Goods and Services Tax

Developed land sold as plots will attract GST: AAR

Developed land sold as plots will attract GST: AAR

The AAR has also concluded that sale of developed plots will be covered under the clause 'construction of a complex intended for sale to ...Read More

Goods purchased, sold overseas liable to GST in India: AAR

Goods purchased, sold overseas liable to GST in India: AAR

On an application filed by Sterlite Technologies, the Gujarat-bench of AAR has ruled that GST is payable on goods sold to customer locate...Read More

Mission Begin Again: Maharashtra govt collects Rs 791 crore as revenue from registration and stamps

Mission Begin Again: Maharashtra govt collects Rs 791 crore as revenue from registration and stamps

However, a market slump and the ongoing restrictions on movement have resulted in its collections being much lower than the approximate R...Read More

Govt releases Rs 36,400 cr as GST compensation to states for Covid-19 expenditure

Govt releases Rs 36,400 cr as GST compensation to states for Covid-19 expenditure

With this the Centre has released its entire GST compensation due to states for financial year 2019-20 and also given extra compensation ...Read More

States see sharp erosion in GST collections for April

States see sharp erosion in GST collections for April

Sources in the state government departments said that GST collections, one of the prime sources of revenue for the states, is seriously c...Read More

Budget 2020: Concerns Remain Unattended; Nothing much for apparels and textile industry

Budget 2020: Concerns Remain Unattended; Nothing much for apparels and textile industry

Mumbai: The textile industry which is reeling under a crisis from last few years was expecting major announcements especially with regard...Read More

GST has resulted in efficiency gains in transport: FM Sitharaman

GST has resulted in efficiency gains in transport: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Saturday hailed the Goods and Services Tax (GST), saying that the new tax regime has re...Read More

GST dues could trigger Maha-Centre stand-off

GST dues could trigger Maha-Centre stand-off

Mumbai: The Shiv Sena on Saturday warned that if the Modi government fails to pay the Goods and Services Tax (GST) compensation, it could...Read More

Amid falling GST collection, tax rates may be raised next week

Amid falling GST collection, tax rates may be raised next week

The GST Council can explore possibility of merger of slabs to bring down the number of slabs to three, sources said

Govt working on more measures to revive economy: Nirmala Sitharaman

Govt working on more measures to revive economy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Saturday said the government is working on more measures to revive the sagging economy

Maharashtra: Businessman kills self after failing to pay GST

Maharashtra: Businessman kills self after failing to pay GST

Aurangabad: An entrepreneur, owning a small metal polishing unit in Waluj Industrial area, committed suicide, after failing to pay Goods ...Read More

GST collections fall 5.3% by Rs 95,380 crore in October

GST collections fall 5.3% by Rs 95,380 crore in October

New Delhi: Gross revenue on account of Goods and Services Tax (GST) totalled Rs 95,380 crore in October, 5.29 per cent lower in the year-...Read More

Mixed signals for economy

Mixed signals for economy

More bad news on the economic front. The Goods and Services Tax (GST) recorded the lowest collections in September in nineteen months. Th...Read More

Aadhaar compulsory for new dealers from January 2020

Aadhaar compulsory for new dealers from January 2020

Bengaluru: Verification of the unique identification number (Aadhaar) would be compulsory for new dealers from January 2020 to curb malpr...Read More

Parle denies job loss reports

Parle denies job loss reports

Leading biscuit maker Parle Products on Monday denied reports of 10,000 job losses due to slowing economic growth, falling demand and con...Read More

Government detects Rs 45,000 crore GST evasion in FY19: Report

Government detects Rs 45,000 crore GST evasion in FY19: Report

Gross GST collections stood at Rs 1.02 lakh crore in July, marginally up from the previous month, but now reports have surfaced saying th...Read More

7 indirect taxation-related laws being amended: Finance Minister Nirmala Sitharaman

7 indirect taxation-related laws being amended: Finance Minister Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman Thursday said seven legislations under indirect taxation are being amended to ensure great...Read More

Budget 2019: Roadmap to USD 5 trillion economy

Budget 2019: Roadmap to USD 5 trillion economy

Economic Survey predicts 7 % growth, but 8% growth is needed to touch $5 trillion threshold in 5 years.

Rs 112 billion evasion under GST

Rs 112 billion evasion under GST

New Delhi: The indirect tax department has identified evasions of a whopping 112.51 billion rupees under the goods and services tax regim...Read More

'Kachori wala' with annual turnover of Rs 60 lakhs

'Kachori wala' with annual turnover of Rs 60 lakhs

A notice has now been issued to Kachori wala because he has not registered his shop under GST and does not pay any taxes

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