The GST Council (Goods and Services Tax Council) is likely to reduce the rates on a handful of products at its meeting on Saturday.
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
“It is something they have introduced recently. It reveals government’s negative attitude, but I do not see it as a major issue,” said Shailesh Gandhi, former central information commissioner.
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 that produced counterfeit bills to claim tax credits. In one such notice, the intelligence unit has asked the…
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).