- 03 Jun 2022 05:05 PM
- New
3.26 lakh Tamil Nadu dealers not paid any GST during year 2021-22
Source: https://taxguru.in/goods-and-service-tax/3-26-lakh-tamil-nadu-dealers-paid-gst-year-2021-22.html
Commercial Taxes Department identified 3.26 lakh dealers as not having paid a single rupee as GST during the year 2021-2022. Similarly, about 1.94 lakh dealers who paid less than Rs. 1000 as GST for the entire year were also identified. In this connection, the Department sent mails to all those dealers, requesting them to verify their accounts and pay any tax due for all the years. An intimation was also issued through Press for wide publicity.
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- 02 Jun 2022 10:59 AM
- New
GST mop-up above ₹1.4 tn in May for a third month
NEW DELHI : The goods and services tax collection remained over the ₹1.4 trillion mark for the third straight month in May, sustaining the robust revenue growth momentum in FY23, providing the Union government spending buffer to deal with inflationary pressures.
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- 02 Jun 2022 11:09 AM
- New
GST Revenue collection for May 2022 increases 44% year-on-year
₹1,40,885 crore gross GST Revenue collection for May 2022; increase of 44% year-on-year
GST collection crosses ₹1.40 lakh crore mark 4th time since inception of GST; 3rd month at a stretch since March 2022
- 01 Jun 2022 12:41 PM
Govt releases ₹86,912 cr to states, clears entire GST compensation dues
The government has released ₹86,912 crore to the state governments, clearing all the Goods and Services Tax (GST) compensation dues till 31 May, 2022, the Ministry of Finance said on Tuesday.
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- 01 Jun 2022 12:53 PM
India should not give up on the potential of GST
Inelastic demand is the dream of every authority that levies indirect taxes. If people do not buy less of something as its price goes up, it makes for easy tax pickings. Essentials tend to display such inflexibility, which explains why fuel is often a prime target for an overload of slap-ons, as in India.
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- 01 Jun 2022 01:03 PM
GST compensation up to May released
Source: https://www.livemint.com/news/india/gst-compensation-up-to-may-released-11654012445543.html
NEW DELHI : The Centre has released ₹86,912 crore as the goods and services tax (GST) compensation payable to states up to 31 May 2022, the finance ministry said on Tuesday.
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- 01 Jun 2022 01:45 PM
Centre Clears Entire GST Compensation Due till 31ST May, 2022
The Government of India has released the entire amount of GST compensation payable to States up to 31st May, 2022 by releasing an amount of Rs.86,912 crores. This decision was taken to assist the States in managing their resources and ensuring that their programmes especially the expenditure on capital is carried out successfully during the financial year.
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- 01 Jun 2022 02:46 PM
May GST collections at ₹1.40 lakh crore, up 44% YoY
Source: livemint.com/news/may-gst-collections-at-rs-1-40-lakh-crore-up-44-yoy-11654071403393.html
The gross GST revenue collected in the month of May 2022 has come above ₹1.40 lakh crore, government data showed on Wednesday. The revenues for the month of May 2022 are 44% higher than the GST revenues in the same month last year of ₹97,821 crore, however, is down 16% from the previous month. GST collection in April had touched an all-time high of over ₹1.67 lakh crore.
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- 31 May 2022 12:00 PM
SGST revenue growth slows: study
In a setback for states, the state goods and services tax (SGST) has grown at a slower rate between 2017-18 and 2020-21 compared to growth in the preceding four years for taxes subsumed in GST, before the new indirect tax regime was introduced, a study by India Ratings showed.
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- 31 May 2022 12:37 PM
An easier GST registration norm likely for online sellers
Small online sellers may soon be exempted from having to register for services tax (GST), a government official aware of the discussions said, marking a structural shift in India’s five-year-old indirect tax regime.
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