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Goods and Services tax

GST collection grows 9% to Rs 1.87 lakh crore in October

GST collection grows 9% to Rs 1.87 lakh crore in October

Sat, Nov 02, 2024

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions.

GSTN to launch invoice management system from October 1

GSTN to launch invoice management system from October 1

Tue, Sep 03, 2024

In an advisory to Goods and Services Tax (GST) payers, GSTN said to enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the IMS is being launched.

Government rolling out pan-India biometric authentication to prevent GST fraud

Government rolling out pan-India biometric authentication to prevent GST fraud

Sat, Jun 22, 2024

Two pilot projects for biometric authentication have already been carried out successfully and now the facility will be rolled out nationwide in a phased manner, the Finance Minister said at a press conference.

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One year of GST: Has this regime brought ‘ache din’ to taxpayers?

One year of GST: Has this regime brought ‘ache din’ to taxpayers?

Sun, Jul 01, 2018

One year of GST: This regime replaced multi-layered, complex indirect tax structure with a simple, transparent and technology-driven tax regime.

One year of GST: Tax revenue falls short of FY18 target; will FY19 be better?

One year of GST: Tax revenue falls short of FY18 target; will FY19 be better?

Sun, Jul 01, 2018

One year of GST: The goods and services tax (GST) has wrought major changes in India, but it needs to also note the revenue generated from this regime fell short of government’s FY18 target as well.

One year of GST: Check ModiSpeak

One year of GST: Check ModiSpeak

Sun, Jul 01, 2018

One year of GST: Prime Minister Narendra Modi today hailed the Goods and Services Tax (GST) as it has changed the Indian economy and impacted the public in many positive ways. Here is what PM Modi said:

One year of GST: FinMin pays tribute to spirit of cooperative federalism, declares July 1 as 'GST Day'

One year of GST: FinMin pays tribute to spirit of cooperative federalism, declares July 1 as 'GST Day'

Sun, Jul 01, 2018

One year of GST: This regime replaced multi-layered, complex indirect tax structure with a simple, transparent and technology-driven tax regime. Fittingly, it boasted a tagline - ‘One Nation, One Tax’.

One year of GST: This is what Modi govt wants you to do

One year of GST: This is what Modi govt wants you to do

Sun, Jul 01, 2018

One year of GST: The government will soon start a helpline number where consumers can complain against traders who do not issue bill on purchase of any article, Union Minister Piyush Goyal has said

One year of GST: Impact of new tax regime on macro level

One year of GST: Impact of new tax regime on macro level

Sun, Jul 01, 2018

One year of GST: The larger goal of broadening the tax base has certainly hit the right chords with the Economic Survey 2017-18 showing that there were 9.8 million new GST registrants.

One year of GST: A historic step to provide a simplified tax regime, says Yes Securities CEO

One year of GST: A historic step to provide a simplified tax regime, says Yes Securities CEO

Sun, Jul 01, 2018

One year of GST: Indian government has structured GST for efficient tax collection, reduction in corruption, easy inter-state movement of goods etc.

One year of GST: How the Indian economy's future looks like

One year of GST: How the Indian economy's future looks like

Sun, Jul 01, 2018

One year of GST: GST was launched for efficient tax collection, reduction in corruption, easy inter-state movement of goods, etc.

One year of GST: Have you claimed credit under these 12 GSTR forms?

One year of GST: Have you claimed credit under these 12 GSTR forms?

Sun, Jul 01, 2018

One year of GST: Among many fundamental features of GST, one is the seamless flow of input credit across the chain (from the manufacture of goods till it is consumed) and across the country.

One year of GST: From acceptance to tax compliance, here’s how this new tax regime fared

One year of GST: From acceptance to tax compliance, here’s how this new tax regime fared

Sun, Jul 01, 2018

They were suppose to compile to this regime which had only five tax slabs 0%, 5%, 12%, 18% and highest up to 28%.

One year of GST: Should petrol, diesel products be brought under new tax regime?

One year of GST: Should petrol, diesel products be brought under new tax regime?

Sun, Jul 01, 2018

One year of GST: The current government has exempted somewhat 8 products from GST regime including fuel products.

One year of GST: Blow by blow account of how this tax regime came into existence

One year of GST: Blow by blow account of how this tax regime came into existence

Sat, Jun 30, 2018

Almost one year has passed since the launch of Goods and Services Tax (GST). This regime is one the successful and eye catching stories of Prime Minister Narendra Modi government.

GST’s 1 year: India’s GST regime vs other countries GST

GST’s 1 year: India’s GST regime vs other countries GST

Sat, Jun 30, 2018

Concept of GST is not new to the world as nearly 160 countries as on 2016, have opted this mode for bringing individually tax rates into a single tax.

StatAttack! One year of GST: Check massive numbers; all you want to know

StatAttack! One year of GST: Check massive numbers; all you want to know

Fri, Jun 29, 2018

One year of GST: 12 months have passed and it is time to sit back and check exactly how the Goods and Services Tax (GST) has helped balloon the government's tax collection. Take a reality check here:

One year of GST: Crackdown corner

One year of GST: Crackdown corner

Fri, Jun 29, 2018

One year of GST is being celebrated with fanfare. Rightly so. It has the potential to transform India's fortune and keep it going as the fastest growing economy in the world. GST was introduced on July 1, 2017.

One year of GST: New tax regime failed to realise expected benefits; learn why

One year of GST: New tax regime failed to realise expected benefits; learn why

Fri, Jun 29, 2018

The Goods and Services Tax (GST) will complete one year in operation on June 30 and the first anniversary will be celebrated on July 1.

One year of GST: Rs 2,000 cr evasion unearthed in just 2 months

One year of GST: Rs 2,000 cr evasion unearthed in just 2 months

Fri, Jun 29, 2018

CBIC member John Joseph said alike small businesses who are making mistakes while filing GST returns, multinationals and big corporates too have slip-ups. "If you look at the way tax revenues are paid, it gives an alarming picture. We have registration of more than 1 crore businesses.

One year of GST: Traders urge FinMin to review these big problems

One year of GST: Traders urge FinMin to review these big problems

Fri, Jun 29, 2018

Asking for the refunds to be automatically credited to traders' bank accounts, it has called for one registration number for traders to be allowed across India, instead of taking registrations in every state for doing business. Further, the body suggested that the HSN Code should be made applicable only on the manufacturers and not traders. It has also appealed for assistance to traders to equip them with computers, in order to encourage e-compliance.

One year of GST: Long way to go for a simple, uniform tax regime

One year of GST: Long way to go for a simple, uniform tax regime

Thu, Jun 28, 2018

According to NITI Aayog Vice Chairman Rajiv Kumar: "GST has put the economy on a completely different paradigm now because more and more pressure will be on people to register under GST and bring their economic activity into the formal sector."

One year of GST: Number of slabs should be reduced; 28% rate should be abolished, says FICCI's Rashesh Shah

One year of GST: Number of slabs should be reduced; 28% rate should be abolished, says FICCI's Rashesh Shah

Thu, Jun 28, 2018

Rashesh Shah, President, FICCI, said that GST is the largest tax reform in the country and is working as a federal forum where the state and central government along with finance minister can sit together to make decisions on indirect taxes.

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