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.
Read MoreA 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
Read MoreThe 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
Read MoreJoin 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.
Read MoreA 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.
Read MoreIn 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.
Read MoreThe 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.
Read MoreThe 50th GST Council meeting is scheduled to take place on 11 July. Six years ago, the Modi government rolled out the biggest indirect tax reform in India. A nationwide GST, which subsumed 17 local levies like excise duty, service tax, and VAT, and 13 cesses, was rolled out at the stroke of midnight on July 1, 2017. The members of the Council, the apex decision-making body with regard to policy making and GST rate decisions, include finance ministers from all states and UTs, besides the Minister of State in the Union Finance Ministry.
Read MoreIn the ongoing drive against fake registration, GST officers tracked 12,000 bogus entities across India. To curb rampant fraud cases, CBIC is planning to implement pan-India biometric authentication and geo-tagging of GST registered firms
Read MoreThe 50th GST Council meeting will be held on 11 July in New Delhi. The council is expected to discuss measures to tighten tax evasion and fraud, the GoM report on online gaming, and the establishment of GST Appellate Tribunals
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