GST News

Government celebrates 1st GST Day

Government celebrates 1st GST Day; Finance Minister and Industry Stalwarts commemorate the first year of the unprecedented reform of Indian taxationIndirect Tax collections increase by 11.9%; 1.5% increase expected in the Non oil category, post GST r

Petrol, Diesel not to be brought under GST: Sushil Modi

When being asked about the tentative time of bringing Petrol under the new GST regime, the Goods and Service tax council member and Bihar Dy. Chief Minister Sushil Kumar Modi ruled its possibility out in the near future.While addressing the PHD Chamb

GST Council to Meet On 21st July

The 28th meeting of the GST Council will be held in New Delhi on Saturday, the 21st of July, 2018 from 11:00 hours.Prior to that, a preparatory meeting of officers will be held in New Delhi on Friday, the 20th of July, 2018 from 10:00 hours.

28th GST council meeting will be held on 19th July

28th GST Council meeting to be covened through Video Conferencing on 19th July 2018 (Thursday).

GST fraud involving fake invoices of 43 crore unearthed

Rs 6087 crore IGST refund sanctioned in the 2nd special refund fortnight

Total GST refund disposed till 16th June, 2018 stands at Rs 41,548 crore ; Rs.6,087 crore IGST refund sanctioned in the 2nd Special Refund Fortnight extended from 31st May, 2018 to 16th June, 2018.In line with the commitment of Government to liquidat

Amendment in IT Rule 10CB in respect of computation of interest income

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 20th June, 2018Amendment in Rule 10CB of IT Rules, 1962 in respect of computation ofinterest income pursuant to secondary adjustment u/s 92CE of IT Ac

Process adopted for Refund of IGST paid on export of goods

Process Adopted for Refund of IGST Paid on Export of Goods and Facility to Track Transmission of Invoice Data to ICEGATE: How to correctly file Invoice date details in Table 6A of Form GSTR-1

GST lead to formalisation of economy says Govt

Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently, information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections. In the past, the Centre

Change of email and mobile number under GST system

Complaints are being received from taxpayers that the intermediaries who were authorized by them to apply for registration on their behalf had used their own email and mobile number during the process. They are now not sharing the user credentials wi