News Muncher - searching for igst

1 day, 19 hours ago

Arunachal committed to support GST reforms for economic growth: Deputy CM

Arunachal Pradesh Deputy Chief Minister Chowna Mein stated that the government is committed to support GST reforms for fostering economic growth and ease of compliance for all stakeholders in the State. Speaking at the 55th GST Council meeting at Jaisalmer in Rajasthan on Saturday, Mr. Mein, who also holds the Finance portfolio, said that the state government remained dedicated to …

Support Economic Growth State Meeting Gst Gst Council Mein

2 days, 12 hours ago

GST council meeting: What gets cheaper & dearer - from popcorn to EV sale

Live Mint

GST Council Meeting: Finance Minister Nirmala Sitharaman-led goods and services tax Council Meeting on Saturday, December 21, decided to levy an 18 per cent GST on margin value on sale of used electric vehicles by businesses and clarified on the taxability of popcorn, saying caramel popcorn will continue to attract tax at the rate of 18 per cent. The GST …

Finance Insurance Tax Health Insurance Council Cent Rate

2 days, 20 hours ago

Mistake Committed By Assessee Was Inadvertent & Technical; No Wrongful Availment Of ITC: Kerala High Court Quashes Demand Order

Live Law

The Kerala High Court while quashing the demand order stated that there has been no wrong availment of credit, and that the only mistake committed by the assessee was an inadvertent and technical one, where he had omitted to mention the IGST figures separately in Form GSTR 3B. Jayakumar observed that “……The mistake was also insignificant because it is not …

Credit Form Mistake Assessee Igst Gstr Sgst

2 weeks ago

Centre Shares Rs 6.42 Lakh Cr GST with States Till November

Deccan Chronicle

Chennai: The Centre has paid a total of Rs 6.42 lakh crore to states till November as their share of GST collections along with the compensation cess. The gross GST collections till November stood at Rs 14.56 lakh crore. At the end of November, the gross GST collected by the Centre stood at Rs 14.56 lakh crore. Of the gross …

States Crore Centre Lakh Collected Gst Gross

3 weeks, 1 day ago

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more

Live Mint

From increase in GST collection to Andhra govt dissolving Waqf board to killing of 7 Maoists to Donald Trump picking loyalist Kash Patel as his new FBI director, here are today's top stories. GST collection for November rises by 8.5% to ₹ 1.82 lakh crore The goods and service tax collection for the month of November rose 8.5 per cent …

Delhi Maharashtra Maoists Donald Trump Crore Fbi Gst

3 weeks, 1 day ago

GST mopup surges 8.5 per cent to 1.82 lakh crore in November

Deccan Chronicle

New Delhi: India's gross goods and service tax or GST mopup surged by 8.5 per cent to over Rs 1.82 lakh crore in November on year-on-year basis as compared to Rs 1.68 lakh crore in the same month last year. As per the data released by the finance ministry, the total gross GST revenue grew 8.5 per cent to over …

Crore Cent Lakh Gst

GST collection reports 8.5 per cent growth to Rs 1.82 lakh cr in November

India TV News

The gross Goods and Services Tax collections rose 8.5 per cent to over Rs 1.82 lakh crore in November on higher revenues from domestic transactions. The statement released by the government said the total gross Goods and Services Tax revenue grew 8.5 per cent to over Rs 1.82 lakh crore in November as compared to Rs 1.68 lakh crore in …

Crore Cent Lakh Gst Collection Gst Collections Services Tax

1 month ago

Exporter Can't Be Denied Interest On Refund U/S 56 Of CGST Act For Period Of Delay Attributable To Revenue Dept: Bombay High Court

Live Law

The Bombay High Court recently clarified that an exporter is entitled to interest u/s 56 of the CGST Act for the period starting from the expiry of 60 days from the date of filing the shipping bill up to the date of grant of refund, although during the interregnum, the exporter's name was red flagged on the Customs' portal. The …

High Court Delay Period Date Bench Grant Refund

3 months, 2 weeks ago

Petrol And Diesel In The GST Conundrum: Unravelling The Test Of Cooperative Federalism

Live Law

The inclusion of petrol and diesel under the GST ambit has sparked a significant debate, primarily revolving around the principles of cooperative federalism. Current Taxation Regime on Petrol & Diesel With the introduction of GST in 2017, subsuming an array of Central and state-level Indirect taxes on all goods and services, only two categories of goods were carved out to …

India Tax States Federalism Union Revenue Cooperative

4 months, 2 weeks ago

Infosys gets ₹3,898 crore partial GST tax relief for FY 2017-18 out of the ₹32,403 crore tax notice for 2017-22

Hindustan Times

Infosys Ltd has been given a tax relief of ₹3,898 crore for the financial year 2017-18, the IT major wrote in a company filing to the exchanges on Saturday. Infosys Ltd has been given a tax relief of ₹ 3,898 crore for the financial year 2017-18 “The Company had received and responded to a pre-show cause notice issued by DGGI …

Tax Notice Crore Infosys Partial Gst

6 months ago

Regularisation Of Non-Levy Or Short Levy Of GST: 53rd GST Council Meeting

Live Law

The 53rd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. The council proposed the insertion of Section 11A in CGST Act for granting power not to recover duties not levied or short-levitated as a result of general practice under GST Acts.The GST Council recommended inserting a new Section 11A in CGST Act. The …

Council Act Gst Council Cgst Igst Cgst Act 53Rd Gst

7 months, 3 weeks ago

GST collection in Odisha hits record high in April

New Indian Express

BHUBANESWAR: Gross GST collection in Odisha hit a record high in April with an overall tax revenue of Rs 5,902.25 crore registering a growth rate of 17.21 per cent against the national average of 13 per cent. The gross GST collection including CGST, SGST, IGST and Cess, was Rs 5,035.74 crore in Odisha in April last year. Odisha has also …

Odisha Crore Gst Collection Igst State Gst Gst Collection

7 months, 3 weeks ago

CESTAT Cases Monthly Round Up: April 2024

Live Law

Service Tax Payable On Income Received By Smaaash From Bowling Alley Would Be Covered Under Amusement Facility: CESTAT Case Title: M/s Smaaash Leisure Limited Versus Commissioner of Central Goods & Service Tax, New Delhi The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal has held that the income received by the Smaaash from bowling alley would be covered …

Tax Customs Title Service Commissioner Bench Versus

8 months, 1 week ago

Delhi High Court Grants Relief Of As Low As 5% IGST On Import Of Dialysis Machines By FMC India

Live Law

The Delhi High Court has granted relief of as low as 5% Integrated Goods and Service Tax on the import of dialysis machines by Fresenius Medical Care India Private Limited.The bench of Justice Sanjeev Sachdeva and Justice Ravinder Dudeja has observed that dialysis machines covered under HSN Code 9018 and 9031 are liable to be taxed at 5%, essentially awarding …

India Tax Delhi High Court Machines Import Igst Dialysis

8 months, 4 weeks ago

Telangana’s GST Revenue Sees 18% Growth in 2024

Deccan Chronicle

Hyderabad: Collections in the commercial tax department have increased in the state owing to a slew of steps taken by the department. In this milieu, among the bigger states Telangana’s GST revenue grew from Rs.4,424 crore in 2023 to Rs.5,211 crore in 2024. The 18 per cent increase is the second best among southern states after Karnataka’s 19 per cent. …

Telangana Revenue Way Cent Gst Tax Department Gst Revenue

9 months, 1 week ago

Maharashtra, Karnataka, UP lead in GST cess collections

Live Mint

New Delhi: Maharashtra, Karnataka, Uttar Pradesh, Odisha and Tamil Nadu are leading in collecting Goods and Services Tax cess levied mainly on sale of cars, helping the Centre pay off the market loans taken to give liquidity to states during the pandemic, showed data available from the GST Council for this fiscal up to January 2024. Largest state economy Maharashtra …

Karnataka Tamil Nadu Uttar Pradesh Maharashtra Gujarat State Crore

9 months, 2 weeks ago

Delhi High Court Directs GST Dept. To Pay 6% Interest For Delayed IGST Refund

Live Law

The Delhi High Court has directed the GST department to pay 6% interest on delayed IGST refund.The bench of Justice Sanjeev Sachdeva and Justice Ravinder Dudeja has observed that Section 56 of the CGST/DGST Act deals with the interest on delayed refunds. The Delhi High Court has directed the GST department to pay 6% interest on delayed IGST refund. It …

Customs Delhi High Court Pay Interest Payment Date Gst

9 months, 3 weeks ago

Gujarat High Court Directs Authorities To Follow Court Orders In IGST Refund Case

Live Law

The Gujarat High Court, in its decision on a special civil application, while emphasising the binding nature of its directions on respondent-authorities, stated that once the Court issues directions, they hold authority over the respondent-authorities, and consequently, the respondent-authorities are obligated to adhere to the directions issued by the Court when exercising their powers under Article 226 of the Constitution …

India Court Order Interest Prince Authorities This Court

9 months, 3 weeks ago

GST collections up 12.54% in February 2024

The Hindu

India’s gross revenues from the Goods and Services Tax grew at a three-month high pace of 12.54% in February to cross ₹1.68 lakh crore, marking the fourth-highest monthly collections from the tax. February’s GST revenue growth reflected the third highest uptick in 2023-24 and lifted the total collections so far this year to ₹18.4 lakh crore, 11.7% above the same …

States Crore Ministry Cgst Collections Gst Revenues

10 months, 2 weeks ago

CM Siddaramaiah invites Sitharaman, Pralhad Joshi, other leaders elected from Karnataka to join 'Chalo Delhi' protest

Hindustan Times

Karnataka Chief Minister Siddaramaiah on Tuesday invited several senior leaders elected from Karnataka including Union Finance Minister Nirmala Sitharaman and Pralhad Joshi to join the Congress party's ‘Chalo Delhi’ protest in Delhi's Jantar Mantar today against the Centre over reduced tax devolution to the state. READ | CM Siddaramaiah, DCM DK Shivakumar arrive in Delhi, gear up to protest against …

Karnataka Delhi Tax Devolution Protest State Joshi Sitharaman

10 months, 3 weeks ago

Madras High Court Weekly Round-Up: January 22 - January 28, 2024

Live Law

Citations: 2024 LiveLaw 33 To 2024 LiveLaw 44 NOMINAL INDEX R Sasikala Devi v The AAO/ Assistance Secretary and others, 2024 LiveLaw 33 L Ganapathy v The Assistant Commissioner of Police, 2024 LiveLaw 34 CA V Venkata Sivakumar v The Insolvency and Bankruptcy Board of India and Others, 2024 LiveLaw 35 R. Ochappan vs. Keerthana, 2024 LiveLaw 36 C Ve. …

Tamil Nadu Court Hindi Ipc High Dmk Mad

10 months, 3 weeks ago

IGST Refund Claim May Be Made Before Expiry Of 2 Years From Date Of Export Of Goods: Madras High Court

Live Law

The Madras High Court has held that an IGST refund claim may be made before the expiry of two years from the relevant date. The bench of Justice Senthilkumar Ramamoorthy has observed that since the refund claim pertains to exports made between July 2017 and November 2017 and the refund application was filed on January 9, 2019, it is clear …

2018 Period Date Export Goods Claim Two Years

10 months, 4 weeks ago

Budget 2024: From CTT to GST issue, here are commodity market demands

Live Mint

Budget 2024 Expectations: The commodity markets have emerged as a robust exchange to manage the risk associated with the trading of commodities in India. The commodity market experts have outlined six pre-budget expectations including the reduction or abolishment of CTT, GST issues, adequate infrastructure for farmers, allowing commercial banks to trade commodities, and opening of the commodities market to NRIs. …

India Markets Market Budget Indian Commodity Price

11 months, 3 weeks ago

GST revenue growth dips to a 3-month low in December

The Hindu

India’s Goods and Services Tax revenues crossed ₹1,64,800 crore in December 2023, with year-on-year growth slowing to a three-month low of 10.3% from a 15.1% rise in the previous month. December’s GST kitty, for transactions undertaken in November 2023, is about 1.8% lower than the nearly ₹1.68 lakh crore collected a month earlier, which marked the third highest monthly receipts …

Growth States Month Crore Ministry Lakh Low

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Search results for igst

Arunachal committed to support GST reforms for economic growth: Deputy CM

GST council meeting: What gets cheaper & dearer - from popcorn to EV sale

Mistake Committed By Assessee Was Inadvertent & Technical; No Wrongful Availment Of ITC: Kerala High Court Quashes Demand Order

Centre Shares Rs 6.42 Lakh Cr GST with States Till November

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more

GST mopup surges 8.5 per cent to 1.82 lakh crore in November

GST collection reports 8.5 per cent growth to Rs 1.82 lakh cr in November

Exporter Can't Be Denied Interest On Refund U/S 56 Of CGST Act For Period Of Delay Attributable To Revenue Dept: Bombay High Court

Petrol And Diesel In The GST Conundrum: Unravelling The Test Of Cooperative Federalism

Infosys gets ₹3,898 crore partial GST tax relief for FY 2017-18 out of the ₹32,403 crore tax notice for 2017-22

Regularisation Of Non-Levy Or Short Levy Of GST: 53rd GST Council Meeting

GST collection in Odisha hits record high in April

CESTAT Cases Monthly Round Up: April 2024

Delhi High Court Grants Relief Of As Low As 5% IGST On Import Of Dialysis Machines By FMC India

Telangana’s GST Revenue Sees 18% Growth in 2024

Maharashtra, Karnataka, UP lead in GST cess collections

Delhi High Court Directs GST Dept. To Pay 6% Interest For Delayed IGST Refund

Gujarat High Court Directs Authorities To Follow Court Orders In IGST Refund Case

GST collections up 12.54% in February 2024

CM Siddaramaiah invites Sitharaman, Pralhad Joshi, other leaders elected from Karnataka to join 'Chalo Delhi' protest

Madras High Court Weekly Round-Up: January 22 - January 28, 2024

IGST Refund Claim May Be Made Before Expiry Of 2 Years From Date Of Export Of Goods: Madras High Court

Budget 2024: From CTT to GST issue, here are commodity market demands

GST revenue growth dips to a 3-month low in December