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Goods And Service Tax News


GST Revenue Hits New All-Time High In December
Goods and Service Tax (GST) collections cross Rs 1.15 lakh crore for the first time ever in the month of December, a finance ministry statement said on 1 January. The gross GST revenue collected in the month of December 2020 ...
GST Collection Rises To Rs 95,480 Crore In September
Gross GST revenue collection for the month of September rose to Rs 95,480 crore, as per a statement by the Ministry of Finance on Thursday. The statement added that the collection included Rs 17,741 crore of CGST, Rs 23,131 crore of ...
GST Revenue Collection Falls In July
On Saturday, the Ministry of Finance said that the gross GST (goods and service tax) revenue collected in July 2020 was Rs 87,422 crore, which is lower than Rs 90,917 crore collected in June Rs 1.02 lakh crore in July 2019. ...
Deadline To File GST Returns Extended; Forms Simplified
The deadline to file forms GSTR 9 (annual return) and GSTR 9C (reconciliation statement) have been extended by the government to 31 December 2019 for the financial year 2017-18 and to 31 March 2020 for FY 2018-19. The Central Board ...
No Immediate Levy of GST on Petrol, Diesel: FM
Finance Minister Arun Jaitley said that Goods and Service Tax (GST) is ruled out from immediate levy as most states are not in favouring of including petrol and diesel in the new indirect tax system. When GST was rolled out on ...
Panel Recommends Changes in GST Composite Scheme
The committee appointed by Government of India has recommended against including all services except for restaurants under the composite scheme of GST (Good and Services Tax), reported PTI. The law-review committee comprising of 10 members from the Centre as well as ...
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