- 02 Mar 2023 05:57 PM
- New
Issues pertaining to uploading of orders in respect of TRAN-1 / TRAN-2
Kind reference is invited to the issues faced by the jurisdictional field officers in uploading orders in respect of new TRAN-1 / TRAN-2. In this regard, a meeting was held by the Pr. ADG, DGS, Chennai with the CEO, GSTN today (28/02/2023).
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- 01 Mar 2023 05:10 PM
- New
GST revised rates on pencil, jaggery to be effective from today
In the last GST Council meeting, held in February, the finance ministry made several announcements. The centre revised GST rates on several items, including stationary and exam institutions. The Council then said that the revised GST rates would be implemented on 1 March.
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- 01 Mar 2023 05:16 PM
- New
February GST collections up 12% YoY to ₹1.49 lakh crore
The monthly GST revenues remained over ₹1.4 lakh crore for 12 straight months in a row, said the Finance Ministry in a statement on Wednesday.
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- 01 Mar 2023 05:21 PM
GST collection rise 12% to ₹1.49 trillion in February
The gross GST revenue collected in the month of February 2023 is ₹1,49,577 crore of which CGST is ₹27,662 crore, SGST is ₹34,915 crore, IGST is ₹75,069 crore
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- 23 Feb 2023 05:01 PM
A taxing question India can’t resolve: What’s an SUV?
Source: https://www.livemint.com/news/india/why-taxing-suvs-has-become-a-vexing-matter-11677089667059.html
India doesn’t quite know how to define a Sports Utility Vehicle (SUV) and that has led to confusion on how to tax them. Nearly six years after the GST was implemented, the Centre is now looking at plugging loopholes to prevent any ‘unintended tax evasion’. Mint explains.
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- 20 Feb 2023 05:57 PM
GST Council Meeting: See how industry reacts on compensation clearance, rate cut
Sitharaman said the entire pending balance of the GST compensation cess -- a total of ₹16,982 crore -- will be cleared and "although this amount is not available with the compensation fund as of today, we have decided to release from our own resources and the same amount will be recouped from the future compensation cess collection".
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- 20 Feb 2023 06:05 PM
GST Council clears setting up tribunals, ad valorem cess on pan masala
Goods and Services Tax (GST) Council on Saturday decided to set up appellate tribunals to resolve GST disputes, tighten the tax regime of pan masala, gutka and chewing tobacco to check tax evasion and reduce the late fee on annual return filings to small businesses, finance minister Nirmala Sitharaman, who chairs the Council, told reporters after the 49th meeting of the federal indirect tax body.
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- 20 Feb 2023 06:08 PM
GST Council cuts tax on jaggery; rationalises late fee on delayed annual returns
GST Council, the apex decision-making authority, on Saturday reduced the tax rate on several items, including 'rab' (liquid jagger) and pencil sharpeners, besides rationalising late fee for the delayed filing of annual returns.
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- 20 Feb 2023 06:16 PM
Full list of items to be costlier and cheaper after GST Council meet
Union Finance Minister Nirmala Sitharman announced key decisions related to GST Tribunal formation and tax cuts in the GST Council on Saturday. Know the full list of items that will be costlier and cheaper after GST Council meet
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- 20 Feb 2023 06:20 PM
India has no reason at all to help Pakistan in its crisis
Pakistan is currently in the deepest economic crisis in its history. Many essential food items are now unaffordable for large swathes of the country’s population. It desperately needs a few billion dollars to tide over the next few months, but the International Monetary Fund (IMF) is playing hardball. Islamabad seems to have accepted all the short-term conditions set by the IMF for writing out a cheque, but this will cause even more pain for the people of Pakistan before the disease subsides.
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