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13th Instalment of Rs 6K cr released to States to meet...

New Delhi, Jan. Jan 25 | The Ministry of Finance has released the 13th weekly instalment of Rs 6,000 crore to the states on...

Mobile industry raises demand for GST rate cut in Budget

New Delhi, Jan 23 | Industry body India Cellular and Electronics Association (ICEA) has renewed its demand for reducing Goods and Services Tax (GST)...

Companies have to pay GST on remuneration of Independent Directors

New Delhi, Jan 21 | A company is liable to pay Goods and Services Tax (GST) on remunerations paid to Independent Directors on a...

12th instalment of Rs 6K cr released to states to meet...

New Delhi, Jan 18 | The Finance Ministry on Monday released the 12th weekly instalment of Rs 6,000 crore to the states to meet...

Haryana Police arrest 89, recover Rs 112 cr in GST fraud

Chandigarh, Jan 17 | In a well-coordinated operation against Goods and Services Tax (GST) scamsters, Haryana Police on Sunday said it busted four major...

Mumbai businessman nabbed for Rs 31 cr GST fraud

Mumbai, Jan 15 | In another crackdown, Maharashtra Goods and Services Tax (GST) sleuths arrested a businessmen in connection with an alleged Rs 31...

Maha stops automatic adoption of Centre’s GST circulars

New Delhi, Jan 13 | In a clear case of defiance of the Centre's authority on GST matters, the Maharashtra government has decided that...

11th instalment of Rs 6K cr for GST compensation shortfall released

New Delhi, Jan 11 | The Union Finance Ministry has released the 11th weekly instalment of Rs 6,000 crore to the states to meet...

Early inclusion of natural gas into GST fold likely

By Subhash NarayanNew Delhi, Jan 6 | With states coming on board over GST compensation issue, the Centre is gearing up to get their...

Odisha records 20% growth in GST collection

Bhubaneswar, Jan 2 | Odisha has recorded a growth of 20 per cent in gross Goods and Services Tax (GST) collection during December 2020...

Fake GST invoicing racket busted in Odisha

Cuttack, Jan 1 | The Odisha Goods and Services Tax (GST) Enforcement Wing has cracked a fake invoicing racket which created fake GST invoices...

ICEA urges for GST and import duty cuts, PLI for laptops

New Delhi, Dec 31 | The India Cellular and Electronics Association (ICEA) has urged the central government to reduce import duty and Goods and...

Deadlines for IT, GST return filing extended (Lead)

New Delhi, Dec 30 | The Centre on Wednesday extended the deadlines for filing Income Tax and GST returns for assessment year 2020-21.According to...

Maharashtra businessman held in Rs 185 cr GST scam probe

Mumbai, Dec 30 | The Maharashtra Goods and Services Tax Department (GST), which exposed a massive tax evasion racket in November, has made its...

3 GST officials in Odisha arrested by CBI for accepting bribe

Bhubaneswar, Dec 29 | The Central Bureau of Investigation (CBI) on Tuesday arrested three senior GST officials while accepting Rs 10 bribe for settling...

Centre releases Rs 6K cr loan to states to meet GST...

New Delhi, Dec 28 | The Finance Ministry has released the ninth weekly instalment of Rs 6,000 crore to the states to meet the...

Payment of 1% GST in cash only for entities having an...

By Subhash NarayanNew Delhi, Dec 27 | The government's decision on mandatory payment of at least 1 per cent of GST tax liability in...

Payment of 1% GST in cash only for 45,000 taxpayers: DoR...

New Delhi, Dec 26 | The government's decision on mandatory payment of at least 1 per cent of GST tax liability in cash will...

GST Council’s recommended measures to curb fake dealers/invoice rackets notified

New Delhi, Dec 23 | Now GST registrations will have in-person verification before registration is granted to any applicant.The Centre on Tuesday evening...

GST compensation shortfall: 8th tranche of Rs 6K Cr released to...

New Delhi, Dec 21 | Ministry of Finance has released the 8th weekly instalment of Rs 6,000 crore to the states to meet the...

FICCI suggests infra push, rationalising of GST slabs in FY22 budget

New Delhi, Dec 18 | As the Finance Ministry prepares for the upcoming Union Budget for the FY21-22, it has been speaking to several...

GST taxpayers to get flexibility to decide on monthly tax payment

New Delhi, Dec 13 | Come January 1 and GST taxpayers would be able to pay their tax dues on a self assessment basis...

GST invoice fraud: 132 arrested, 1.63 lakh registrations cancelled

New Delhi, Dec 11 | In its drive to check fake firms, fly-by-night operators, and circular trading entities, the GST field formations have cancelled...

GST payers now to fill just 4 GSTR-3B forms instead of...

New Delhi, Dec 7 | Come January 1 and GST payers would need to fill only 4 GSTR-3B returns in a year instead of...

Centre’s GST compensation formula gets nod from all states

New Delhi, Dec 6 | All the 28 states and three union territories with legislature have decided to go for the Centre-suggested compensation formula...

Fake GST invoice fraud: 104 arrested in 3 weeks

New Delhi, Dec 4 | The Directorate General of GST Intelligence (DGGI) and the CGST Commissionerates, in the three weeks of the nationwide drive...

Two arrested for GST fraud of Rs 118 crore

Chennai, Dec 4 | The Goods and Services Tax (GST) and the Central Excise Department, Chennai Outer, has arrested two persons, for committing a...

‘Not against Constitution’: SC upholds GST on lottery, betting, gambling

New Delhi, Dec 3 | The Supreme Court on Thursday upheld the levy of Goods and Services Tax (GST) on lotteries, betting and gambling,...

All states except J’khand join Centre’s suggested formula on GST compensation

New Delhi, Dec 3 | With Chhattisgarh communicating its acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation, all the...

EEPC India seeks easier GST refund rules at BoT meet

New Delhi, Dec 2 | EEPC India on Wednesday sought easing of GST refund rules to reduce difficulties faced by engineering exporters in the...

GST revenue collections seen stable going ahead

New Delhi, Dec 2 | Goods and services tax (GST) collections are likely to remain stable in case no major obstacles come up for...

November GST collection at nearly Rs 1.05 lakh Cr (Ld)

New Delhi, Dec 1 | Gross GST revenue collection in November stood at nearly Rs 1.05 lakh crore, an official statement said on Tuesday.The...

GST enablement on UPI: 4 months let-off from penalty on invoices...

New Delhi, Nov 30 | In an significant move to promote digital payments in Business to Customer (B2C) transactions through QR Code and GST...

25K defaulting taxpayers to be persuaded to file GST returns by...

New Delhi, Nov. Nov 28 | The Goods and Services Tax Network (GSTN) along with tax officials have decided to persuade 25,000 taxpayers, who...

Punjab chooses Option-1 to meet GST implementation shortfall

New Delhi, Nov 28 | Another opposition-ruled state Punjab has now communicated acceptance of Option-1 to meet the revenue shortfall arising out of GST...

P&G companies fined Rs 241 cr for not passing on GST...

New Delhi, Nov 26 | The National Anti-Profiteering Authority (NAA) has imposed a fine of over Rs 241.5 crore on P&G Home Products, P&G...

P&G companies fined Rs 241 cr for not passing on GST...

New Delhi, Nov 26 | The National Anti-Profiteering Authority (NAA) has imposed a fine of over Rs 241.5 crore on P&G Home Products, P&G...

GST invoices fraud: Mastermind of 115 fake firms among 59 held...

New Delhi, Nov 25 | With the arrest of Mitesh M. Shah, who created 115 fake firms to avail and pass on fraudulent input...

Kerala, WB also choose Option 1 to meet GST implementation shortfall

New Delhi, Nov 25 | The governments of Kerala and West Bengal have now accepted Option 1 to meet the revenue shortfall arising out...

GST Council panel for 2-pronged strategy to curb fake invoices

New Delhi, Nov 22 | The Law Committee of the GST Council has suggested a two-pronged strategy to tackle the issue of fake invoices,...

DGGI to write to ICAI against 3 CAs arrested for fake...

New Delhi, Nov 20 | The Directorate General of GST Intelligence (DGGI) is in the process of informing the Institute of Chartered Accountants of...

30 GST invoice fraudsters nabbed, law panel to strengthen GST legislation

New Delhi, Nov. Nov 17 | The Directorate General of GST Intelligence (DGGI) on the fifth day of its nationwide drive against GST invoice...

Curb on goods movement from Dec for not filing GST returns...

By Subhash NarayanNew Delhi, Nov 17 | Come December and businesses, both small and big, will not be able to move goods from one...

GST Council law panel to finalise amendment to law related to...

By Subhash NarayanNew Delhi, Nov 16 | An urgent meeting of the Law Committee of the GST Council will be convened on Wednesday in...

I-T profiling to help revenue dept nab fraudsters claiming fake GST...

New Delhi, Nov 16 | The government proposes to match GST data mentioned in Form 26AS with the turnover numbers provided while filing income...

Two held for GST credit fraud of Rs 35.72 crore in...

Chennai, Nov 16 | Two persons were arrested on charge of committing Goods and Services Tax (GST) credit fraud of Rs 35.72 crore, Principal...

25 held for fake GST invoices across India

New Delhi, Nov 15 | GST investigation authorities have arrested 25 persons in a nationwide drive against fraud through fake GST invoices in the...

DGGI’s Mumbai Zonal Unit busts Rs 408-crore GST fraud, arrests 4

Mumbai, Nov 12 | The Directorate General of GST Intelligence (DGGI) here has arrested directors of four companies on charge of involvement in GST...

Gas, ATF may come into GST fold ahead of other petro...

By Subhash NarayanNew Delhi, Nov 3 | At least two out of the five petroleum products, including aviation turbine fuel or ATF and natural...

GST collection crosses Rs 1 lakh cr in Oct, first in...

New Delhi, Nov 1 | The gross GST revenue collected in the month of October 2020 was Rs 1,05,155 crore, an official statement said...

Business

RBI proposals to restrict land financing by NBFCs: Report

New Delhi, Jan 26 | The Reserve Bank's proposals on restricting specific real estate funding by NBFCs will significantly affect land financing by them,...