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GST crackdown: This company sealed for tax evasion; invoices not in order
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
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 country.
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
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
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
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
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
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
Sat, Jul 08, 2017
To bring in proper understanding of GST rates for Indian, the Finance Ministry has launched a GST Rates Finder app.
A list of challenges threatening GST rollout
Sat, Jun 10, 2017
A small-scale manufacturing company with operations in only one state will have to file a minimum of 37 returns instead of the current 13 once the goods and services tax (GST) goes live from July 1, increasing work for industry, accountants and banks, according to an IndiaSpend analysis.
GST cloud hangs over excise mop-up as dealers hold up tight
Sun, May 14, 2017
The collections of excise duty may take hit as dealers are refraining from purchasing goods from manufacturers as they are not sure about tax credits and rates under GST, which is slated for July 1 launch.
Education, healthcare, pilgrimages not to be taxed under GST
Sun, Apr 02, 2017
Adhia said the endeavour would be to maintain the current tax incidence on a commodity or service at the same level in the new Goods and Services Tax (GST) regime.
Here are 17 key features of supplementary GST bill passed by Lok Sabha
Thu, Mar 30, 2017
The Lower House of Parliament on Wednesday gave its approval to four bills of the Goods and Service Tax (GST) stipulated to be rolled out by July 1. The Central GST bill was introduced in the Lok Sabha on March 27 and was one of the bills passed by the government.
Lok Sabha approves four supporting GST Bills
Wed, Mar 29, 2017
The parliament also approved GST Bill related to compensation.
GST Bills may be introduced in Lok Sabha on Monday
Sat, Mar 25, 2017
The Union Cabinet already cleared the four supplementary GST legislations -- CGST, IGST, UTGST and Compensation Law -- for introduction and passage in the ongoing session of Parliament.
Council approves State, Union Territory GST laws: Arun Jaitley
Thu, Mar 16, 2017
The Goods and Service Tax Council on Thursday approved the State GST and Union Territory GST laws which were the final two draft laws that needed to be passed.
15 new features of CGST, IGST finalised by the GST Council
Sat, Mar 04, 2017
The GST Council in its meeting held on Saturday in Vigyan Bhawan in New Delhi under the Chairmanship of Finance Minister Arun Jaitley has approved the draft CGST Bill and the draft IGST Bill
Central govt, states broadly agree on CGST, IGST provisions
Sat, Mar 04, 2017
Union Finance Minister Arun Jaitley met with his state counterparts today and discussed the GST legislation to be adopted by Union Territories.
Model GST Bill to go for 20% peak tax, slabs intact for now
Thu, Mar 02, 2017
The GST Council has proposed to raise the peak tax rate to 20%, from the current 14%, in the model goods and services tax Bill to preclude the requirement of approaching Parliament for any change in rates in future.
We were having one of the best years of Raymond before demonetisation hit us: Sudhandhu Pokhriyal, Raymond
Mon, Feb 27, 2017
Apart from demonetisation Pokhriyal further spoke on GST, Textile Minister Smriti Irani and how US President Donald Trump's decision to end the Trans-Pacific Partnership (TPP) is beneficial to them.