- 01 Jul 2022 05:53 PM
- New
GST collection surges by 56% YoY to Rs 1,44,616 crore in June
The Goods and Services Tax (GST) revenue for the month of June surged by 56% on an annual basis to nearly Rs 1.45 lakh crore as against Rs 1.4 lakh crore in May, revealed finance minister Nirmala Sitharaman on Friday.
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- 01 Jul 2022 06:00 PM
- New
5 years of GST: Has it done enough to propel Make in India?
In line with industry expectations, GST has had a positive impact on the manufacturing sector by removing the cascading effect of taxes resulting in the reduction of manufacturing costs.
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- 01 Jul 2022 06:07 PM
- New
The need to make GST reporting standardised, less cumbersome for taxpayers and administrators
There is no doubt that the Government has put in its best efforts to clarify the issues to avoid confusion prevailing among taxpayers, however, there are many disputes that need prompt addressing so that litigation/disputes can be avoided.
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- 01 Jul 2022 06:13 PM
Five years of GST: Is it a gamechanger for MSMEs?
Conscious of the immense contribution of the sector, the government has been taking many measures to provide a more facilitative environment for MSMEs’ growth.
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- 01 Jul 2022 06:21 PM
5 years of GST: The irritants that we need to iron out
GST Authorities can investigate affairs of taxpayers for a long period of 5 years and 9 months. It is common experience that GST Authorities calls for details and documents for such a long period and that too within very short time.
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- 30 Jun 2022 12:23 PM
GST new rates: Check full list of goods, services that get costlier, cheaper
The 47th GST council meeting was held under the chairmanship of Union finance minister Nirmala Sitharaman on Wednesday, during which, approval for changes in tax rates was given for several goods and services.
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- 30 Jun 2022 12:29 PM
GST turns 5: 45% businesses give it a thumbs up, 24% express dissatisfaction
With the Goods and Services Tax (GST) about to complete 5 years on 1 July, 2022, 45 per cent of businesses are happy while 24 per cent have expressed dissatisfaction, said a survey report by LocalCircles.
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- 30 Jun 2022 12:32 PM
GST Council Meeting: Govt hikes taxes on household items amid inflation concern, check details
The Finance Ministry on 29 June announced that the government will raise taxes on certain goods and services including kitchenware to 18 per cent from current 12 cent.
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- 30 Jun 2022 02:05 PM
GST was put to the test by economic stress, it has come out stronger
The Goods and Services Tax (GST) has completed its 5th year today since its inception on 1 July 2017. The move towards ‘one nation one tax’ was one of the most historic indirect tax reforms India had ever undertaken. After concerted efforts of consensus building for over a decade, GST replaced 17 central and state taxes and 13 cesses, eliminating the cascading impact of indirect taxation and laying the foundation for a common national market.
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- 30 Jun 2022 02:56 PM
Transport sector gets GST relief
Source: https://www.livemint.com/news/india/transport-sector-gets-gst-relief-11656523232209.html
Goods and Services Tax (GST) Council has decided to give relief to the transport sector by way of a reduction in the tax rate at its two-day meeting which concluded in here on Wednesday, said a person aware of the development.
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