Tag: Goods and Services Tax

Bitcoin trading likely to attract Income Tax, 18% GST: Reports

New Delhi: Government is contemplating to levy income-tax (I-T) and goods and services tax (GST) at the rate of 18 percent on gains and...

GST revenue collection at all-time high in January 2021, stands at Rs 1.19 lakh crore: Ministry of Finance

New Delhi: The Union Ministry of Finance on Sunday (January 31, 2021) announced that the gross Goods and Services Tax (GST) revenue collected in...

GST collections in November at Rs 1.05 lakh crore; crosses Rs 1L-cr mark for 2nd straight month

New Delhi: GST (Goods and Services Tax) collections crossed the Rs 1 lakh crore mark for second straight month in November. The gross GST revenue...

Smart Arithmetic: Centre Agreeing to Take on GST Debt Should Help States’ Finances

The Centre has shown its arithmetic abilities in the game of one-upmanship with states over who foots the GST compensation shortfall in this pandemic...

GST Council meet: No consensus yet on compensation dues, says FM Nirmala Sitharaman; 12 states accept Centre’s solution

New Delhi: Finance Minister Nirmala Sitharaman on Monday (October 12) said that 12 states have accepted the Centre's solution on the Goods and Services...

GST Council splits on state compensation; surcharge on luxury goods, tobacco extended

New Delhi: The Goods and Services Tax (GST) Council on Monday decided to extend the surcharge on taxes over luxury goods such as cars,...

Stormy GST Council meet likely on Monday; non-BJP states to oppose Centre’s borrowing option – Times of India

NEW DELHI: The GST Council meeting on Monday may turn into a stormy affair, with non-BJP ruled states still being in disagreement with the...

GST collections at Rs 95,480 crore in September; touch highest level so far this fiscal

New Delhi: Goods and Services Tax (GST) collections at Rs 95,480 crore in September touched the highest level so far this fiscal, the Finance...

GST Collections at Rs 95,480 Crore in September, Says Finance Ministry

Image for representation (Photo courtesy: AFP)In September, the tax collected from import of goods was 102 per cent and the revenues from the domestic transaction...

GST annual return filing deadline for FY19 extended till October 31

New Delhi: The government has extended the deadline for filing GST annual return and audit report for 2018-19 fiscal year by a month till...

CAG: 40% of cess collections not going to designated funds – Times of India

NEW DELHI: The Comptroller and Auditor General has pulled up the government for diverting a large chunk of the money it collected as cess...

Net Direct Tax Collection Dips 31 per cent in April-August

The net direct tax collection during April-August was Rs 1.92 lakh crore, down 31 per cent over the same period of the last fiscal....

IRDAI seeks GST rate cut on life, health insurance premiums; all eyes on GST Council’s meeting on Sept 19

New Delhi: The Insurance Regulatory and Development Authority of India's (IRDAI) has again made fresh plea to the Finance Ministry for reduction in GST...

GST revenue collection for August stands at Rs 86,449 crore: Finance Ministry

New Delhi: The Union Ministry of Finance on Tuesday (September 1, 2020) said that the gross Goods and Services Tax (GST) revenue collected in...

Telangana Says it Lost Rs 8,000 Crore Income in 4 Months; Demands Full GST Compensation by Centre

GSTN handles the IT backbone of Goods and Services Tax (GST) (Representative image) ...

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