GST News

GoM on GST rate rationalisation to meet on June 17

16 June 2022 at 08:46

The panel of ministers on GST rate rationalisation is scheduled to meet on June 17 to discuss possible tweaking in tax rates, sources said.

Posted in GST | 3735 Views

GST department arrests construction firm director, looks for two others in Rs 50 crore fraud

16 June 2022 at 08:46

The director of Jaatvedas Construction Company Private Limited, Hitesh Amrutlal Patel (42), was arrested by the Maharashtra Goods and Services Tax (GST) Department on Tuesday under a special operation carried out against tax-evading firms.

Posted in GST | 6273 Views

GST Officer from Rajasthan arrested for allegedly taking bribe

15 June 2022 at 08:39

The Rajasthan Anti-Corruption Bureau on Tuesday arrested a Central Goods and Services Tax (CGST) officer in Bharatpur district with bribe money of ₹ 4 lakh

Posted in GST | 1 comments | 5424 Views

Amit Mitra urges FM Sitharaman to extend GST compensation from 3 to 5 years

14 June 2022 at 08:45

Former West Bengal Finance Minister Amit Mitra has written a letter to Union Finance Minister Nirmala Sitharaman urging her to continue to provide GST compensation to the States for the next three to five years beyond June 2022.

Posted in GST | 1 comments | 3894 Views

CBIC Chairman: GST council will decide on compensation cess

13 June 2022 at 08:53

The GST council will take a decision on the demand by Goa and other smaller states on continuing with compensation cess, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said.

Posted in GST | 1530 Views

CBIC chairman: GST council need to bring petroleum products under the ambit of GST

12 June 2022 at 09:13

CBIC chairman Vivek Johri on Saturday added that there's a need for the GST council to deliberate bringing petroleum products under the ambit of GST.

Posted in GST | 3453 Views

FM Nirmala Sitharaman to inaugurate National Museum of Customs and GST in Goa

11 June 2022 at 08:47

Smt. Nirmala Sitharaman would be dedicating to the nation 'Dharohar' – the National Museum of Customs and GST in Panaji, Goa on Saturday, as part of the Azadi Ka Amrit Mahotsav Iconic Week celebration of the Ministry of Finance.

Posted in GST | 1431 Views

GST to help revenue boost beyond budget estimates: Revenue Secretary Bajaj

10 June 2022 at 14:21

Even as the government takes a hit on revenue due to the recent excise and custom duty cuts on fuel and certain commodities, going by the preliminary indicators, revenue receipts in FY’2022-23 may exceed the budget estimates on strong Goods and

Posted in GST | 1674 Views

GST on EV batteries could be reduced

10 June 2022 at 10:41

To give a boost to green mobility plans, Indian government may cut the GST on lithium-ion batteries and bring them on par with taxes on electric vehicles (EVs).Discussions have already begun on how to proceed with the plan, which is a crucial step in

Posted in GST | 3384 Views

GST, IBC reforms to push growth after current challenges dissipate, says Chief Economic Advisor

09 June 2022 at 10:27

In his address during the AKAM celebrations, Chief Economic Advisor Dr Anantha V. Nageswaran said that the structural reforms of this Government, such as the GST and the IBC will manifest their advantages and potential in the coming decade

Posted in GST | 1599 Views