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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.
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.
Exporters can manually file GST refund claims: CBEC
Thu, Nov 16, 2017
The CBEC had last month started refunds for exporters of goods who have paid Integrated GST and have claimed refund based on shipping bill by filling up Table 6A
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.
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.
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
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.
Resolution to dual control issue not far off, says FM Arun Jaitley
Sun, Dec 25, 2016
Union Finance Minsiter Arun Jaitley on Saturday said that the Goods and Services Tax (GST) Council has made "significant progress" on the provisions relating to the indirect tax regime and resolution of the "one difficult issue" of dual control or cross empowerment that deals with assessee jurisd
GST Council makes headway on bills, stuck on taxpayer control
Sat, Dec 24, 2016
The all-powerful GST Council on Friday made a 'reasonable headway' on supporting legislations for the new indirect tax regime but its rollout from April 1 looked virtually impossible as it postponed discussion on the critical issue of administration and control of tax payers.
No consensus at GST Council, next meet on December 11 & 12
Sun, Dec 04, 2016
For the third time in one month, the GST Council on Saturday failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the goods and services tax (GST) rollout from April 1 next year.
Keeping fingers crossed on breakthrough in GST Council: Arun Jaitley
Sat, Dec 03, 2016
With the fifth meeting of the Goods and Services Tax (GST) Council remaining inconclusive as the impasse over the issue of assessee jurisdiction continued, Union Finance Minister Arun Jaitley on Saturday said he was keeping his fingers crossed.