Shri Piyush Goyal thanks the Prime Minister for the decision to defer the increase of GST slab from 5% to 12% for Textiles sector while addressing All India Textiles Association
Read MoreThane CGST Commissionerate busts Rs. 22 crores fake GST Input Tax Credit racket
Read MoreSource: https://taxguru.in/goods-and-service-tax/credit-gstr-3b-appears-gstr-2b.html
Ahilya Chamber of Commerce & Industry has made a representation to Finance minister and bring to her attention Problems That Taxpayer May Face Due To Recently introduced amendment allowing credit in GSTR 3B only if the same appears in GSTR 2B and due to Visit by GST authorities and attachment of Bank Accounts/Property
Read MoreSource: https://taxguru.in/goods-and-service-tax/consumer-welfare-fund-board-rule-97-7a-cgst-rules-2017.html
Consumer Welfare Fund made available to Board under Rule 97(7A) of the CGST Rules, 2017
(Management & Administration)
Mumbai GST Commissionerate detects Rs 40.5 crores GST evasion by Cryptocurrency Exchange Wazir X
Read MoreRs 1,29,780 crore gross GST Revenue collection for December 2021
The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crore collected on import of goods) and cess is Rs 9,389 crore (including Rs 614 crore collected on import of goods).
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1786774
The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crore collected on import of goods) and cess is Rs 9,389 crore (including Rs 614 crore collected on import of goods).
Read MoreThe Government has made many changes with respect to self-certification of audit reports, creating a compliance driven process through interplay of GST returns, e-way bills and the e-invoicing system.
Read More46th GST Council Meeting was a brief meeting with only one agenda which was triggered by a letter written to Union Finance Minister Smt. Nirmala Sitharaman by FM of Gujarat requesting reconsideration of Sep 2021 GST Council decision of Increase in GST for Textile Sector from 5 to 12% wef 01.01.2022.
Read MoreCurrently, movie tickets for mainstream seats attract a price of ₹150, which will be raised ₹250 + GST, while the recliner seats will be charged ₹300 + GST as against ₹250 currently.
Read More