- 06 Apr 2022 06:22 PM
- New
GST Council Newsletter for the month of March, 2022
Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-march-2022.html
All time high Gross GST collection in March’ 2022, breaching earlier record of Rs. 1,40,986 crore collected in the Month of January, 2022 Rs. 1,42,095 croregross GST revenue collected in the month.
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- 02 Apr 2022 06:22 PM
- New
GST collection at all-time high of Rs 1.42 lakh crore in March
The gross GST revenue collected in March 2022 is Rs 1,42,095 crore, of which CGST is Rs 25,830 crore, SGST is Rs 32,378 crore, IGST is Rs 74,470 crore (including Rs 39,131 crore collected on import of goods) and cess is Rs 9,417 crore (including Rs 981 crore collected on import of goods).
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- 01 Apr 2022 05:01 PM
- New
Fake GST ITC racket of ₹ 19.84 Crore busted in Navi Mumbai
CGST Commissionerate, Navi Mumbai busts a fake GST ITC racket of ₹ 19.84 Crore CGST Commissionerate, Navi Mumbai has busted a fake ITC racket of Rs. 19.84 Crore and arrested the Director of M/s Fortune Global Trade Private Limited on 30th March 2022.
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- 30 Mar 2022 05:41 PM
Framework for GST summons in works
The government is drawing up a framework for issuing summons to the top management of companies or arrest by goods and services tax (GST) authorities amid growing concerns about arbitrariness and harassment, said officials.
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- 29 Mar 2022 06:43 PM
Need simpler GST regime, stable policy setting: Sumant Sinha, Assocham President
India needs a strong contract-enforcement agency, a simple GST regime and simplified taxation process along with a stable policy environment to significantly improve ease of doing business, said Sumant Sinha, the newly elected president of Assocham.
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- 29 Mar 2022 06:53 PM
E-Way Bill provisions applicable to co-op societies registered under GST
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 4107 TO BE ANSWERED ON MONDAY, MARCH 28, 2022/CHAITRA 7, 1944 (SAKA) E-WAY BILL FOR INTRA-STATE MOVEMENT OF GOODS
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- 29 Mar 2022 06:55 PM
Ease of doing business important for widening of Tax base under GST CAIT
Source: https://taxguru.in/goods-and-service-tax/ease-business-important-widening-tax-base-gst-cait.html
On behalf of traders of the Country, we compliment you and the GST Council for collection of about Rs. 1 crore 33 lakh GST tax revenue for the month of February, 2022 which is almost 28 % increase in GST collection in about four years as in the first month of implementation GST collection for the month of August, 2017 was Rs.95633 lakh, However, we are of the opinion that the 28% increase in GST collection would have been more than 50% if efforts were made to widen the tax base as there is large potentiality of addition of more taxpayers into the fold of GST
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- 29 Mar 2022 06:57 PM
No plan to reduce GST on Raw materials required for production of sanitary napkins
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE ***** LOK SABHA UNSTARRED QUESTION NO.3981 TO BE ANSWERED ON MONDAY THE 28TH MARCH, 2022 CHAITRA 7, 1944 (SAKA) TAX ON RAW MATERIALS OF SANITARY NAPKINS
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- 29 Mar 2022 07:01 PM
Govt detects GST evasion by 11 Cryptocurrency Exchanges
Source: https://taxguru.in/goods-and-service-tax/govt-detects-gst-evasion-11-cryptocurrency-exchanges.html
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA UNSTARRED QUESTION NO.3964 TO BE ANSWERED ON 28.03.2022 Cryptocurrency Exchanges 3964: SHRI RAMALINGAM S.:
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- 29 Mar 2022 07:05 PM
GST Rating in Kerala: Tax Payer Card- Logic Document
Source: https://taxguru.in/goods-and-service-tax/gst-rating-kerala-tax-payer-card-logic-document.html
Evaluation Areas and Factors:
The rating is applied only on Tax Payers having annual turnover above 1.5 Cr under Regular Tax Payer Category.
Period of Data Used for calculation: The data used for calculation is from July 2017 till 01.10.2021 (which will be updated on quarterly basis).