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Manual checks in IGST refunds to prevent unscrupulous exporters from defrauding exchequer: FinMin
Thu, Jun 20, 2019
According to FinMin, the new verification exercise is aimed at preventing unscrupulous exporters from defrauding the exchequer and bringing a bad name to the larger exporting community.
IGST refund of Rs 21,142 crore sanctioned as on June 16
Wed, Jul 18, 2018
IGST refunds amounting to Rs 21,142 crore and RFD-01A refunds totalling Rs 16,920 crore has been sanctioned by CBIC (Central Board of Indirect Taxes and Customs) and state governments as on June 16, 2018
Notice shot off to businesses for less IGST input credit claim
Fri, Jun 08, 2018
Tax authorities have started sending notices to businesses who have claimed less IGST input tax credit while filing sales returns as against the credit claims generated by GST Network (GSTN).
Single GST form likely for service providers
Tue, Jan 16, 2018
A panel set up by the GST Council has reportedly suggested modifications in the provisions of the law and relaxations in some procedures to ensure ease in compliance.
Exporters file over 10,000 applications for GST refunds
Sun, Dec 03, 2017
The Central Board of Excise and Customs (CBEC) had last month started refunds for exporters of goods who have paid IGST and have claimed refund based on shipping bill by filling up Table 6A.
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 Council: Import of specific sports good exempted from IGST
Sun, Nov 12, 2017
On November 10, the GST Council cut tax rates of over 175 products that were in the highest tax slab of 28% under the regime.
Exports body hails govt decision for exemption of bank guarantee
Sat, Sep 30, 2017
FIEO in a statement said micro and small exporters will be immensely benefited from this decision as they were struggling to get bank guarantee
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.
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 Chaupal: Traders in Mumbai's Kumbharwada get their queries answered
Wed, May 17, 2017
Zee Business recently hold a panel discussion with traders in Mumbai's Kumbharwada area in order to learn about what they think about the GST tax, here are the excerpts from that panel discussion.
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.
GST protest: 70,000 tax officers to wear black bands today
Sun, Jan 29, 2017
About 70,000 tax officers and employees in the country will wear black bands at work on Monday January 30, 2017, on Martyrs Day, to protest some recent decisions taken by the GST Council headed by Finance Minister Arun Jaitley.
About 75% of targeted 60,000 officers trained for GST: NACEN
Sun, Dec 25, 2016
Uncertainty over the rollout date of GST notwithstanding, the NACEN has already trained about three-fourth of the targeted 60,000 field officials who would be instrumental in implementing the new indirect tax regime.