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Zomato Receives Rs 803.4 Crore GST Tax Demand

Zomato Receives Rs 803.4 Crore GST Tax Demand

Fri, Dec 13, 2024

Zomato has received a tax demand of Rs 803.4 crore from GST authorities. The demand is related to its business operations and GST payments. The company is currently reviewing the notice and will take necessary steps.

CBIC issues instructions for initiating early GST recovery

CBIC issues instructions for initiating early GST recovery

Sun, Jun 02, 2024

Under the GST law, if a taxable person does not pay the amount specified in an order passed under the CGST Act within three months from the date of service of such order, the tax officer can initiate recovery proceedings only after the expiry of this period.

What are SGST, CGST, IGST and UTGST? A point-by-point guide on when is which applicable

What are SGST, CGST, IGST and UTGST? A point-by-point guide on wh...

Tue, Jul 11, 2023

Do you know all the four types of Goods and Services Tax (GST)? Here's a lowdown on IGST, UTGST, CGST and SGST for you.

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Centre, state tax officers launch special drive to identify fake GST registration, curb evasion

Centre, state tax officers launch special drive to identify fake...

Tue, May 16, 2023

The government has been using robust data analytics and artificial intelligence to identify and track risky taxpayers; sharing data with other law enforcement agencies to detect tax evasion.

GST collection for April rises to highest-ever mark of Rs 1.87 lakh crore

GST collection for April rises to highest-ever mark of Rs 1.87 la...

Mon, May 01, 2023

The gross GST revenue collected in the month of April 2023 is Rs 1,87,035 crore of which central GST is Rs 38,440 crore, state GST is Rs 47,412 crore, integrated GST is Rs 89,158 crore (including Rs 34,972 crore collected on import of goods), and cess is Rs 12,025 crore, the finance ministry said in a statement.

GST Collection October 2022: 2nd highest ever! Check CGST, SGCT, IGST, Cess details; state-wise revenue data

GST Collection October 2022: 2nd highest ever! Check CGST, SGCT,...

Tue, Nov 01, 2022

Gross GST Revenue Collection October 2022: The revenue for October 2022 is second highest monthly collection, next only to the collection in April 2022 and it is for the second time the gross GST collection has crossed Rs. 1.50 lakh crore mark.

June GST collection at Rs 1.44 lakh crore; 2nd highest since implementation

June GST collection at Rs 1.44 lakh crore; 2nd highest since impl...

Fri, Jul 01, 2022

During the month, revenues from import of goods was 55% higher and the revenues from domestic transaction (including import of services) are 56% higher than the revenues from these sources during the same month last year.

DGGI acts on pharma companies for GST evasion; Dr Reddy's, Glenmark, Aurobindo Pharma, Mylan and Cipla come under hammer

DGGI acts on pharma companies for GST evasion; Dr Reddy's, G...

Wed, Mar 30, 2022

Directorate General of GST Intelligence (DGGI) which works under the aegis of the Ministry of Finance has taken action against many big pharma companies in the country for not filing Goods and Services Tax (GST). The pharma giants included are Dr. Reddys Laboratories, Glenmark, Aurobindo Pharma, Mylan and Cipla, as reported by Zee Business’s Tarun Sharma.

GST evasion: Fraud alert! CBIC cautions against sharing Aadhaar, PAN details without valid reasons

GST evasion: Fraud alert! CBIC cautions against sharing Aadhaar,...

Thu, Mar 03, 2022

The CBIC on Thursday cautioned the public against sharing Aadhaar and PAN details without a valid reason or for monetary gains, saying that the information could be misused by fraudsters for GST evasion.

Money Guru: How GST on notice period salary recovery will impact employee's pocket? Expert explains

Money Guru: How GST on notice period salary recovery will impact...

Tue, Dec 07, 2021

Zee Business' News Anchor Swati Raina spoke to Ankit Gulgulia, CEO & Founder of Gravita Consulting, in the episode of Money Guru, clearing all the queries regarding the new advance GST ruling for the employees.

Centre releases Rs 75K cr to states as GST compensation shortfall

Centre releases Rs 75K cr to states as GST compensation shortfall

Fri, Jul 16, 2021

The Union Finance Ministry has released Rs 75,000 crore to states and UTs with legislatures under the back-to-back loan facility in lieu of GST compensation. This is in addition to normal GST compensation being released every 2 months out of actual cess collection.

42nd GST Council Meeting: Rs 20,000 cr compensation cess to be disbursed to states tonight, confirms FM Nirmala Sitharaman

42nd GST Council Meeting: Rs 20,000 cr compensation cess to be di...

Mon, Oct 05, 2020

Here are other things FM Sitharaman said on 42nd GST Council meeting:-

Fully faceless indirect tax admin starts at CBIC with e-Office's launch

Fully faceless indirect tax admin starts at CBIC with e-Office...

Tue, Jun 16, 2020

Developed by the NIC and supported by the Department of Administrative Reforms and Public Grievances (DARPG), the e-Office application aims to improve governance by automating the internal processes of handling files and taking decisions within the government.

Centre to release another Rs 35,000 cr compensation to states soon

Centre to release another Rs 35,000 cr compensation to states soo...

Mon, Feb 10, 2020

The Centre will soon release another Rs 35,000 crore to states to compensate for the revenue loss on account of GST rollout, an official said. Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on the base year of 2015-16

GST crackdown: This company sealed for tax evasion; invoices not in order

GST crackdown: This company sealed for tax evasion; invoices not...

Mon, Dec 24, 2018

The inspection team sealed the company as no proper invoices have been issued till date, the officials said.

GST evasion of Rs 509 crore in Mumbai, over Rs 308 crore seized

GST evasion of Rs 509 crore in Mumbai, over Rs 308 crore seized

Tue, Apr 10, 2018

The Mumbai Central Goods and Service Tax (CGST) has detected tax evasion amounting to Rs 509 crore and have recovered Rs 381.57 crore from non-filers of tax since the implementation of CGST in the

GST mop-up,compliance unlikely to improve near-term: Report

GST mop-up,compliance unlikely to improve near-term: Report

Tue, Nov 28, 2017

"Both collection as well as compliance of GST remains low, with the compliance being at around 50 per cent and is unlikely to increase significantly till the complete framework including returns matching, e-way bill, and reverse charges, are implemented fully," it noted.

GST collections dip in October to Rs 83,346 cr; 95.9 lakh taxpayers registered

GST collections dip in October to Rs 83,346 cr; 95.9 lakh taxpaye...

Mon, Nov 27, 2017

The Finance Ministry said that the states' revenues have been fully protected taking base year revenue as 2015-16, providing a projected revenue growth rate of 14%.

GST revenue likely to surge in coming months: FM Jaitley

GST revenue likely to surge in coming months: FM Jaitley

Thu, Sep 28, 2017

Finance Minister Arun Jaitley today said the Goods and Services Tax (GST) collections in the first two months have met the target and going forward the revenue will see further surge.

GST revenues cross Rs 92,000 crore; nearly 40 lakh returns filed in July

GST revenues cross Rs 92,000 crore; nearly 40 lakh returns filed...

Tue, Aug 29, 2017

Two months since the GST rollout and here is how much revenue was brought in by the new tax regime.

GSTN portal to be ready for invoice uploading from July 24

GSTN portal to be ready for invoice uploading from July 24

Sun, Jul 16, 2017

The Goods and Services Tax has kicked in from July 1 and so far, the GST Network, the company handling the IT backbone for new tax regime, has been facilitating registration of businesses.

Govt says new MRP should consider input tax credit under GST

Govt says new MRP should consider input tax credit under GST

Sun, Jul 09, 2017

The government on Saturday said the new MRP on products manufactured, packed or imported before July 1 should take into consideration extra availability of input tax credit under GST.

This app will help you find your GST rates on various goods and supplies

This app will help you find your GST rates on various goods and s...

Sat, Jul 08, 2017

To bring in proper understanding of GST rates for Indian, the Finance Ministry has launched a GST Rates Finder app.

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