Goods purchased, sold overseas liable to GST in India: AAR
On an application filed by Sterlite Technologies, the Gujarat-bench of AAR has ruled that GST is payable on goods sold to customer located outside India.
Jun 18, 2020, 17:56 PM IST
NIL GST return facility through SMS rolled out; 22 lakh taxpayers to benefit
With the facility of SMS getting activated, taxpayers with NIL liability need not log on to the GST portal and would be able to file their NIL returns through a SMS on "14409".
Jun 08, 2020, 19:03 PM IST
GST Council to meet next month; Finance Ministry not for raising rates on non-essential items
If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.
May 29, 2020, 17:49 PM IST
Not right time to seek GST rate cut on automobiles: Maruti Chairman
The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said a GST rate cut on vehicles does not make sense right now with auto industry production levels at record low level.
May 14, 2020, 09:57 AM IST
Goods and Services Tax collection for March stands at Rs 97,597 crore, says Finance Ministry
The total revenue earned by central government and the state governments after regular settlement in the month of March 2020 is Rs 41,901 crore for CGST and Rs 43,516 crore for the SGST," the FinMin statement said.
Apr 01, 2020, 18:50 PM IST
Centre to release GST dues to all states in 2 instalments
Union Minister of State for Finance and Corporate Affairs Anurag Thakur gave the reply in Lok Sabha on Monday after several MPs from Telangana and Odisha complained during Question Hour that their states were not getting the share of the GST and Integrated Goods and Service Tax (IGST).
Feb 03, 2020, 13:49 PM IST
GST collections for December 2019 rise by 16% year-on-year to Rs 1.03 lakh crore
The IGST collected from imports, the total revenue during December 2019, increased by 9 per cent in comparison to the revenue during December 2018.
Jan 01, 2020, 20:34 PM IST
Ahead of crucial meeting, Centre releases Rs 35,000 crore GST payment to states
The Centre on Monday (December 16) released pending GST collection of about Rs 35,000 crore to states and Union Territories.
Dec 16, 2019, 20:19 PM IST
Nirmala Sitharaman invites suggestions on easing GST filing process
The Central GST and State GST authorities have organised a nationwide GST stakeholder feedback on new GST return for getting an on-the-spot response to the new GST returns to be introduced from April 1, 2020.
Dec 07, 2019, 10:56 AM IST
GST collection breaches Rs 1 lakh crore mark in November: Finance Ministry
The Finance Ministry said in a statement that of gross Rs 1,03,492 crore in November, CGST is Rs 19,592 crore, SGST is Rs 27,144 crore, IGST is Rs 49,028 crore (including Rs 20,948 crore collected on imports) and Cess is Rs 7,727 crore.
Dec 01, 2019, 15:19 PM IST
No GST on salaries paid to chief executive officers or employees, says CBIC
The Central Board of Indirect Taxes and Customs (CBIC) clarified on Friday (Novmber 15) clarifies that salaries are not subject to Goods and Services Tax (GST). It further added that no GST has been demanded on salaries paid to chief executive officers or employees.
Nov 15, 2019, 19:28 PM IST
GST fraud of Rs 138 crore busted in Odisha, four arrested
The accused have been identified as Rama Chandra Mallick and Aditya Nayak both partners in Biraja Steel, Dindayal Agarwal, lessee of Biraja Steel, and Atul Bansal. Atul Bansal is the mastermind in the inter-state GST fraud.
Oct 25, 2019, 20:53 PM IST
GST may be flawed but can't be damned now: FM Nirmala Sitharaman
Finance Minister said even though people are facing the problems due to the GST framework but they need to own it up.
Oct 11, 2019, 21:14 PM IST
Gross GST revenue in September totals Rs 91,916 crore
Gross revenue on account of Goods and Services Tax (GST) totalled Rs 91,916 crore in September, 2.67 per cent lower in the year-ago period, the government said on Tuesday. Of this amount, the Central was Rs 16,630 crore, State GST Rs 22,598 crore and Integrated GST Rs 45,069 crore (including Rs 22,097 crore collected on imports) and cess Rs 7,620 crore.
Oct 01, 2019, 19:18 PM IST
At Rs 1.45K crore, govt's burden for reducing corporate tax is 33% of FY19-20 defense budget
The total estimated expenditure to be born by the government is 33.64 percent of India's total Defense Budget at Rs 4,31,010.79 crore.
Sep 20, 2019, 15:38 PM IST
How India Inc reacted to FM Nirmala Sitharaman's announcement on corporate tax, MAT rate cuts
The Finance Ministry on Friday announced that corporate tax rates will be slashed to 22 percent for domestic companies and 15 percent for new domestic manufacturing companies.
Sep 20, 2019, 12:54 PM IST
Corporate tax rates slashed to 22% for domestic companies, 15% for new domestic manufacturing companies
The effective tax rate for these companies shall be 25.17% inclusive of surcharge & cess. Also, such companies shall not be required to pay Minimum Alternate Tax.
Sep 20, 2019, 11:24 AM IST
GST Council to hold crucial meeting on Friday; hotel, auto sectors pin high hopes
Auto sector has demanded that the GST should be brought down to 18 percent from 28 percent to reverse the consumption slowdown.
Sep 20, 2019, 10:04 AM IST
GST Council to hold crucial meeting on Friday; auto sector unlikely to get any respite
Auto sector has demanded that the GST should be brought down to 18 percent from 28 percent to reverse the consumption slowdown.
Sep 19, 2019, 18:20 PM IST
GST panel unlikely to favour tax rate cut for auto sector
A government study, attached to the agenda of a Sept. 20 GST panel meeting, has said the total annual revenue loss could be as much as 500 billion rupees ($6.95 billion), if the panel decided to lower tax rates for the auto sector to 18% from 28%.
Sep 18, 2019, 10:35 AM IST
