GST returns with new features to be launched next month
Good and Services Tax (GST) assessees in the country, numbering 1.2 crore, will have an improved form to file returns…
Category: News
₹ 87,422 crore gross GST revenue collected in July 2020
The gross GST revenue collected in the month of July 2020 is ₹ 87,422 crore of which CGST is ₹…
Import of TV sets put in Restricted List: Can now be made only under license from DGFT
In exercise of powers conferred by Section 3 of FT(D&R) Act,1992 read with paragraph 1.02 and 2.01 of the Foreign…
GST Compensation cess collection falls 42% short in FY20
Compensation for last fiscal paid to States using previous years’ balance of cess The Centre made up a 42% shortfall…
DGGI books three firms for over Rs 600 crore GST evasion
The case was detected and developed by the officers on further data analytics out of a case booked against one…
Centre releases Rs 13,806 crore GST compensation to states for March,2020
The total amount of compensation released for 2019-20 is Rs 1,65,302 crore whereas the amount of cess collected during the…
GST Rates can be reduced further as Tax Base increases: Finance Secretary
“Once the tax base increases and if we are able to enforce our tax laws and everyone pays taxes properly,…
New proposed GST return system to be scrapped- Existing system to be modified and improved
The Central Government plans to improve the existing GST return filing system instead of rolling out a new model. The…
States may press for 5 Year extension for GST Compensation, Centre to discuss alternative compensation mechanisms in next GST Council meeting
Witnessing a sharp decline in the GST revenue due to the pandemic and the following lockdown and disruptions in economic…
Highlights of Statistical Report issued by GSTN on completion of 3 years of GST implementation
The Goods and Service Tax Network (GSTN) has released a Statistical Report on Completion of 3 years of GST. Contents…
GST rate shocker on sanitisers in the shocking times of COVID-19
Entire World including India is currently grappling with COVID-19 pandemic. During our fight with this deadly virus and to prevent…
News report of merger of two Boards of Revenue factually incorrect: Press Release
As per the press release dated 06th July, 2020 Government has stated that there is no proposal to merge two…