- 01 Mar 2023 05:21 PM
- New
GST collection rise 12% to ₹1.49 trillion in February
The gross GST revenue collected in the month of February 2023 is ₹1,49,577 crore of which CGST is ₹27,662 crore, SGST is ₹34,915 crore, IGST is ₹75,069 crore
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- 23 Feb 2023 05:01 PM
- New
A taxing question India can’t resolve: What’s an SUV?
Source: https://www.livemint.com/news/india/why-taxing-suvs-has-become-a-vexing-matter-11677089667059.html
India doesn’t quite know how to define a Sports Utility Vehicle (SUV) and that has led to confusion on how to tax them. Nearly six years after the GST was implemented, the Centre is now looking at plugging loopholes to prevent any ‘unintended tax evasion’. Mint explains.
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- 20 Feb 2023 05:57 PM
- New
GST Council Meeting: See how industry reacts on compensation clearance, rate cut
Sitharaman said the entire pending balance of the GST compensation cess -- a total of ₹16,982 crore -- will be cleared and "although this amount is not available with the compensation fund as of today, we have decided to release from our own resources and the same amount will be recouped from the future compensation cess collection".
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- 20 Feb 2023 06:05 PM
GST Council clears setting up tribunals, ad valorem cess on pan masala
Goods and Services Tax (GST) Council on Saturday decided to set up appellate tribunals to resolve GST disputes, tighten the tax regime of pan masala, gutka and chewing tobacco to check tax evasion and reduce the late fee on annual return filings to small businesses, finance minister Nirmala Sitharaman, who chairs the Council, told reporters after the 49th meeting of the federal indirect tax body.
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- 20 Feb 2023 06:08 PM
GST Council cuts tax on jaggery; rationalises late fee on delayed annual returns
GST Council, the apex decision-making authority, on Saturday reduced the tax rate on several items, including 'rab' (liquid jagger) and pencil sharpeners, besides rationalising late fee for the delayed filing of annual returns.
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- 20 Feb 2023 06:16 PM
Full list of items to be costlier and cheaper after GST Council meet
Union Finance Minister Nirmala Sitharman announced key decisions related to GST Tribunal formation and tax cuts in the GST Council on Saturday. Know the full list of items that will be costlier and cheaper after GST Council meet
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- 20 Feb 2023 06:20 PM
India has no reason at all to help Pakistan in its crisis
Pakistan is currently in the deepest economic crisis in its history. Many essential food items are now unaffordable for large swathes of the country’s population. It desperately needs a few billion dollars to tide over the next few months, but the International Monetary Fund (IMF) is playing hardball. Islamabad seems to have accepted all the short-term conditions set by the IMF for writing out a cheque, but this will cause even more pain for the people of Pakistan before the disease subsides.
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- 20 Feb 2023 06:26 PM
Recommendations of 49th GST Council Meeting
Source: https://taxguru.in/goods-and-service-tax/recommendations-49th-gst-council-meeting.html
Government of India to clear entire pending balance GST compensation of Rs. 16,982 crore for June’2022.
GST Council adopts report of Group of Ministers (GoM) on GST Appellate Tribunal with certain modifications.
- 18 Feb 2023 06:09 PM
49th GST Council Meet: Entire pending GST compensation will be cleared, says FM Nirmala Sitharaman
The Union Finance Minister, Union Minister of State for Finance Pankaj Chaudhary, besides the finance ministers of states and Union Territories (with legislature) and senior officers from the Union government and states, attended the meeting
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- 18 Feb 2023 06:19 PM
What GST Council meet is debating today
Source: https://www.livemint.com/news/india/what-gst-council-meet-is-debating-today-11676710579644.html
The 49th meeting of the federal indirect tax body, the Goods and Services Tax (GST) Council, is now underway to decide on key tax matters. Mint takes a look at what to expect from the meeting.
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