- 01 Dec 2021 03:45 PM
- New
November gross GST collection at Rs 1,31,526 crore, 2nd highest ever
The revenues for November are the second highest ever since introduction of GST. The highest-ever revenues were collected in April this year.
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- 30 Nov 2021 02:31 PM
- New
Vivek Johri appointed as CBIC chairman
Source: https://www.livemint.com/news/india/vivek-johri-appointed-as-cbic-chairman-11638117968487.html
Johri, a senior civil servant, is currently a member of the CBIC, handling GST and tax policy
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- 30 Nov 2021 02:52 PM
- New
GST on notice pay, group insurance, phone bill: AAR
This tax complication comes at a time when top companies are complaining of high attrition. The ruling in the case of Bharat Oman Refineries is set to result in scrutiny by the tax department in the coming months as there's already confusion over the issue.
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- 30 Nov 2021 03:11 PM
Gross GST Collection in FY 2021-22 shows increasing trend
Source: https://taxguru.in/goods-and-service-tax/gross-gst-collection-fy-2021-22-shows-increasing-trend.html
The gross GST Collection in FY 2021-22 post COVID-19 pandemic outbreak are showing an increasing trend. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in written reply to a question in Lok Sabha today.
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- 29 Nov 2021 02:20 PM
CBIC tells officials to help boost Nov GST collections
The indirect tax authority urged senior officials to guide field officers to gently remind all taxpayers to file returns and deposit the due tax amount in time
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- 26 Nov 2021 02:17 PM
Centre urged to defer GST rate hike on apparels
The proposed merger of 12 per cent and 18 per cent slabs to a single rate will result in a staggering increase of 30 per cent in the GST rate for garments.
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- 26 Nov 2021 03:02 PM
‘Completely unjustifiable’ GST rate hike on apparel, textiles and footwear show the Govt has no easy choices
The Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead to a significant hike in their cost of production.
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- 24 Nov 2021 03:41 PM
Retailers Association of India urges govt to reconsider proposed GST rate hike on textiles, apparels
RAI asked "the central and state governments and GST Council to reconsider its decision to prevent a complete collapse of the sector and maintain an atmosphere of hope and certainty." It further said, "A far more beneficial and reasonable solution is to make the entire value chain subject to a flat 5 % GST rate. This will not only resolve the inverted duty structure anomaly but also give a fillip to the industry."
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- 24 Nov 2021 04:10 PM
GoM to meet on Nov 27 to finalise report on GST rate rationalisation
Sources said the Fitment committee, comprising tax officers from states and the centre, has made many "sweeping" recommendations regarding slab and rate changes and taking items out of the exemption list.
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- 22 Nov 2021 02:09 PM
Finance Ministry notifies 12% GST rate on MMF, yarn, fabrics from January 1; corrects duty anomaly
Experts said though there is a provision in GST law to claim the unutilised Input Tax Credit (ITC) as a refund, there were other complications and resulted in more compliance burden. The inverted tax structure caused an effective increase in the rate of taxation of the sector.
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