GST Council Meets Today – Rate Cuts Likely
The GST Council (Goods and Services Tax Council) is likely to reduce the rates on a handful of products at its meeting on Saturday.
GST rules set to get easier as big changes in laws on anvil
Proposed amendments include return filing, registration-related issues, changes in input tax credit norms and refund rules, among others.
GST collections rise to Rs 95,610 crore in June: Adhia
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)
Govt may further lower GST rates, review high-tax items
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.
GST Council’s bitter sugar cess – All you need to know
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.
Govt amends CGST Rules: Notifies Changes in GST Returns
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
Filing a RTI? Be Prepared to Pay 18 Percent GST
“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.
GST Council working towards reducing tax rates: MoS Finance
The GST Council is working towards rationalising Goods and Service Tax (GST) rates, Minister of State for Finance Shiv Pratap Shukla said on Thursday.
Finance Ministry pulls up officers of IT department for poor GST mop-up
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).
Government clarifies GST applicability on financial services
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.
GST fraud: Fake bills used to claim input tax credit worth Rs 450 crore
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 From GST Net, Says Finance Ministry Official
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).