Law amendments approved by GST Council to be incorporated in the Finance Bill: CBIC ChiefCBIC Chairman Sanjay Kumar Agarwal announced that decisions from the recent GST Council meeting, such as an amnesty scheme for initial GST ...
FM tables CGST Second Amendment Bill in Lok SabhaThe amendment was proposed after the approval of the GST council in its 52nd meeting on October 7. In October the centre had notified the d...
Maharashtra: Senior official of Chinese smartphone maker held for ITC fraud of Rs 19 croreManager of Finance and Accounts division of Oppo Mobiles India Private Limited, Mahendra Kumar Rawat, was arrested in Bhiwandi town and lat...
GST collections grow 15 pc to Rs 1.49 lakh cr in DecemberThe gross GST revenue collected during December 2022 is Rs 1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs 33,357 crore, IGST ...
Govt collects Rs 1.33 lakh crore GST in February, cess collection crosses Rs 10,000 cr for first timeThis is the fifth time that the GST collection has crossed the Rs 1.3 lakh crore mark. The GST cess collection crossed the Rs 10,000 crore ...
GST: Imposition of new ITC restrictions every year is diluting ease of doing businessAt the inception of GST, the availment of ITC was envisaged as a two-way communication whereby the supplier would upload the supply invoice...
Here's how to spot a fake GST billBusinesses which have not yet received their final GSTIN must use the provisional number to issue invoices and file returns.
GST issue sorted out for tea auctionThe billing issue relating to imposition of GST at the auction houses has been sorted out, said secretary of Calcutta Tea Traders Associati...
Lok Sabha takes up GST Bill today: 10 factsThe Cabinet chaired by PM Modi approved the Central Goods and Services Tax Bill 2017 (The CGST Bill), the Integrated Goods and Services Tax...
J&K will have to pass special laws to make GST applicableThis is because Article 370 of the Constitution grants special autonomous status to the state and Parliament of India has power to make law...
Government may table GST Bills in Parliament tomorrowThe Business Advisory Committee of the Lok Sabha is likely to meet tomorrow to decide on the duration of discussion on the Bills, the sourc...
Union Cabinet approves draft GST bills, to be introduced in Parliament soonGST, India's biggest-ever tax reform, is expected to boost growth by about 0.5 percentage points, raise revenue and cut compliance cost for...
GST impact on inflation to be less than 20 bps: NomuraAccording to the Japanese financial services major, the GST council is making steady progress and is expected to be implemented in the July...
GST Council to finalise supplementary legislations tomorrowThe Council meeting is scheduled for two days -- March 4 and 5 -- but it may not stretch beyond tomorrow if all issues get resolved.
Centre mulls 'advancing' Winter session for early GST roll outThe Winter session of Parliament is generally convened in the third or fourth week of November. The government, however, is looking to star...
Government drafting model legislations for GST implementation: CBECThe CGST would be a Central law, the states would have to pass the their own legislation which will based on the model legislation.
Centre against low GST threshold; wants a fresh lookThe GST Constitutional Amendment Bill, which was introduced in 2011, had lapsed and the NDA will be required to come up with a fresh bill.