Coronavirus act of God which affected GST collections: Nirmala Sitharaman
New Delhi/IBNS: Amid pressure from several states to compensate the revenue shortfall, Union Finance Minister Nirmala Sitharaman on Thursday said Novel Coronavirus is an act of God that has affected the Goods and Services Tax (GST).
New Delhi/UNI: On the occasion of the first death anniversary of former Finance Minister Arun Jaitley on Monday, the Finance Ministry highlighted 'positive changes brought forth under the Goods and Services Tax (GST) regime.'
June GST collection stands at Rs. 90,917crore
New Delhi/IBNS: The gross GST revenue collected in the month of June, 2020 is Rs. 90,917crore of which CGST is Rs. 18,980crore, SGST is Rs. 23,970crore, IGST is Rs. 40,302crore (including Rs. 15,709crore collected on import of goods) and Cess is Rs.7,665 crore (including Rs. 607crore collected on import of goods).
GST Council meet: No late fee for GST returns filing for entities with nil tax liability
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Friday chaired the crucial 40th GST Council meeting where it was announced that there will be no late fee for delayed filing of GST returns by registered entities with nil tax liability between July 2017 to January 2020.
GST collection for March 2020 stands at Rs 97,597 crore
New Delhi/IBNS: The gross GST revenue collected in the month of March, 2020 is Rs. 97,597crore of which CGST is Rs. 19,183 crore, SGST is Rs. 25,601 crore, IGST is Rs. 44,508 crore (including Rs. 18,056 crore collected on imports) and Cess is Rs. 8,306 crore (including Rs. 841 crore collected on imports), the government said in a statement today.
Coronavirus outbreak: Centre extends last date for filing GST returns till Jun 30
New Delhi/IBNS: The central government on Tuesday extended the last date for filing GST returns for the fiscal year 2018-19 till Jun 30 amid the Novel Coronavirus outbreak.
GST collections up by 8 percent in February
New Delhi/IBNS: The Indian government on Sunday said it collected Rs. 1.05 lakh crore as GST revenue in February this year, official data released showed.
K'taka GST revenue was growing at 9 pc: GST Commissionerate, Mysuru
Mysuru/UNI: The State GST revenue was growing at 9 per cent, while the growth was due to more tax compliance by the industry and any slow down in revenue collection and growth were mainly due to the growing parallel economy, said Sanjay Pant, IRS, Principal Commissioner, GST Commissionerate, Mysuru.
GST collection touches Rs. 1,10,828 crore in January
New Delhi/IBNS: The gross Goods and Services Tax (GST) collection for the month of January touched Rs. 1,10,828 crore, officials said on Saturday.
December GST revenue croses Rs 1-lakh crore mark
New York/IBNS: The gross GST (Goods and Services Tax) revenue collection for December 2019 crossed the Rs. 1-lakh crore mark, official government data released on Wednesday revealed.
What the 37th GST council means for online lotteries in India
At the 37 GST council that is taking place in Goa, the single tax rate for lottery tickets is being discussed. While tax on lottery tickets has been a state matter until now, the government is calling for a nation-wide rate.
E-Invoice to be launched from January next year : GSTN CEO Prakash Kumar
Hyderabad/UNI: Goods and Services Tax Network (GSTN) CEO, Prakash Kumar on Thursday informed that the e-invoice which is user friendly, would be launched from January next year.
GST collection touches Rs 95,380 crore in October
New Delhi/IBNS: The goods and service tax (GST) collection for the month of October stood at Rs. 95,380 crore, official data released on Friday said.
Will further simplify GST to improve India's ranking in Ease of Doing Business: Nirmala Sitharaman
New Delhi/UNI: Buoyed by India's jump of 14 places and reaching at the 63rd place on the World Bank's ease of doing business ranking, Union Finance Minister Nirmala Sitharaman on Thursday said the government will further simplify Goods and Services Tax, and expressed hope that it will help in further improving India's ranking.
Demonetisation, GST encourage digitisation: FM Nirmala Sitharaman
Dharwad, Oct 5 (UNI): Union Finance Minister Nirmala Sitharaman on Saturday said demonetisation and GST encouraged digitisation which will alternately drive the country towards open and transparent economic system.