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Goods and Services tax

GST collections in December increase 7.1% to Rs 1.76 lakh crore

GST collections in December increase 7.1% to Rs 1.76 lakh crore

Wed, Jan 01, 2025

During the financial year 2023-24, the total gross GST collection was recorded at Rs 20.18 lakh crore, with an 11.7 per cent increase compared to the previous fiscal year.

States not in favour of bringing ATF under GST, says finance minister

States not in favour of bringing ATF under GST, says finance minister

Sat, Dec 21, 2024

Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax.

GST collection grows 9% to Rs 1.87 lakh crore in October

GST collection grows 9% to Rs 1.87 lakh crore in October

Sat, Nov 02, 2024

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions.

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GST Council Meeting LIVE: Nirmala Sitharaman present; BIG DECISIONS may be taken - Check LATEST UPDATES

GST Council Meeting LIVE: Nirmala Sitharaman present; BIG DECISIONS may be taken - Check LATEST UPDATES

Fri, Sep 20, 2019

GST Council Meeting LIVE UPDATES: Goods and Services Tax (GST) Council meeting is underway in Goa's Panaji.

GSTR-9 Filing: Here is why you may receive demand notice from Income-Tax dept

GSTR-9 Filing: Here is why you may receive demand notice from Income-Tax dept

Wed, Sep 18, 2019

The financial year 2017-18 will be the first tax period for which this return is to be filed, and several taxpayers are facing various issues with the reporting and reconciliation of data in the GSTR-9 return.

GST rate on automobiles: Nitin Gadkari says FinMin in consultation with states

GST rate on automobiles: Nitin Gadkari says FinMin in consultation with states

Wed, Sep 11, 2019

Nitin Gadkari said the Centre is in consultation with the state governments and will take a call on whether or not to reduce GST rate on automobiles.

Lottery news: No more tax on prize money? See what other demands have been raised

Lottery news: No more tax on prize money? See what other demands have been raised

Thu, Sep 05, 2019

Lottery news: Currently, a 12% GST is levied on state lotteries sold within a state, while those sold outside that state have to pay 28%.

Auto sector seeks financial package from government; suggests GST rate cut on cars, easy finance

Auto sector seeks financial package from government; suggests GST rate cut on cars, easy finance

Wed, Aug 07, 2019

R.C. Bhargava, Chairman of largest carmaker Maruti Suzuki, said that industry had put forward the situation as government wanted to understand what is happening.

GST Council meet: Rates on electric vehicles slashed to 5%

GST Council meet: Rates on electric vehicles slashed to 5%

Sat, Jul 27, 2019

In a welcome move for e-vehicles manufacturing industry in India, a decision is taken in the 36th GST Council meeting to reduce Goods and Services Tax (GST) rates on electrical vehicles (EV) from 12 percent to 5 percent. Watch this video to know more.

GST Council meeting: Rates on electric vehicles can be slashed to 5%

GST Council meeting: Rates on electric vehicles can be slashed to 5%

Sat, Jul 27, 2019

In a welcome move for the e-vehicles manufacturing industry in India, a decision can be taken in the 36th GST Council meeting to reduce Goods and Services Tax (GST) rates on electrical vehicles (EV) from 12 percent to 5 percent. Watch this video to know more.

GST Council Meeting Today: Check latest GST rates on Electrical vehicles, EV chargers, new GST laws

GST Council Meeting Today: Check latest GST rates on Electrical vehicles, EV chargers, new GST laws

Sat, Jul 27, 2019

GST Council Meeting July 2019: The Finance Ministry today said that GST Council has decided to reduce GST rate on Electrical Vehicles from 12% to 5% and on EV Chargers from 18% to 5% from 1st August 2019.

GST council meeting today: Cars, power to lotteries, here is how it may impact you

GST council meeting today: Cars, power to lotteries, here is how it may impact you

Thu, Jul 25, 2019

GST council meeting today: The 36th meeting of the Goods and Services Tax (GST) Council led by Finance Minister Nirmala Sitharaman is set to be held today. Notably, for citizens, there may be some big takeaways. Under focus is a decision on lowering tax rates for electric vehicles and this may well change the way everyone drives.

RWA maintenance charge alert! Staying in flat? These residents should be ready to pay more

RWA maintenance charge alert! Staying in flat? These residents should be ready to pay more

Tue, Jul 23, 2019

Are you staying in a flat? Paying monthly maintenance charges or monthly contribution or monthly subscription of over Rs 7,500 to Resident Welfare Association (RWA)? Then it's certainly a big blow to the flat owners and residents.

Big impetus! How Modi 2.0's clarity on GST, RERA revived NRIs' interest in Indian realty

Big impetus! How Modi 2.0's clarity on GST, RERA revived NRIs' interest in Indian realty

Thu, Jul 11, 2019

On increased transparency and clarity post implementation of RERA and GST, the NRIs have started to show interest in investing in Indian real estate.

GST completes two years! Here's a look at key advantages of Goods and Services Tax for you

GST completes two years! Here's a look at key advantages of Goods and Services Tax for you

Sun, Jun 30, 2019

Goods and Services Tax (GST) is completing two years. The second anniversary of GST will be celebrated on Monday with Minister of State for Finance and Corporate Affairs Anurag Thakur presiding over the event.

No more coloured tickets! All multiplex movie tickets to be electronic now

No more coloured tickets! All multiplex movie tickets to be electronic now

Sun, Jun 23, 2019

The 35th GST Council Meeting held this week decided to make e-invoicing mandatory for B2B transactions.

GST Registration Process: Hassle-free! Now, just Aadhaar is sufficient

GST Registration Process: Hassle-free! Now, just Aadhaar is sufficient

Fri, Jun 21, 2019

Want to register for GST? Now, you will only need Aadhaar! The 35th GST council meet today decided to ease the registration process for Goods and Services Tax (GST).

35th GST Council Meeting June 2019: Registration process changed; FM Nirmala Sitharaman chairs meet - Check key decisions

35th GST Council Meeting June 2019: Registration process changed; FM Nirmala Sitharaman chairs meet - Check key decisions

Fri, Jun 21, 2019

35th GST Council Meeting Updates: Union Finance Minister Nirmala Sitharaman today chaired the 35th GST Council Meeting in New Delhi.

Manual checks in IGST refunds to prevent unscrupulous exporters from defrauding exchequer: FinMin

Manual checks in IGST refunds to prevent unscrupulous exporters from defrauding exchequer: FinMin

Thu, Jun 20, 2019

According to FinMin, the new verification exercise is aimed at preventing unscrupulous exporters from defrauding the exchequer and bringing a bad name to the larger exporting community.

Tax 'bidi' also at 28 pct to 'save millions of lives': Experts urge GST Council

Tax 'bidi' also at 28 pct to 'save millions of lives': Experts urge GST Council

Wed, Jun 19, 2019

Applauding the government for including cigarettes and smokeless tobacco in the highest tax slab for its long-lasting impact on the lives of the country's 268 million tobacco users, they demanded that 'bidis' be also classified as a demerit good and taxed at the maximum rate plus cess.

GST Council to meet on June 20 amid hopes of rate cuts

GST Council to meet on June 20 amid hopes of rate cuts

Tue, Jun 11, 2019

Union Finance Minister Nirmala Sitharaman would chair the meeting for the first time with Finance Ministers of all the states in attendance.

May GST collection stays above Rs 1 lakh crore, but lower than April

May GST collection stays above Rs 1 lakh crore, but lower than April

Sat, Jun 01, 2019

The Goods and Services Tax (GST) collection for the month of May rose 6.67 per cent to Rs 1,00,289 crore from a year ago period staying above Rs 1 lakh crore in monthly revenue mop-up. The collection is, however, lower compared to April when the gross revenue had touched all time high of Rs 1,13,865 crore.

Good news for MSMEs! GST Network to provide free accounting, billing software

Good news for MSMEs! GST Network to provide free accounting, billing software

Tue, May 28, 2019

GST Network said it has started offering free accounting and billing software to MSMEs with annual turnover of up to Rs 1.5 crore, which would benefit about 80 lakh small businesses.

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