Goods And Services Tax: Latest News and Updates, Top Stories, Videos, Photos About Goods And Services Tax

GST Conundrum: The Gangajal Tax Debate and Other Baffling Classifications

A recent controversy surrounding the taxation of 'gangajal' under the Goods and Services Tax (GST) has thrown a spotlight on the complex classification structure within the GST regime. While political parties and the Finance Ministry engage in a heated debate over ...

GST Revenue Rises To Rs 1.63 Lakh Crore In September; H1FY24 Collection At Rs 9.92 Lakh Crore

The gross revenue of goods and services tax (GST) has continued to stay over the Rs 1.6 lakh crore mark for the fourth month in a row during FY24. In September 2023, GST collection stood at Rs 1,62,712 crore, up by ...

GST Revenue In May Up 12% YoY To Rs 1.57 Lakh Crore

India's gross GST revenue collection in May stood at Rs 1,57,090 crore, a 12% increase year on year, the Ministry of Finance said on Thursday, June 01, 2023. In a press release, the Ministry of Finance said, The gross Good & ...

GST Alert! Discrepancies in GST may Cost Registration

The Central Board of Indirect Taxes and Customs (CBIC) notified the Standard Operating Procedure (SOP) for the implementation of suspension of registrations in case of discrepancies, indicating a breach of GST laws. In India, the introduction of the Goods and Services ...

GST Collection For April Hits Record High Since Roll Out

Since the rollout of the unified tax regime in July 2017, monthly gross GST collection for the April month has stood the highest at Rs 1,13,865 crore. And of the overall GST mop up during the month, CGST or central GST ...

Telecom Firms Seek Clarity On GST On Value Added Services: ASSOCHAM

As prospects for passage of the Goods and Services Tax Bill in Parliament improve, the telecom industry has impressed upon the government to come out with a clear cut position with regard to levy of taxes on Value Added Services (VAS. Even ...

What Is Sin Tax In The GST Bill?

Sin Tax is a type of tax which is levied on products like alcohol and tobacco which are usually considered bad for health. This type of tax is prevalent in many other countries to finance projects. At the moment, there are ...

Assocham Welcomes CEA-Led Committee`s Suggestions On GST Rate

Apex industry body ASSOCHAM has welcomed the report of Chief Economic Advisor (CEA) led panel recommending standard GST rate of 18 per cent and lower rate of 12 per cent on specified goods. "This rate structure is quite appropriate ...

GST: Will It Reduce Prices For The Common Man?

The Goods and Services Tax (GST) is being discussed like never before and rightly so. As hopes of the Bill's passage in the Rajya Sabha draws nearer, so does its implementation. It is being billed as a landmark tax reform since ...

Govt to resolve issues hampering GST roll out within this year

Government is aiming to resolve the issues hampering GST roll out within this year, Finance Minister Arun Jaitley informed the Lok Sabha today. "The government targets to find a solution in the course of this year and approve the legislative ...

Ficci meets Textiles Minister Santosh Gangwar on new Textiles Policy

A Ficci delegation met Textiles Minister Santosh Gangwar, seeking an early announcement of the country's new Textiles Policy that is expected to attract large-scale investments and create jobs. "We have requested the Minister to announce the new policy at the ...

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