CGST
GST Collection October 2022: 2nd highest ever! Check CGST, SGCT, IGST, Cess details; state-wise revenue data
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.
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June GST collection at Rs 1.44 lakh crore; 2nd highest since implementation
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.
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DGGI acts on pharma companies for GST evasion; Dr Reddy's, Glenmark, Aurobindo Pharma, Mylan and Cipla come under hammer
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.
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GST evasion: Fraud alert! CBIC cautions against sharing Aadhaar, PAN details without valid reasons
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.
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Money Guru: How GST on notice period salary recovery will impact employee's pocket? Expert explains
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.
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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.
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Fully faceless indirect tax admin starts at CBIC with e-Office's launch
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.
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Centre to release another Rs 35,000 cr compensation to states soon
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
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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.
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