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  • GST collection for May at Rs 1.02 lakh crore, 27.6% lower month-on-month Jun 05, 2021 04:36 PM IST

    GST collection for May at Rs 1.02 lakh crore, 27.6% lower month-on-month

    The May GST collections saw a 27.6 per cent drop from record sum of Rs 1.41 lakh crore in April, which was the highest monthly collection since the introduction of the nationwide tax.

  • Editor's Take | GST collections grow 9% to Rs 1.03 lakh crore Jan 02, 2020 05:22 PM IST

    Editor's Take | GST collections grow 9% to Rs 1.03 lakh crore

    Moneycontrol's Sakshi Batra gets in conversation with Deputy Executive Editor Gaurav Choudhury to find out more about GST collection for December 2019.

  • Govt extends deadline for filing TDS returns for October-December to January 2019 Nov 30, 2018 04:16 PM IST

    Govt extends deadline for filing TDS returns for October-December to January 2019

    According to the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 percent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states levy 1 percent TDS under state laws.

  • GST officials arrest Navi Mumbai businessman for issuing fake invoices worth Rs 1,000 crore Oct 27, 2018 03:58 PM IST

    GST officials arrest Navi Mumbai businessman for issuing fake invoices worth Rs 1,000 crore

    The CGST officials conducted search operations at 8 premises of the accused and found that invoices were issued through shell companies without supplying any actual goods

  • Foreign e-commerce players may have to begin GST registration in all states ahead of Oct 1 deadline Sep 20, 2018 02:27 PM IST

    Foreign e-commerce players may have to begin GST registration in all states ahead of Oct 1 deadline

    Under GST, e-commerce companies such as Amazon and Flipkart needs to collect tax from those who sell goods on their website

  • TDS/TCS provisions under GST to come into effect from Oct 1 Sep 13, 2018 07:13 PM IST

    TDS/TCS provisions under GST to come into effect from Oct 1

    E-commerce companies will now be required to collect up to 1 per cent TCS while making any payment to suppliers under the Goods and Services Tax (GST).

  • Rs 43 crore GST fraud unearthed, two directors arrested Jul 07, 2018 09:35 AM IST

    Rs 43 crore GST fraud unearthed, two directors arrested

    These recipients have availed inadmissible Input Tax Credit, the sources said adding that some of these recipients were also found to be non-existent.

  • Government may seek explanations for discrepancy in Income Tax, GST returns May 08, 2018 05:44 PM IST

    Government may seek explanations for discrepancy in Income Tax, GST returns

    GSTR 9 is a return to be filed once a year by registered taxpayers under GST. It is a detailed collation of sales and purchases made during the year by a company

  • GST collections in May unlikely to touch April’s Rs 1 lakh crore level May 03, 2018 02:05 PM IST

    GST collections in May unlikely to touch April’s Rs 1 lakh crore level

    The impact of e-way bill, launched April 1, will be felt only in the coming months

  • GST mop-up for April Rs 1.03 lakh crore, says Finance Ministry May 01, 2018 12:21 PM IST

    GST mop-up for April Rs 1.03 lakh crore, says Finance Ministry

    The total number of GSTR 3B or summary returns filed up to April 30 was 60.47 lakh or 69.5 percent of the eligible filers

  • Jammu & Kashmir: Haseeb Drabu sets mid-August deadline for traders to switch to GST Jul 17, 2017 10:13 PM IST

    Jammu & Kashmir: Haseeb Drabu sets mid-August deadline for traders to switch to GST

    Jammu and Kashmir Finance Minister Haseeb Drabu on Monday set mid-August as the operational target for traders in the state to migrate to the GST as he directed the administration successfully implement the new tax regime.

  • GST rollout: Government notifies 18 sections, 2 rules Jun 20, 2017 10:10 PM IST

    GST rollout: Government notifies 18 sections, 2 rules

    All the notifications would be effective from June 22.

  • Auto makers want govt to keep GST rate on hybrids at 18% Jun 09, 2017 06:14 PM IST

    Auto makers want govt to keep GST rate on hybrids at 18%

    As per the proposed rates under the GST regime, hybrid vehicles have been put in the same category as big petrol and diesel luxury cars attracting 28 per cent rate with a cess of 15 per cent.

  • Parliament passes four bills to pave way for GST July rollout Apr 06, 2017 07:14 PM IST

    Parliament passes four bills to pave way for GST July rollout

    Parliament today passed four legislations to pave the way for roll out of the historic Goods and Services Tax (GST) from the target date of July 1

  • GST bills in RS; Oppn questions preparedness on new tax regime Apr 05, 2017 07:11 PM IST

    GST bills in RS; Oppn questions preparedness on new tax regime

    The Rajya Sabha today took up the four bills related to the GST, with the Opposition questioning the government's preparedness to implement the indirect tax regime and urging for a mechanism to insulate taxpayers from harassment by tax authorities.

  • GST Bill Debate — as it happened: 4 GST Bills get Lok Sabha nod; Jaitley optimistic of July 1 rollout Mar 29, 2017 12:29 PM IST

    GST Bill Debate — as it happened: 4 GST Bills get Lok Sabha nod; Jaitley optimistic of July 1 rollout

    The passage of the Bills marks a big step forward in India’s plans to rollout GST from July 1.

  • GST draft bills tabled in Parliament; peg peak rate at 40% Mar 27, 2017 05:53 PM IST

    GST draft bills tabled in Parliament; peg peak rate at 40%

    Finance Minister Arun Jaitley today introduced in Lok Sabha four bills on Goods and Services Tax, providing for a maximum GST rate of 40 percent, an anti- profiteering authority and arrests for evading taxes.

  • Cabinet clears 4 crucial GST bills, likely to be tabled in Parliament this week Mar 20, 2017 11:19 AM IST

    Cabinet clears 4 crucial GST bills, likely to be tabled in Parliament this week

  • July 1 now looks like realistic date for GST rollout: Deloitte Mar 04, 2017 05:47 PM IST

    July 1 now looks like realistic date for GST rollout: Deloitte

    Speaking to CNBC-TV18, MS Mani of Deloitte Haskins said that barring political contingencies, India's biggest tax reform could well be implemented on time.

  • Road to GST: Jaitley-headed council clears crucial CGST, IGST bills Mar 04, 2017 03:10 PM IST

    Road to GST: Jaitley-headed council clears crucial CGST, IGST bills

    The country's biggest tax reform moved one step closer to fruition with the GST Council broadly clearing the CGST and IGST bills.

  • Road to GST: Jaitley-headed council to approve four draft bills on Saturday Mar 03, 2017 02:48 PM IST

    Road to GST: Jaitley-headed council to approve four draft bills on Saturday

    The Council will also discuss raising the peak rate in the model GST Bill to 40 percent (20 percent central and 20 percent state). This would be only an enabling provision to ensure that Parliamentary ratification is not required if the highest rate need to be increased in the future. The effective peak rate will continue to remain at 28 percent

  • States on board for July 1 GST roll out: Shaktikanta Das Feb 28, 2017 01:41 PM IST

    States on board for July 1 GST roll out: Shaktikanta Das

    The much-awaited Goods and Services Tax (GST) is all set to be implemented by the stated deadline of July 1 as all states have agreed, reports CNBC-TV18 quoting Economic Affairs Secretary Shaktikanta Das.

  • GST Council likely to finalise draft model GST law today Feb 17, 2017 07:20 PM IST

    GST Council likely to finalise draft model GST law today

    The GST Council, which is meeting on Saturday, is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers.

  • GST: States demand extra compensation to soothe demonetisation pain Jan 03, 2017 09:37 PM IST

    GST: States demand extra compensation to soothe demonetisation pain

    States want Centre to raise compensation corpus from Rs 55,000 crore to Rs 90,000 crore; new roadblocks surface on taxation rights of goods transported through territorial waters

  • GST Council to take up dual control issue at Jan 3-4 meet Dec 23, 2016 05:38 PM IST

    GST Council to take up dual control issue at Jan 3-4 meet

    The Finance Minister, in a press conference after the meeting, said the Draft Law comprising of 197 sections and 5 schedules has been approved. The only issue left is of dual control which will be discussed at the next meet, he added.

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