From Jan 1, GST officials can directly recover for mismatch in sales in GSTR-1, 3B
Come January 1, GST officers can directly initiate recovery action against errant businesses that show higher sales in monthly return GSTR-1 but under-report it while tax payment in GSTR-3B.
Dec 22, 2021, 22:31 PM IST
Quitting without serving notice period? You will now have to pay GST on salary in lieu of notice
According to the latest AAR ruling, employees are liable to pay GST on salary in lieu of notice.
Dec 01, 2021, 17:13 PM IST
GST Fraud: Officers unearth Rs 34 crore input tax credit fraud involving 7 firms
CGST officials have unearthed a fraud of utilization and passing on of inadmissible input tax credit (ITC) through bogus GST invoices without actual movement of goods of Rs 34 crore.
Nov 14, 2021, 17:48 PM IST
Centre releases Rs 1.59 lakh crore to states as compensation for GST shortfall
The Centre released the balance of Rs 44,000 crore to states as a loan to compensate for the GST shortfall on Thursday, October 28.
Oct 28, 2021, 19:47 PM IST
GST Fraud: Delhi CGST officials arrest mastermind of Rs 134 crore tax scam
CGST Commissionerate, Delhi East, carried out the detailed analysis and unearthed a network of fictitious exporters.
Oct 13, 2021, 15:16 PM IST
Ice cream sold by parlours get expensive as it comes under 18% GST slab
Ice creams sold by a parlour or such outlets will attract 18 per cent Goods and Services Tax (GST).
Oct 06, 2021, 22:24 PM IST
GST on Zomato, Swiggy orders: Home delivery of food to get expensive? Here’s all you need to know
The 45th GST Council on Friday, September 17, approved a proposal to direct food delivery platforms such as Zomato and Swiggy to collect and pay 5% GST on food orders directly to the exchequer.
Sep 18, 2021, 10:35 AM IST
Kya sasta, kya mehnga? Check list of goods and services whose GST rates have been updated
GST council chaired by Finance Minister Nirmala Sitharaman on Friday approved several proposals put forward by the Fitment Committee.
Sep 18, 2021, 09:44 AM IST
Zomato, Swiggy orders may attract GST soon: Here’s how food deliveries could burn a hole in your pocket
The GST Council is expected to decide whether food orders via app-based online food delivery services such as Zomato and Swiggy will attract additional taxes or not.
Sep 15, 2021, 14:59 PM IST
GST Council to meet on September 17, may review rate on COVID-19 essentials
The previous GST council meeting was held virtually via videoconferencing on June 12 2021.
Sep 01, 2021, 23:22 PM IST
Good news for businesses, taxpayers! Various GST relief measures announced, check here
For registered persons having aggregate turnover above Rs 5 crore, a 9% interest rate, instead of the usual 18%, will be levied “for the first 15 days from the due date of payment of tax.
May 02, 2021, 17:40 PM IST
GST revenue hits all-time high of Rs 1.41 lakh crore in April, goes more than Rs 1 lakh crore for 7th time
The gross GST revenue collected in the month of April 2021 is at a record high of Rs 1,41,384 crore, of which CGST is Rs 27,837 crore, SGST Rs 35,621 crore, IGST Rs 68,481 crore (including Rs 29,599 crore collected on import of goods) and cess Rs 9,445 crore (including Rs 981 crore collected on import of goods).
May 01, 2021, 15:34 PM IST
Govt releases Rs 30,000 cr to states as GST compensation
The total amount of GST compensation released so far this fiscal ending March 31 is Rs 70,000 crore. This is over and above the Rs 1.10 lakh crore released to states under the special borrowing mechanism to compensate them for shortfall in the Goods and Services Tax (GST) collection this financial year.
Mar 30, 2021, 22:39 PM IST
Governments should support MSMEs, says EAM Jaishankar
Speaking at the Asia Economic Dialogue 2021, Jaishankar said, "People expect today the government to bat for them. It is not just the business of Indian diplomacy to do business, it is the business of the government to support businesses."
Feb 26, 2021, 16:05 PM IST
GST revenue collection at Rs 90917 crore in June
During the month of June, returns of February, March, and April 2020 have also been filed in addition to some returns of May 2020 since Government has allowed a relaxed time schedule for filing of GST returns.
Jul 01, 2020, 18:09 PM IST
Goods and Service Tax regime completes 3 years: Here’s looking at advantages of GST
GST aims to eliminate cascading of taxes and reduce transaction costs.
Jul 01, 2020, 09:50 AM IST
GST collection up 8% year-on-year to Rs 1.10 lakh crore in January, signals recovery
The higher number is good news for the government which is facing serious revenue shortfall. The higher collection in the month of January is, however, on expected lines given the past trends.
Feb 01, 2020, 10:04 AM IST
News 50: Watch top news stories of today, January 10th, 2019
This segment of Zee News brings top news stories of the day. Watch this video to know more!
Jan 10, 2019, 18:30 PM IST
5W1H: Watch top news with research and latest updates,10th January, 2018
This is a special segment of 5W1H by Zee News which brings to you news with research and latest updates. Watch this video to know more.
Jan 10, 2019, 17:24 PM IST
5W1H: No registration important for small traders in GST
In news terms of GST the small traders will no longer need registration.
Jan 10, 2019, 17:08 PM IST
