Jun 05, 2021 04:36 PM IST
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.
- Jan 02, 2020 05:22 PM IST
Moneycontrol's Sakshi Batra gets in conversation with Deputy Executive Editor Gaurav Choudhury to find out more about GST collection for December 2019.
- Nov 30, 2018 04:16 PM IST
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.
- Oct 27, 2018 03:58 PM IST
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
- Sep 20, 2018 02:27 PM IST
Under GST, e-commerce companies such as Amazon and Flipkart needs to collect tax from those who sell goods on their website
- Sep 13, 2018 07:13 PM IST
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).
- Jul 07, 2018 09:35 AM IST
These recipients have availed inadmissible Input Tax Credit, the sources said adding that some of these recipients were also found to be non-existent.
- May 08, 2018 05:44 PM IST
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
- May 03, 2018 02:05 PM IST
The impact of e-way bill, launched April 1, will be felt only in the coming months
- May 01, 2018 12:21 PM IST
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
- Jul 17, 2017 10:13 PM IST
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.
- Jun 20, 2017 10:10 PM IST
All the notifications would be effective from June 22.
- Jun 09, 2017 06:14 PM IST
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.
- Apr 06, 2017 07:14 PM IST
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
- Apr 05, 2017 07:11 PM IST
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.
- Mar 29, 2017 12:29 PM IST
The passage of the Bills marks a big step forward in India’s plans to rollout GST from July 1.
- Mar 27, 2017 05:53 PM IST
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.
- Mar 20, 2017 11:19 AM IST
- Mar 04, 2017 05:47 PM IST
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.
- Mar 04, 2017 03:10 PM IST
The country's biggest tax reform moved one step closer to fruition with the GST Council broadly clearing the CGST and IGST bills.
- Mar 03, 2017 02:48 PM IST
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
- Feb 28, 2017 01:41 PM IST
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.
- Feb 17, 2017 07:20 PM IST
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.
- Jan 03, 2017 09:37 PM IST
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
- Dec 23, 2016 05:38 PM IST
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.