Top cryptocurrency service providers raided for massive GST evasion
New Delhi: After the massive GST evasion by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence (DGGI) has launched a crackdown on Cryptocurrency exchanges active in the country, media report said.
Centre's GST collection in December declines marginally to Rs 1,29,780 crore
New Delhi: The gross GST collection in December touched Rs 1,29,780 crore, asper data released by the Ministry of Finance on Saturday.
GST council meeting defers rate hike on textiles amid opposition from states, industry
New Delhi/IBNS: The GST council meeting chaired by finance minister Nirmala Sitharaman Friday decided to defer the rate of hike on Textiles from 5 percent to 12 percent till the next meeting in February, media reports said.
Last date of filing GST annual returns for 2020-21 extended
New Delhi/IBNS: The government has extended the deadline til February 28 for filing the GST annual returns for 2020-21 fiscal ended March 2021.
GST issue: Amit Mitra says hike will lead to loss of 15 million jobs
Kolkata: Former West Bengal finance minister Amit Mitra on Sunday said the proposed hike of Goods and Service Tax (GST) on textile products from five to 12 per cent would lead to loss of 15 million jobs and closure of one lakh units.
GST can't be imposed on petrol, diesel in pandemic time: Govt
New Delhi/IBNS: Petrol, diesel and ATF cannot be included under GST until India overcomes the COVID-19 pandemic, the 45th GST Council has decided.
Rs.1,31,526 crore gross GST revenue collected in November
New Delhi: The goods and services tax (GST) collection rose by 25 percent year-on-year to Rs 1,31,526 crore in November on the back of improved compliance and economic activities picking pace.
Centre mulls over change in tax laws to tax cryptocurrency gains in India
Mumbai/IBNS: The Centre is mulling on bringing changes under the tax laws to tax gains from cryptocurrency in the southeast Asian nation.
India's August GST collection rises 30 pc YoY to Rs 1.12 lakh cr on economic recovery
New Delhi/UNI: Gross GST collection in the month of August 2021 rose 30 per year year-on-year to Rs 1.12 lakh crore reflecting fast economic recovery.
RBL Bank empanelled as 'Agency Bank' to RBI
Mumbai/UNI: RBL Bank, formerly known as Ratnakar Bank, on Wednesday said that it has been empanelled by the Reserve Bank of India (RBI) as an 'Agency Bank' to conduct banking business for the Central and State Governments.
GST collection for June drops to Rs. 92849 crore
New Delhi: The gross GST revenue collected in the month of June’ 2021 is Rs. 92,849 crore of which CGST is Rs. 16,424 crore, SGST is Rs. 20,397, IGST is Rs. 49,079 crore (including Rs. 25,762 crore collected on import of goods) and Cess is Rs. 6,949 crore (including Rs. 809 crore collected on import of goods).
GST Council reduces tax on equipment, meds to fight Covid19
New Delhi/IBNS: The Goods and Services Tax Council Saturday slashed taxes on medicines, medical equipment needed in hospitals and other items used to fight Covid-19.
Rs 1.02 lakh cr GST collected in May: Govt
New Delhi: The government on Saturday informed that a total of Rs 1,02,709 crore was collected in the form of Goods and Services Tax in the month of May, 2021.
GST Council meet on May 28; likely to discuss States' Covid-related demands
New Delhi/UNI: The Goods and Services Tax Council will meet on May 28 after a gap of seven months amid calls from States for policy measures related to COVID-19 pandemic.
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman has emphasised that a minimum 5 per cent tax on vaccines and 12 per cent tax on medicines and oxygen concentrators is necessary to keep their prices low while replying to West Bengal Chief Minister.