- 07 Jul 2023 05:41 PM
- New
GST Council to weigh tax cuts on select items
Source: https://www.livemint.com/economy/gst-council-to-weigh-tax-cuts-on-select-items-11688667034370.html
A committee of officers that reviews proposals for tax rate changes, called the fitment committee, has recommended lowering the GST rates on unfried snack pellets to 5% from 18%
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- 07 Jul 2023 05:38 PM
- New
Goods transit strong despite June decline
Source: https://www.livemint.com/economy/goods-transit-strong-despite-june-decline-11688663742387.html
Data from Goods and Services Tax Network which processes GST returns, showed that 56 million permits were raised for intra-state movement and 30 million permits for inter-state goods movement in June, against 56.7 million intra-state and 31.5 million inter-state e-way bills raised in May.
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- 06 Jul 2023 05:40 PM
- New
GST Council may define MUVs and XUVs for levy of 22% cess: Report
The Fitment Committee recommended to the GST Council to define MUVs and XUVs at par with the sports utility vehicles (SUVs) for GST
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- 06 Jul 2023 05:35 PM
‘Delhi’s first quarter GST collection increases by 15% from last year’, says CM Arvind Kejriwal
Delhi's first quarter GST collection has increased by 15% from last year, according to Chief Minister Arvind Kejriwal. He stated that this increase will allow for the construction of more schools, hospitals, and infrastructure in the city.
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- 06 Jul 2023 05:31 PM
More GST related data may be made public: GSTN
A committee is deliberating on placing more data in the public domain which will provide more insights on geography and industry specific information based on GST data
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- 06 Jul 2023 05:26 PM
Relieve GST of its warps to regain its reform credentials
The great tax simplifier has not met its promise so far. GST has spurred formalization and scored its ‘one market’ goal, but it awaits a major reset to prove itself historic as a reform
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- 04 Jul 2023 06:44 PM
Celebrating 6th GST Day: A Milestone in India’s Economic Progress
The Ministry of Finance celebrated the 6th Goods and Services Tax (GST) Day at New Delhi, commemorating six years since the implementation of GST in India. The event was presided over by Union Finance Minister Smt. Nirmala Sitharaman, who emphasized the importance of GST in driving economic progress, promoting cooperative federalism, and acknowledging the vital role of taxpayers. The celebration also recognized the contributions of officers and compliant taxpayers to the success of GST.
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- 04 Jul 2023 06:32 PM
Chennai man caught in ₹176 crore tax fraud while trying to flee country: Report
A 34-year-old mastermind from Chennai was arrested in Bengaluru for a fake input tax credit racket, causing government a loss of ₹176 crore. The racket involved 59 companies passing on input tax credit worth ₹175.88 crore.
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- 04 Jul 2023 06:36 PM
CBIC waives annual return filing in Form GSTr-9 for turnover up to ₹2 crore
In a tweet, CBIC also announced that the requirement of filing reconciliation statement in Form GSTr-9C by taxpayers with annual turnover up to ₹5 crore has also been waived.
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- 04 Jul 2023 06:47 PM
Join 10 days Online Advanced GST Certificate Course from 10th July 2
Join the 10-day Advanced GST Certificate Course (Virtual) from 10th July 2023 to 21st July 2023 and enhance your expertise in Goods and Services Tax (GST). Organized by ACAE in association with AIFTP, IDTPF, STAR and Taxguru, this course is designed to provide comprehensive knowledge and insights into the intricate aspects of GST and allied laws.
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