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Higher Q1 Tax Mop-Up Shows Economy on Recovery Path: Government

Increased tax collection in the first quarter this fiscal shows that the economy is on the recovery path, Minister of State for Finance Pankaj Chaudhary said on Tuesday. Net direct tax collection in the April-June quarter of the current fiscal is ...

Marginal Scheme Of GST Applies On Purchase Of Old Gold Jewellery: Know All

Often we engage in the resell of refurbished goods and on the same GST applies again that results in double taxation. This incident of double taxation is prevented through the provision of GST known as ‘Margin Scheme'. Herein in case of ...

GST Revenue Collection Slips Below Rs 1 Lakh Crore In June 2021

GST collections slipped below Rs. 1 lakh crore in June 2021, after being above Rs. 1 lakh crore for eight months in a row. The GST collection for June 2021 is for commercial transactions that took place in May 2021. Due ...

Gst Revenue Collection Slips Below Rs 1 Lakh In June 2021 First Time In Eight Months

Household Debt Jumps To 37.3 Per Cent Of GDP In FY21: Report

Household debt has sharply jumped to 37.3 per cent of the GDP in the pandemic year from 32.5 per cent in FY20, says a report, confirming the deeper financial impact of COVID-19. It also warned that the ratio may rise further ...

After Four Years Of GST, Developers Call For Some Waivers

It has been four years since GST was introduced in the real estate sector; the Government's move provided relief from multiple taxes. Another relief was when GST on affordable housing was brought down from 8 per cent to 1 per cent ...

Types Of Gst In India When Igst Sgst Cgst Utgst Are Applicable

Types of GST in India: IGST, SGST, CGST & UTGST Explained

GST is regarded as India's most significant indirect tax reform. The GST Bill's principal goal is to create a single tax system that applies from the manufacturing stage to the delivery of products or services to the final consumer. It's a ...

Increased GST Mop-Up Should Now Be Considered The "New Normal": FM

Finance Minister Nirmala Sitharaman on Thursday said taxpayer base has almost doubled to 1.28 crore in four years of rollout of the historic tax reform and the enhanced GST mop up in the recent months should now be the "new normal". ...

How To Register Complaint On Misuse of PAN In GST Registration?

The Goods and Services Tax Network has finally brought the feature of ‘registering complaints regarding misuse of PAN in GST Registration'. Consequently, it shall check the misuse of PAN, grab the fraudsters and assist the officials in conducting an enquiry and ...

Fm Roll Out Facility Of Filing Nil Gst Return By Sms

FM Rolls Out Facility Of Filing NIL GST Return By SMS

On June 30, 2021, Finance Minister Nirmala Sitharaman has rolled out a facility using which GST taxpayers can file GST returns via SMS from their registered mobile number. The FM on her official twitter handle tweeted, "In these 4 ...

GST Reduced Tax Rate, Over 66 Cr Returns Filed in 4 Years: FinMin

With Goods and Services Tax regime completing four years, the Finance Ministry on Wednesday said more than 66 crore GST returns have been filed so far and lower tax rates have helped increased compliance. A nationwide GST, which subsumed 17 local ...

Gst Decreased Tax Rate Enhanced Compliance Over 66 Cr Returns Filed In 4 Years Finmin

Price List Of Covid Essentials Such As Oxygen Sanitizer Covid Kit After Gst Reduction

Tax Cut On Covid Essentials; Check GST Rates On Covid Essentials After Reduction

The 44th GST Council convened through video conferencing today under the chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The GST rates on the listed commodities used in Covid-19 relief and management have been reduced by the Council ...

44th GST Council Meet: Covid Testing Kits, Hand Sanitizer GST Rates To Be Cut

The 44th GST Council, which met under the Finance Minister Nirmala Sitharaman through video conferencing has reduced the GST rates on the specified items being used in Covid-19 relief and management till 30th September, 2021. The meeting was also attended ...