GST e-invoicing for businesses with Rs 500-crore turnover from October 1
Earlier, the turnover threshold for businesses was set at Rs 100 crore.
Jul 23, 2020, 17:56 PM IST
GST, demonetisation and COVID-19 will be Harvard case study on failure: Rahul Gandhi targets government
He also said the Harvard Business School will do a case study on these policies along with the government’s failure in handling the coronavirus situation.
Jul 06, 2020, 10:19 AM 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
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
Frozen paratha is not roti, will be taxed 18% GST: Sources
The restaurants are up in arms with the Authority for Advance Ruling (AAR) over levying of 18% GST on paratha or parota. The AAR ruled that 18% GST will be levied on wheat packaged paratha and malabar paratha which are frozen packs.
Jun 13, 2020, 15:19 PM IST
40th GST Council meet: Key decisions and recommendations made by GSTC
The reduced rate of late fee would apply for all the GSTR-3B returns furnished between July 01, 2020 to September 30, 2020.
Jun 12, 2020, 17:55 PM IST
40th GST Council meet, first since lockdown: No late fee for GST returns filing for entities with nil tax liability
Briefing reporters after GST Council meeting, FM Sitaraman said that late fee for non-filing of monthly sales return for others has been reduced to a maximum of Rs 500 for July 2017 to January 2020 period.
Jun 12, 2020, 15:58 PM IST
GST Council meeting today: Discussion on taxing non-essential items, revenue, compensation mechanism for states likely
The 39th meeting of GST Council was held in March, which proposed rationalisation of taxes on many items.
Jun 12, 2020, 14:33 PM IST
Salary paid to company directors not to attract GST, clarifies CBIC
However, the part of directors' remuneration which is declared separately other than 'salaries' will be taxable.
Jun 11, 2020, 10:54 AM IST
Centre releases Rs 36,400 crore GST compensation to states for three months
The Centre has released Rs 36,400 crore as GST compensation to the states and union territories for three months till February 2020. For the April-November 2019 period, the Centre had already released Rs 1,15,096 crore to compensate states and UTs on account of revenue loss due to implementation of the Goods and Services Tax (GST).
Jun 05, 2020, 07:12 AM 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
Rahul Gandhi asks centre not to charge GST on COVID-19 equipment
Congress MP Rahul Gandhi has asked the centre not to charge Goods and Services tax on `small and big` equipment related to COVID-19 treatment, here on Monday.
Apr 20, 2020, 21:27 PM IST
GSTN glitch: Govt asks Infosys to submit resolution plan within 15 days
The finance ministry said such glitches on the portal leads to an unhealthy tax compliance requirement, more so on account of such disruptions, some taxpayers end up becoming liable for payment of late fee, interest.
Mar 09, 2020, 15:55 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
Budget 2020: FM Sitharaman says 60 lakh new taxpayers added in last 2 years
India Budget 2020 speech: The FM said that GST has been the most historic of the structural reforms, adding it has been gradually maturing into a tax that has integrated the country economically. She revealed that a total 60 lakh new taxpayers have been added in the last two years and as many as 40 crore income tax returns have been filed. The finance minister also informed the Lok Sabha that 105 crore e-way bills have been generated under the GST.
Feb 01, 2020, 11:49 AM IST
GST collection crosses Rs 1.1 lakh cr in January
Domestic GST collection during the month so far is around Rs 86,453 crore while Rs 23,597 crore has been collected through IGST and cess collection.
Feb 01, 2020, 08:32 AM IST
Finance Ministry to set up GST grievance redressal panel for taxpayers
The GST Council, in its 38th meeting held on December 18, had decided that a structured mechanism be set up for the taxpayers under GST to tackle their grievances on GST-related issues of specific/general nature.
Dec 25, 2019, 19:24 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
