate of 93.77 percent has been achieved," the finance ministry said.

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

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

Abolish IGST to make tax system effective, says Delhi Deputy Chief Minister Manish Sisodia
Business

Abolish IGST to make tax system effective, says Delhi Deputy Chief Minister Manish Sisodia

Delhi 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

One year of GST: Integration of unorganised sector is major achievement; govt must ensure transmission of lower taxes to consumers
Business

One year of GST: Integration of unorganised sector is major achievement; govt must ensure transmission of lower taxes to consumers

On 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.

GST Council approves making GST-Network a government entity; simplifies return filing process
Business

GST Council approves making GST-Network a government entity; simplifies return filing process

Since its implementation on 1 July 2017, the GST Council has made some 376 changes by amending rules.