- 04 May 2022 06:05 PM
- New
Govt may subsume sin goods cess into GST to pacify states
The cess levied on aerated drinks, cigarettes and cars is set to become a bargaining chip in Centre-state talks on GST compensation, with the Centre offering to subsume a part of the levy into the GST rate after March 2026 to placate states, discussions within the government indicate.
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- 03 May 2022 06:26 PM
- New
What is driving up GST collection?
The government’s goods and services tax (GST) collections, taken by analysts as a high-frequency indicator, has witnessed a strong rebound since the first wave of the pandemic. Mint takes a look at what is driving this revenue growth and its implications.
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- 03 May 2022 06:30 PM
- New
GoM on casinos, online gaming to finalise tax proposals this month
NEW DELHI : A group of ministers led by Meghalaya chief minister Congrad Sangma that is advising the GST Council on the taxation of casinos, race courses and online gaming which met in the capital on Monday, will meet again later this month to finalise its tax proposals to the Council, Sangma said after the meeting.
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- 03 May 2022 06:37 PM
Grievance Submitting – GST Composition Dealer – Annual Return
A memorandum is submitted to Finance Minister on Grievance related to scheme of annual return filing for the composition dealers under GST Act — modify the Late fee Rs. 10000/- imposing contrary to the 43rd GST Council decision – rectifications need to erroneous auto filled columns in GSTR 4 forms. Full text of the same is as follows:-
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- 02 May 2022 05:25 PM
GST Revenue collection for April 2022 highest ever at Rs 1.68 lakh crore
GST Revenue collection for April 2022 highest ever at Rs 1.68 lakh crore
Gross GST collection in April 2022 is all time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month
- 02 May 2022 05:32 PM
Fake GST ITC Racket of Rs. 15.23 Crore Busted in Mumbai
Source: https://taxguru.in/goods-and-service-tax/fake-gst-itc-racket-rs-15-23-crore-busted-mumbai.html
CGST Ccommissionerate, Mumbai West Zone busts fake GST Input Tax Credit of Rs. 15.23 Crore
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- 30 Apr 2022 06:41 PM
Request to extend due date of filing of annual statement in form GSTR-4
Request to extend the due date of filing of annual statement in form GSTR-4
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- 29 Apr 2022 06:54 PM
FHRAI appeals GST rationalisation for the hospitality sector
NEW DELHI : Citing the unprecedented rise in inflation, the Federation of Hotel & Restaurant Associations of India (FHRAI) has requested the GST Council to evaluate the present GST structure for the hospitality sector and appealed for it to be rationalised.
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- 29 Apr 2022 06:59 PM
‘Revision in GST a medium-term aim’
Source: https://www.livemint.com/economy/revision-in-gst-a-mediumtermaim-11651171761265.html
NEW DELHI : The 15th Finance Commission’s recommendation to revise goods and services tax (GST) rates and slab structure to improve revenue collection is a medium-term goal, N.K. Singh, who chaired the commission, said, adding it is best done when economic growth is more robust.
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- 29 Apr 2022 07:44 PM
Status Note on GST compensation released to States/UTs
Source: https://taxguru.in/goods-and-service-tax/status-note-gst-compensation-released-states-uts.html
₹ 2.78 lakh crore of compensation released to States for the year 2020-21 itself ; nothing is pending for the year
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