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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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GST on Homes: GoM for 5% tax on under-construction property, 3% on affordable housing

GST on Homes: GoM for 5% tax on under-construction property, 3% on affordable housing

Fri, Feb 08, 2019

GST on Homes: The Group of Ministers (GoM) has cleared a proposal to reduce GST on under-construction residential properties to 5%, from the current 12 percent, Zee Business TV reports.

GST throws a challenge to CAG, says Rajiv Mehrishi

GST throws a challenge to CAG, says Rajiv Mehrishi

Tue, Feb 05, 2019

GST is a challenge. For that this institution (CAG) has risen very very well. It is a challenge since huge numbers are to be worked, said CAG Rajiv Mehrishi.

GST revised: New exemption, composition scheme turnover limits for service providers, practitioners' exam date - Details here

GST revised: New exemption, composition scheme turnover limits for service providers, practitioners' exam date - Details here

Fri, Jan 11, 2019

The GST Council in its 32nd Meeting on Thursday took several decisions to benefit small and medium traders.

GST Council Meeting Updates: Exemption limit hiked for small traders; More details here

GST Council Meeting Updates: Exemption limit hiked for small traders; More details here

Thu, Jan 10, 2019

GST council meeting: The Goods and Services Tax Council met today to discuss lowering GST on under-construction flats and houses to 5 per cent, as well as hiking exemption threshold for small and medium enterprises.

GST Council meeting on Jan 10, may discuss lowering tax on under-construction flats

GST Council meeting on Jan 10, may discuss lowering tax on under-construction flats

Wed, Jan 02, 2019

Currently, the Goods and Services Tax (GST) is levied at 12 per cent on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.

Right Governance Mechanism can drive economic growth in India: Harsh Mariwala, Marico Limited

Right Governance Mechanism can drive economic growth in India: Harsh Mariwala, Marico Limited

Mon, Dec 31, 2018

Harsh Mariwala, Chairman, Marico Limited, speaks about his hopes from 2019, the impact of GST reduction on business, the contribution of the rural and urban region in his business among others during an exclusive interview with Zee Business.

GST 2019 Bonanza: These services to become tax-free from January 1; Save money, pay less on many items

GST 2019 Bonanza: These services to become tax-free from January 1; Save money, pay less on many items

Sun, Dec 30, 2018

GST 2019: After the December 22 meeting of GST Council, the government has started preparing notifications to give relief to traders and the common man.

New Year Pain: Watching Kaun Banega Crorepati, Saregama, Saas-Bahu, Naagin, others to cost more

New Year Pain: Watching Kaun Banega Crorepati, Saregama, Saas-Bahu, Naagin, others to cost more

Sun, Dec 30, 2018

As per the new rules, people will have to now pay even for watching free-to-air channels. The new rules will come into effect from February 1.

Service sector gets GST relief through composition scheme

Service sector gets GST relief through composition scheme

Fri, Dec 28, 2018

This segment of Zee Business brings to you latest updates. Service sector gets GST relief through composition scheme. Watch this video to know more.

Year Ender 2018: Real estate recovers from double blow of GST, demonetisation

Year Ender 2018: Real estate recovers from double blow of GST, demonetisation

Wed, Dec 26, 2018

The year turned out to be an eventful one for the Indian real estate marked by the improvement in sales and its return to stability after the double blow of GST and demonetisation.

What will stabilise GST system? Find out here in brief

What will stabilise GST system? Find out here in brief

Mon, Dec 24, 2018

The Goods and Services Tax (GST) Council in its 31st meeting on Saturday reduced the tax rates of 17 items and six services, including computer monitors, TV screens, video games, lithium-ion power banks, retreaded tyres, wheelchairs and cinema tickets.

Explained: GST revised rates - Benefits for common man, traders, annual return filing changes and more

Explained: GST revised rates - Benefits for common man, traders, annual return filing changes and more

Sun, Dec 23, 2018

GST revised rates December 2018: The GST council on Saturday annuounced tax cuts on a number of items. The tax cuts are being seen as attempt to further stabilize and strengthen the tax regime.

Alert! For SBI, HDFC Bank, ICICI, BoB, PNB, Canara, other lenders: This service gets tax-free, this not

Alert! For SBI, HDFC Bank, ICICI, BoB, PNB, Canara, other lenders: This service gets tax-free, this not

Sun, Dec 23, 2018

The GST council on Friday turned santa ahead of the Christmas, reducing tax rates on 23 goods and services.

GST on recycled construction waste products to be reduced to 5 per cent

GST on recycled construction waste products to be reduced to 5 per cent

Wed, Dec 19, 2018

In a bid to promote reuse of debris generated by the construction industry, the government will soon reduce the Goods and Services Tax (GST) on products made from recycled demolition waste to five per cent.

GST evasion of Rs 12,766 cr detected in April-November

GST evasion of Rs 12,766 cr detected in April-November

Wed, Dec 19, 2018

A total of 3,196 cases of Goods and Services Tax (GST) evasion amounting to Rs 12,766 crore have come to light in the first eight months of the current financial year, the Ministry of Finance said on Tuesday.

Goods and Services Tax (GST) rate on cement, these items to change! Details here

Goods and Services Tax (GST) rate on cement, these items to change! Details here

Wed, Dec 19, 2018

GST rates change plan: Ahead of the new year, the goods and services tax on 25-50 items is set to be reduced in the next few days

1,300 dealers may face action for not filing GST returns

1,300 dealers may face action for not filing GST returns

Tue, Dec 18, 2018

The Jammu and Kashmir state tax department is contemplating a special drive against 1,300 dealers who failed to file their Goods and Service Tax returns since the new law came into force in July last year.

GST Council may look to rationalise 28% slab; taxes on cement may be cut

GST Council may look to rationalise 28% slab; taxes on cement may be cut

Fri, Dec 14, 2018

In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from GST. The 2018-19 budget had estimated annual GST collection at Rs 13.48 lakh crore, which means a monthly target of Rs 1.12 lakh crore.

Surprise! New GST Return System ready; Good news for traders, Modi govt may do this before 2019 polls

Surprise! New GST Return System ready; Good news for traders, Modi govt may do this before 2019 polls

Mon, Dec 03, 2018

New GST Return System: The government of India led by Prime Minister Narendra Modi is ready with a new GST return system.

After GDP fall, GST collections drop to Rs 97,637 crore in November

After GDP fall, GST collections drop to Rs 97,637 crore in November

Sat, Dec 01, 2018

Goods and Services (GST) collection in November dropped to Rs 97,637 crore, lower than Rs 1 lakh crore collected previous month.

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