GST Collection Rises 10% To Over Rs 1.62 Lakh Crore In September
The revenue in September 2023 was 10 percent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a statement.
Oct 02, 2023, 18:06 PM IST
Education To Become Costly? Now Students Have To Pay More Hostel/PG Fees
According to the administration, rent for residential properties would qualify for GST exemption.
Jul 29, 2023, 21:45 PM IST
GST Collections Rise 3% In June To Rs 1,61,497 Crore
The revenues for the month of June are 12 percent higher than the GST revenues in the same month last year.
Jul 01, 2023, 15:49 PM IST
Finance Ministry's Big update: Pay GST on Hotel, train booking cancellations -- Check details
As per the circular released by the Ministry of Finance on August 3, the cancellation of confirmed train tickets would now be more expensive since it would be subject to Goods and Services Tax (GST). Booking tickets is considered to be a "contract" under which the service provider agrees to offer services to the consumer.
Aug 29, 2022, 17:18 PM IST
GST on packaged food: Rice all set to cost more in Tamil Nadu
The decision of the government of India to levy 5 per cent Goods and Service Tax (GST) on packaged food may increase the price of rice from Rs 3 to Rs 5 per kilogram in Tamil Nadu from Monday.
Jul 17, 2022, 12:42 PM IST
Will GST on casino, online gaming, horse racing be hiked from 18% to 28%? Crucial GOM meet to decide today
The GOM, headed by Meghalaya Chief Minister Conrad Sangma, had recommended that online gaming should be taxed at full value of the consideration, including contest entry fee paid by the player on participating in the game.
Jul 12, 2022, 08:15 AM IST
GST Meet: GoM report on 28% tax on online gaming, casinos, horse racing deferred
The GOM, headed by Meghalaya Chief Minister Conrad Sangma, had recommended that online gaming should be taxed at full value of the consideration, including contest entry fee paid by the player on participating in the game.
Jun 29, 2022, 14:35 PM IST
28% GST likely on casinos, online gaming, horse races on gross revenue: Report
GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, according to a report.
Jun 26, 2022, 18:36 PM IST
GST Council may do away with 5% rate; move items to 3% & 8% slabs
GST is a four-tier structure of 5, 12, 18 and 28 per cent. Besides, gold and gold jewellery attract 3 per cent tax.
Apr 17, 2022, 14:28 PM IST
GST Fraud: Officers unearth fake invoicing racket involving Rs 38.5 crore tax evasion
Documents such as rubber stamps and letter heads of various firms, mobile phones, laptops etc have been seized from the search premises.
Feb 24, 2022, 17:56 PM IST
Blockchain tech to curb fake billing, GST evasion, 1st phase to be implemented soon
Blockchain is the same technology that is used to make cryptocurrency safe.
Feb 12, 2022, 10:31 AM IST
Government informs source of income in Budget
The central government informs about sources of income in union budget custom duty excise duty income tax corporate tax and many more
Jan 20, 2022, 22:58 PM IST
Businesses to get reasonable time to explain reasons for mismatch in GSTR-1, 3B
Tax officers will give reasonable time to erring business to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax payment form 3B before initiating recovery action for short payment or non-payment of taxes.
Jan 09, 2022, 13:54 PM IST
GST collection at Rs 1.29 lakh crore in December 2021
GST revenues in December 2021 grew 13 per cent to over Rs 1.29 lakh crore.
Jan 01, 2022, 16:44 PM IST
Swiggy, Zomato to collect 5% GST from today; will your food order bills go up?
Swiggy and Zomato will have to collect and deposit tax at 5 per cent rate beginning Saturday (January 1).
Jan 01, 2022, 13:27 PM IST
Big relief for textile sector, GST Council defers hike in GST on textiles from 5% to 12%
The revision of rates in the textiles sector which was supposed to come into effect from January 1, 2022.
Dec 31, 2021, 13:23 PM IST
46th GST Council meet chaired by FM Nirmala Sitharaman on December 31: Key points that will be discussed today
GST, which subsumed indirect taxes like excise duty, service tax and VAT, was rolled out on July 1, 2017 and the compensation window ends on June 2022.
Dec 31, 2021, 09:16 AM IST
State governments demand extension of GST compensation for another 5 year
Many states have demanded that the GST compensation cess regime be extended for another five years.
Dec 30, 2021, 18:05 PM IST
46th GST Council meet on Dec 31: Members to discuss rate rationalisation, textile hike
The 46th GST Council meeting will be chaired by Finance Minister Nirmala Sitharaman on Friday, December 31, in Delhi.
Dec 29, 2021, 20:34 PM IST
GST changes implementing from Jan 1: Here’s all you need to know
The GST regime will witness a host of tax rate and procedural changes coming into effect from January 1.
Dec 26, 2021, 13:27 PM IST
