29 Apr 2022 06:59 PM
New

‘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.

29 Apr 2022 07:44 PM
New

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

28 Apr 2022 06:30 PM
New

GST compensation of Rs7.35 trillion paid to states so far: finance ministry

Source: https://www.livemint.com/news/india/gst-compensation-of-rs7-35-trillion-paid-to-states-so-far-finance-ministry-11651089758015.html

NEW DELHI : Finance ministry said on Wednesday that the Centre has so far transferred ₹7.35 trillion to states towards goods and services tax (GST) compensation and that no amount is pending for the period upto end of FY21.

28 Apr 2022 06:36 PM

FHRAI urges GST rationalisation for hospitality industry

Source: https://www.livemint.com/news/india/fhrai-urges-gst-rationalisation-for-hospitality-industry-11651149053532.html

NEW DELHI: Citing high inflation, Federation of Hotel & Restaurant Associations of India (FHRAI) has urged the GST Council to evaluate current goods and services tax (GST) structure for the hospitality industry, seeking rationalisation of rates.

28 Apr 2022 06:47 PM

Co-conspirator in a Fake ITC Claim of Rs. 11.07 Cr arrested

Source: https://taxguru.in/goods-and-service-tax/co-conspirator-fake-itc-claim-rs-11-07-cr-arrested.html

CGST Commissionerate Mumbai South Arrests Co-conspirator in a Fake Input Tax Credit Claim of Rs. 11.07 Cr; Proprietor arrested earlier

27 Apr 2022 06:01 PM

GST rate hike: Finance Ministry says no feedback sought from states on this

Source: https://www.livemint.com/news/india/gst-rate-hike-finance-ministry-says-no-feedback-sought-from-states-on-this-11650933828838.html

The finance ministry has clarified that no feedback has been sought from states on the GST rates for specific items or regarding proposals to restructure the rates.

27 Apr 2022 06:15 PM

Report on raising GST Rates on 143 items is misleading

Source: https://taxguru.in/goods-and-service-tax/report-raising-gst-rates-143-items-misleading.html

It has been noted that a section of the media has reported that feedback has been sought from States regarding a suggestion for raising Good & Services Tax (GST) rates on 143 items.

27 Apr 2022 06:19 PM

User Manual for filing ‘Kerala Flood Cess Annual Return’

Source: https://taxguru.in/goods-and-service-tax/user-manual-filing-kerala-flood-cess-annual-return.html

File No.CT/10077/2019-GSTINFO1

User Manual for Kerala Flood Cess (KFC) Annual Return

25 Apr 2022 05:54 PM

GST Council has not sought states' views on hiking tax rates: Report

Source: https://www.livemint.com/news/india/gst-council-has-not-sought-states-views-on-hiking-tax-rates-report-11650794562796.html

They said that the panel of ministers looking into GST rate rationalisation is yet to submit its report to the GST Council.

Stating that views have not been sought from states on hiking rates on 143 items, sources said, there is also no proposal to shift more than half of items to the highest tax GST slab of 28 per cent.

25 Apr 2022 06:09 PM

CBI Arrests GST Superintendent In A Bribery Case

Source: https://taxguru.in/goods-and-service-tax/cbi-arrests-gst-superintendent-bribery-case.html

The Central Bureau of Investigation has arrested a Superintendent, Central GST-1, Baramati, Pune (Maharashtra) for demanding & accepting bribe of Rs.10,000/- from the Complainant. A case was registered against Superintendent, Central GST-1, Baramati, Pune on a complaint.