Piyush Goyal thanks PM for deferring GST Rate increase for Textiles sector
  • 05 Jan 2022 06:44 PM
  • New

Piyush Goyal thanks PM for deferring GST Rate increase for Textiles sector

Source: https://taxguru.in/goods-and-service-tax/piyush-goyal-thanks-pm-deferring-gst-rate-increase-textiles-sector.html

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

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Memorandum against allowing credit in GSTR 3B only as appears in GSTR 2B
  • 04 Jan 2022 07:00 PM
  • New

Memorandum against allowing credit in GSTR 3B only as appears in GSTR 2B

Source: 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

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Consumer Welfare Fund made available to Board under Rule 97(7A) of CGST Rules, 2017
  • 04 Jan 2022 07:08 PM

Consumer Welfare Fund made available to Board under Rule 97(7A) of CGST Rules, 2017

Source: 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)

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GST Commissionerate detects Rs 40.5 crores GST evasion by Wazir X
  • 03 Jan 2022 06:05 PM
Rs 1,29,780 crore gross GST Revenue collection for December 2021
  • 03 Jan 2022 06:13 PM

Rs 1,29,780 crore gross GST Revenue collection for December 2021

Source: https://taxguru.in/goods-and-service-tax/rs-129780-crore-gross-gst-revenue-collection-december-2021.html

Rs 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).

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Rs 1,29,780 crore gross GST Revenue collection for December 2021
  • 03 Jan 2022 06:34 PM

Rs 1,29,780 crore gross GST Revenue collection for December 2021

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).

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GST: From rate rationalisation to reduction in compliance burden, what to expect from indirect taxes in 2022
  • 31 Dec 2021 07:31 PM

GST: From rate rationalisation to reduction in compliance burden, what to expect from indirect taxes in 2022

Source: https://economictimes.indiatimes.com/small-biz/gst/gst-from-rate-rationalisation-to-reduction-in-compliance-burden-what-to-expect-from-indirect-taxes-in-2022/articleshow/88605813.cms

The 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.

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GST council decides to not to increase GST Rate on Textile & Maintain Status Quo
  • 31 Dec 2021 07:37 PM

GST council decides to not to increase GST Rate on Textile & Maintain Status Quo

Source: https://taxguru.in/goods-and-service-tax/gst-council-decides-increase-gst-rate-textile-maintain-status-quo.html

46th 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.

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PVR increases movie ticket prices by 50% in Telangana
  • 30 Dec 2021 06:51 PM

PVR increases movie ticket prices by 50% in Telangana

Source: https://www.livemint.com/companies/news/pvr-increases-movie-ticket-prices-by-50-in-telangana-11640789885819.html

Currently, 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.

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