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.
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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.
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.
Thu, May 09, 2019
Seeking to end the confusion about the new GST slabs for the real estate sector, the Finance Ministry has come out with answers to Frequently Asked Questions (FAQ), clarifying 41 issues.
Sun, May 05, 2019
GST crackdown on tax evasion: By September this year, all invoices for business-to-business sales by entities beyond a specified turnover threshold will be generated on a centralised government portal
Wed, May 01, 2019
Goods and Services Tax (GST) collection rose 10.05 per cent to Rs 1,13,865 crore in April from a year-ago period.
Mon, Apr 29, 2019
Complaints of consumers about non-filing of returns by the entities which are charging Goods and Services Tax (GST) are being forwarded on a real-time basis to the tax department for further action.
Wed, Apr 24, 2019
As per a Central Board of Indirect Taxes and Customs (CBIC) notification, composition scheme taxpayers will now file GSTR-4 annually by April 30 for the previous financial year ending March 31.
The Goods and Services Tax Network (GSTN) has put in place the IT system so that businesses which have not filed tax returns for the stipulated period would be barred from generating e-way bills.
Wed, Apr 17, 2019
GST Practitioners Exam 2019: The Registration Portal for the exam scheduled on 14.06.2019 will be activated on 21st May, 2019 and will remain open up to 4th June, 2019.
Fri, Apr 12, 2019
Directorate General of Analytics & Risk Management ( DGARM ) is the apex body of under CBIC.
Sun, Apr 07, 2019
Service providers can opt for GST composition scheme by April 30: CBIC
Goods and Services Tax Network (GSTN), the company which handles the technology backbone for GST, has started sharing details of e-way bills vis-a-vis taxes paid to help tax officers identify any discrepancy, sources added.
Tue, Apr 02, 2019
The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification giving real estate companies a one-time option to choose either of the tax rates.
Fri, Mar 29, 2019
Rejection of GST registration means suspension of business activity, as no commercial activity could be performed by an entity that is falling under the GST threshold but is still not registered.
Tue, Mar 19, 2019
The Council had in its last meeting on February 24, slashed tax rates for under-construction flats in affordable category to 1 per cent. GST rate on other categories was reduced to 5 per cent, effective April 1.
Wed, Mar 13, 2019
Sources said ONGC has told the government that it will need a SEBI approval if it has to pay a second interim dividend within a month. Also, it does not have surplus cash after payment of interim dividend and share buyback.
Tue, Mar 12, 2019
GSTN has also provided taxpayers information regarding data of Input tax credit (ITC) as claimed in their form GSTR 3B and as accrued in form GSTR 2A, based on the return uploaded by the supplier.
Tue, Feb 19, 2019
The eight-member Group of Ministers under Maharashtra Finance Minister Sudhir Mungantiwar favoured hiking GST rate on the state-organised lottery to either 18 per cent or 28 per cent. While the GST rate on state-authorised lottery would be retained at 28 per cent or brought down to 18 per cent.
Sun, Feb 17, 2019
Touted as an anti-evasion measure, the e-way bill system was rolled out on April 1, 2018, for moving goods worth over Rs 50,000 from one state to another. The same for intra or within the state movement was rolled out in a phased manner from April 15.
Thu, Feb 14, 2019
Prime Minister Narendra Modi Wednesday hard-sold his government's Budget announcements, saying they will give a fillip to the real estate sector which now has to work to improve its credibility with the masses.
Mon, Feb 11, 2019
GST Fraud: In yet another case of GST fraud, the intelligence wing of the central GST department has detected evasion of Rs 800 crore in tax and input credit through fake companies.
Fri, Feb 08, 2019
A panel of state ministers Friday favoured lowering GST on under-construction residential properties to 5 per cent, from 12 per cent currently.
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