Proposed amendments include return filing, registration-related issues, changes in input tax credit norms and refund rules, among others.
Adhia said that Rs 1 lakh crore revenue is “not the norm still”. “We hope to bring it (GST revenue) to the level of Rs 1 lakh crore (every month)
The government is looking to further lower goods and services tax (GST) in the coming months, starting with construction material such as cement and paints.
The tax proposal being mooted by the GST Council (Council) in light of the present situation is the imposition of a sugar cess within the GST regime.
As the Goods and Services Tax ( GST ) regime turns one year old on this July, the Central Government has notified the amended Central Goods and Services Tax (CGST) Rules
Transactions like purchase of insurance policies by NRIs and late payment charges on outstanding bills of credit cards will attract GST.
The GST Council is working towards rationalising Goods and Service Tax (GST) rates, Minister of State for Finance Shiv Pratap Shukla said on Thursday.
The finance ministry has pulled up officers of the indirect tax department for their supposedly inadequate performance in collecting the goods and services tax (GST).
The detailed clarifications for the GST financial services sector issued in the form of frequently asked questions (FAQs) seeks to address some pertinent issues relating to the industry such as levy of tax on free services.
The GST-Intelligence Unit has unearthed a racket which used fake bills to claim input tax credit worth Rs 450 crore, the Financial Express reported today. The government has started issuing summons to those traders or business houses…
A ministerial panel on imposing on sugar cess today decided to seek the law ministry’s opinion on the legality of such a levy.
Free banking services like cheque book issuance and ATM withdrawals are likely to remain out of the ambit of the Goods and Services Tax (GST).
Supply of food and beverages in trains will face goods and services tax (GST) as applicable on such items and not the concessional rate of 5% as specified by the government.
A coaching class that helps students prepare for engineering and medical entrance exams is not exempt from the ambit of Goods and Service Tax (GST).
The Goods and Services Tax (GST) Council in its 27th meeting held on Friday approved a simplified returns filing system for taxpayers, which will approximately take a year to come through.
Running against the principles of the Goods and Services Tax (GST), the Council’s 27th meeting being held via video-conferencing on Friday may clear the imposition of a 5% Sugar cess.
Sources had earlier said a cess of Rs.1-1.50 per kg of sugar would be adequate to ensure farmers get their dues on time and mills are in much better shape as well.
The tax department has asked country's top lenders including State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank to pay tax that could run into thousands of crores, on 'free services' provided to customers…
The CBI has filed a charge sheet against Commissioner, Goods and Service Tax, Sansar Chand in a corruption case, a first against a senior officer of the department.