India's April GST collection touches Rs 1,67,540 crore
May 01, 2022, at 10:13 pm
New Delhi: The gross GST revenue collected in the month of April is Rs 1,67,540 crore, as per data released by the Indian government on Sunday.
GST collection in March touches all-time high figure of Rs 1.42 lakh crore
Apr 01, 2022, at 09:59 pm
New Delhi: On the back of strong rebound in economic activities and anti-evasion drive, goods and services tax (GST) collection reached all-time high to Rs 1.42 lakh crore in March, 2022.
Govt working on categorisation of cryptocurrency under GST law: Report
Mar 21, 2022, at 02:34 am
The cryptocurrency may soon be categorised as goods or services under the GST law as the government is working on it to levie tax on the entire value of transactions, media reports said.
India collects Rs 1,33,026 crore gross GST revenue in February
Mar 01, 2022, at 11:24 pm
New Delhi: The Indian government's goods and service tax revenue collection for the month of January stood at Rs 1,33,026 crore, as per data released by the Ministry of Finance on Tuesday.
Startups seek 'booster dose' in form of tax incentives from Union Budget
Feb 01, 2022, at 02:20 am
Mumbai/UNI: Amid the uncertainties of the Covid-19 pandemic, Indian startups are pinning hopes on the Union Budget, to be tabled on Feb 1, for a booster dose in the form of tax incentives, reduction in GST and relaxing regulatory restrictions, among others.
GST collection crosses Rs 1.30 lakh cr mark for 4th time since its roll-out: Finance Ministry
Feb 01, 2022, at 02:00 am
The GST (Goods and Services Tax) collection for the month of January stands at Rs 1,38,394 crore, as per data released by the government on Monday.
Top cryptocurrency service providers raided for massive GST evasion
Jan 02, 2022, at 04:53 am
New Delhi: After the massive GST evasion by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence (DGGI) has launched a crackdown on Cryptocurrency exchanges active in the country, media report said.
Centre's GST collection in December declines marginally to Rs 1,29,780 crore
Jan 01, 2022, at 09:15 pm
New Delhi: The gross GST collection in December touched Rs 1,29,780 crore, asper data released by the Ministry of Finance on Saturday.
GST council meeting defers rate hike on textiles amid opposition from states, industry
Dec 31, 2021, at 10:33 pm
New Delhi/IBNS: The GST council meeting chaired by finance minister Nirmala Sitharaman Friday decided to defer the rate of hike on Textiles from 5 percent to 12 percent till the next meeting in February, media reports said.
Last date of filing GST annual returns for 2020-21 extended
Dec 31, 2021, at 06:23 am
New Delhi/IBNS: The government has extended the deadline til February 28 for filing the GST annual returns for 2020-21 fiscal ended March 2021.
GST issue: Amit Mitra says hike will lead to loss of 15 million jobs
Dec 27, 2021, at 02:27 am
Kolkata: Former West Bengal finance minister Amit Mitra on Sunday said the proposed hike of Goods and Service Tax (GST) on textile products from five to 12 per cent would lead to loss of 15 million jobs and closure of one lakh units.
GST can't be imposed on petrol, diesel in pandemic time: Govt
Dec 02, 2021, at 02:49 am
New Delhi/IBNS: Petrol, diesel and ATF cannot be included under GST until India overcomes the COVID-19 pandemic, the 45th GST Council has decided.
Rs.1,31,526 crore gross GST revenue collected in November
Dec 01, 2021, at 08:13 pm
New Delhi: The goods and services tax (GST) collection rose by 25 percent year-on-year to Rs 1,31,526 crore in November on the back of improved compliance and economic activities picking pace.
Centre mulls over change in tax laws to tax cryptocurrency gains in India
Nov 20, 2021, at 12:08 am
Mumbai/IBNS: The Centre is mulling on bringing changes under the tax laws to tax gains from cryptocurrency in the southeast Asian nation.
India's August GST collection rises 30 pc YoY to Rs 1.12 lakh cr on economic recovery
Sep 01, 2021, at 10:00 pm
New Delhi/UNI: Gross GST collection in the month of August 2021 rose 30 per year year-on-year to Rs 1.12 lakh crore reflecting fast economic recovery.
RBL Bank empanelled as 'Agency Bank' to RBI
Aug 12, 2021, at 01:28 am
Mumbai/UNI: RBL Bank, formerly known as Ratnakar Bank, on Wednesday said that it has been empanelled by the Reserve Bank of India (RBI) as an 'Agency Bank' to conduct banking business for the Central and State Governments.
GST collection for June drops to Rs. 92849 crore
Jul 06, 2021, at 10:49 pm
New Delhi: The gross GST revenue collected in the month of June’ 2021 is Rs. 92,849 crore of which CGST is Rs. 16,424 crore, SGST is Rs. 20,397, IGST is Rs. 49,079 crore (including Rs. 25,762 crore collected on import of goods) and Cess is Rs. 6,949 crore (including Rs. 809 crore collected on import of goods).
GST Council reduces tax on equipment, meds to fight Covid19
Jun 13, 2021, at 04:25 am
New Delhi/IBNS: The Goods and Services Tax Council Saturday slashed taxes on medicines, medical equipment needed in hospitals and other items used to fight Covid-19.
Rs 1.02 lakh cr GST collected in May: Govt
Jun 05, 2021, at 11:43 pm
New Delhi: The government on Saturday informed that a total of Rs 1,02,709 crore was collected in the form of Goods and Services Tax in the month of May, 2021.
GST Council meet on May 28; likely to discuss States' Covid-related demands
May 16, 2021, at 06:28 am
New Delhi/UNI: The Goods and Services Tax Council will meet on May 28 after a gap of seven months amid calls from States for policy measures related to COVID-19 pandemic.
May 10, 2021, at 06:06 am
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman has emphasised that a minimum 5 per cent tax on vaccines and 12 per cent tax on medicines and oxygen concentrators is necessary to keep their prices low while replying to West Bengal Chief Minister.
GST Revenue collection for December 2020 touches all time high figure of Rs. 1,15,174 crore
Jan 01, 2021, at 09:09 pm
New Delhi: The gross GST revenue collected in the month of December 2020 is Rs. 1,15,174 crore.
Modi government to borrow Rs. 1.1 lakh cr on behalf of states for GST compensation
Oct 16, 2020, at 08:51 pm
New Delhi/IBNS: After months of confrontation over the Goods and Services Tax (GST) dues, the Centre has decided to borrow Rs. 1.1 lakh crore on behalf of the states prompting Union Finance Minister Nirmala Sitharaman to explain the reason behind the government's change in stance over the issue, media reports said.
Oct 13, 2020, at 12:12 am
New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman here on Monday announced measures of Rs 73,000 crore to stimulate consumer spending in the economy in an effort to fight the slowdown due to COVID-19 pandemic following lockdown.
Coronavirus act of God which affected GST collections: Nirmala Sitharaman
Aug 27, 2020, at 11:48 pm
New Delhi/IBNS: Amid pressure from several states to compensate the revenue shortfall, Union Finance Minister Nirmala Sitharaman on Thursday said Novel Coronavirus is an act of God that has affected the Goods and Services Tax (GST).
Aug 24, 2020, at 10:27 pm
New Delhi/UNI: On the occasion of the first death anniversary of former Finance Minister Arun Jaitley on Monday, the Finance Ministry highlighted 'positive changes brought forth under the Goods and Services Tax (GST) regime.'
June GST collection stands at Rs. 90,917crore
Jul 01, 2020, at 04:31 pm
New Delhi/IBNS: The gross GST revenue collected in the month of June, 2020 is Rs. 90,917crore of which CGST is Rs. 18,980crore, SGST is Rs. 23,970crore, IGST is Rs. 40,302crore (including Rs. 15,709crore collected on import of goods) and Cess is Rs.7,665 crore (including Rs. 607crore collected on import of goods).
GST Council meet: No late fee for GST returns filing for entities with nil tax liability
Jun 12, 2020, at 04:55 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Friday chaired the crucial 40th GST Council meeting where it was announced that there will be no late fee for delayed filing of GST returns by registered entities with nil tax liability between July 2017 to January 2020.
GST collection for March 2020 stands at Rs 97,597 crore
Apr 01, 2020, at 07:09 pm
New Delhi/IBNS: The gross GST revenue collected in the month of March, 2020 is Rs. 97,597crore of which CGST is Rs. 19,183 crore, SGST is Rs. 25,601 crore, IGST is Rs. 44,508 crore (including Rs. 18,056 crore collected on imports) and Cess is Rs. 8,306 crore (including Rs. 841 crore collected on imports), the government said in a statement today.
Coronavirus outbreak: Centre extends last date for filing GST returns till Jun 30
Mar 24, 2020, at 02:50 pm
New Delhi/IBNS: The central government on Tuesday extended the last date for filing GST returns for the fiscal year 2018-19 till Jun 30 amid the Novel Coronavirus outbreak.