GST Registration Deadline Extended Till April 30, 2017
7 years, 11 months ago

GST Registration Deadline Extended Till April 30, 2017

Live Law  

The deadline for Goods and Service Tax registration has been extended till April 30, 2017. Previously the deadline for migrating to GST was March 31, 2017GST is targeted to rollout by July 1, 2017 and will be game changing reform for the Indian economy and will reduce the cascading effect of tax on goods and service. Previously the deadline for migrating to GST was March 31, 2017 GST is targeted to rollout by July 1, 2017 and will be game changing reform for the Indian economy and will reduce the cascading effect of tax on goods and service. Recently, Lok Sabha has approved the Central GST Bill, 2017; the Integrated GST Bill, 2017; the GST Bill, 2017; the Union Territory GST Bill, 2017.

Tax Service Gst Goods Deadline 30 2017  till  extended  deadline  gst  service  registration  30  2017  bill  migrating  tax  goods

History of this topic

GST rate cut soon, tax review in final stages, says FM Nirmala Sitharaman
2 weeks, 1 day ago

GST rate cut soon, tax review in final stages, says FM Nirmala Sitharaman

Live Mint  

Goods and Services Tax Council is in the final stages of reviewing GST structure and a reduction of the levy would happen soon, union finance minister Nirmala Sitharaman, who chairs the Federal indirect tax body said on Saturday. Speaking at the Economics Times Awards for Corporate Excellence in Mumbai, Sitharaman said that the ministerial group set up by the GST …

GST Filing Deadline Extended by 2 Days Due to Technical Issues
2 months, 1 week ago

GST Filing Deadline Extended by 2 Days Due to Technical Issues

Deccan Chronicle  

New Delhi: The government on Friday extended the deadline for filing monthly goods and services tax or GST sales return form GSTR-1 and GST payment by 2 days after taxpayers reported technical glitches in the GSTN system. As per a notification by the Central Board of Indirect Taxes and Customs, the last date for filing GSTR-1 for December is January …

GST return filing and payment deadline extended by two days after technical snag hits GSTN system
2 months, 1 week ago

GST return filing and payment deadline extended by two days after technical snag hits GSTN system

Live Mint  

GST return filing: The government on Friday, January 10, extended the deadline for filing monthly GST sales return form GSTR-1 and GST payment by two days after taxpayers reported technical glitches in the GST Network system. GST return filing deadline extended amid technical snag Normally, the last date for filing GSTR-1 for monthly return filers is January 11, 2025, while …

GST filing deadline extension under consideration after online portal's brief outage
2 months, 1 week ago

GST filing deadline extension under consideration after online portal's brief outage

Hindustan Times  

The Central Board of Indirect Taxes and Customs may consider giving an extension for filing Goods and Services Tax after the online portal was temporarily down on Friday, January 10, 2025. The GSTN added that the portal can be expected to be operational by 12:00 noon and that the CBIC is being sent an incident report to consider extension in …

GST filing delayed as portal glitches persist. Deadline extension expected
2 months, 2 weeks ago

GST filing delayed as portal glitches persist. Deadline extension expected

India Today  

Businesses across India face a potential delay in filing their GSTR-1 returns as the Goods and Services Tax Network portal encounters technical difficulties. Thank you for your understanding and patience!” TECHNICAL ISSUES DISRUPT FILING PROCESS The GSTN portal, essential for filing GST returns, has been under maintenance due to technical glitches. While the system is expected to be operational by …

Facing issues with GST portal? Govt likely to extend filing deadline for taxpayers
2 months, 2 weeks ago

Facing issues with GST portal? Govt likely to extend filing deadline for taxpayers

India TV News  

The Goods and Services Tax Network has identified major technical glitches with the GST portal, leading to discussions on a possible extension of GSTR-1 filing. Impact of GSTR-1 filing deadlines The last date for filing GSTR-1 for the December 2024 tax period is February 11, 2025, for regular taxpayers and February 13, 2025, for the Quarterly Return Monthly Payment scheme, …

GST rate hike claims are ‘premature, speculative’
3 months, 2 weeks ago

GST rate hike claims are ‘premature, speculative’

The Hindu  

The Central Board of Indirect Taxes and Customs on Tuesday dismissed reports indicating significant indirect tax rate changes and hikes on the Goods and Services Tax rates of various goods and services, as “premature and speculative”, and stressed that a ministerial group tasked with rationalising the multiple GST rates is yet to finalise its recommendations. While the GST Council, which …

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more
3 months, 3 weeks 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 …

Patna High Court Dismisses Plea Challenging Notifications Extending Timeline For Issuance Of Orders U/S 73(10) Of CGST Act
3 months, 3 weeks ago

Patna High Court Dismisses Plea Challenging Notifications Extending Timeline For Issuance Of Orders U/S 73(10) Of CGST Act

Live Law  

The Patna High Court has rejected a petition challenging Notifications extending timeline for issuance of Orders under Section 73 of the GST Act. The three-year period under Section 73 of GST Act hence commences from such dates and would have normally expired respectively on 07.02.2023, 31.12.2023 and 31.03.2024. Likewise, for the financial year 2019- 20 the extended due date of …

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely
4 months ago

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely

ABP News  

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for December 21 in Jaisalmer, Rajasthan. The council, comprising state finance ministers, is expected to deliberate on major tax policy changes, including a decision on exempting or reducing GST rates on health and life insurance policies. Following discussions last month, the GoM has proposed …

GST Council to meet in Jaisalmer on Dec 21; may decide on insurance levy, rate rationalisation
4 months ago

GST Council to meet in Jaisalmer on Dec 21; may decide on insurance levy, rate rationalisation

Deccan Chronicle  

New Delhi: The GST Council will meet on December 21 in Jaisalmer, in which the much-awaited decision on exemption or lower GST rate on health and life insurance is likely to be taken. The council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, may also take up some rate rationalisation exercise and reduce tax rates on …

GST: Infosys, foreign airlines, shipping lines may see relief as concerns rise for ‘ease of doing business’, says report
7 months ago

GST: Infosys, foreign airlines, shipping lines may see relief as concerns rise for ‘ease of doing business’, says report

Live Mint  

The Centre is likely to give some GST relief to corporates, including IT major Infosys, foreign airlines and foreign shipping lines, amid growing concerns over ease of doing business, CNBC-TV18 reported, citing sources. It added that the Directorate General of GST Intelligence's spree of notices to Infosys, foreign airlines, and shipping lines is also in focus. Group of Ministers meets …

Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties
7 months, 2 weeks ago

Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties

New Indian Express  

NEW DELHI: The Lok Sabha on Wednesday passed the Finance Bill 2024, after the government relaxed the just-introduced new capital gains tax on real estate, giving taxpayers the option to switch to a new lower tax rate or stay with the old regime that had a higher rate with indexation benefit. Finance Minister Nirmala Sitharaman, in her Budget for 2024–25, …

Union Budget 2024: GST Reform Boosts Trade And Reduces Tax Burden, Says FM
8 months ago

Union Budget 2024: GST Reform Boosts Trade And Reduces Tax Burden, Says FM

ABP News  

Union Budget 2024: Finance minister Nirmala Sitharaman in her Budget speech in the Lok Sabha on Tuesday highlighted the positive impacts of the Goods and Services Tax. Presenting the Union Budget 2024-25 in Parliament, Sitharaman praised GST for decreasing the tax burden on the common man, reducing compliance obligations, and lowering logistics costs for trade and industry. Further measures to …

A fresh start: On the Goods and Services Tax Council meet
8 months, 3 weeks ago

A fresh start: On the Goods and Services Tax Council meet

The Hindu  

The Goods and Services Tax Council was convened last week for the first time in nearly nine months. Apart from several industry-specific measures, a few of which will kick in with retrospective effect, the Council also opted to waive interest and penalty on tax dues for the first three years of GST, provided they are paid by March 2025. Beyond …

53rd GST Council Meeting Mandates Notification Setting 3-Months Period For Filing GST Appeals Before GSTAT
9 months ago

53rd GST Council Meeting Mandates Notification Setting 3-Months Period For Filing GST Appeals Before GSTAT

Live Law  

The newly appointed Union Finance Minister, Nirmala Sitharaman, headed this meeting. It is the GST Council's first meeting after the 2024 Lok Sabha elections.The GST Council recommended amending Section 112 of the CGST Act, 2017 to allow the three-month period for filing appeals before the Appellate Tribunal to start from a date to be notified by the Government in respect …

GST Council meeting today: Here are the five key expectations
9 months ago

GST Council meeting today: Here are the five key expectations

Live Mint  

New Delhi: Goods and Services Tax Council is meeting in the capital after over eight months to discuss indirect tax matters, including further strengthening the tax ecosystem to make it foolproof. Law change on scope of GST The Council is expected to clear the text of legislative amendments to Central, State and Integrated GST laws to exclude extra-neutral alcohol, the …

GST dilemma: The burden of related party transactions
9 months ago

GST dilemma: The burden of related party transactions

New Indian Express  

Introduction: The Goods and Services Tax marks a pivotal transformation in the landscape of taxation, fundamentally altering the way taxes are assessed and collected. Delving into its intricacies, particularly concerning Related Party Transactions, holds paramount importance for businesses endeavouring to navigate the realms of regulatory compliance and financial prudence effectively. GST implementation & Objectives: Introduced in India in July 2017, …

Move ahead: On GST and reform
9 months ago

Move ahead: On GST and reform

The Hindu  

Revenues from the Goods and Services Tax, which completes seven years at the end of this month, hit a record high of ₹2.1 lakh crore in April that typically sees higher inflows due to a year-end compliance rush. Although gross revenues from domestic transactions grew 15.3%, accelerating from a 13.4% rise a month earlier, revenues from goods imports dipped for …

GST Council to meet on June 22: What will be the agenda?
9 months, 1 week ago

GST Council to meet on June 22: What will be the agenda?

The Hindu  

The Centre has decided to convene a meeting of the Goods and Services Tax Council on June 22, eight-and-a-half months after its last meeting, the Finance Ministry said on June 13, 2024. At its last meeting held on October 7, 2023, the Council, headed by the Finance Minister, had initiated discussions on a “perspective plan” to impose a cess or …

Union Budget 2024 likely to be tabled in Parliament by third week of July
9 months, 1 week ago

Union Budget 2024 likely to be tabled in Parliament by third week of July

Live Mint  

Finance Minister Nirmala Sitharaman took charge of the Finance Ministry and held a meeting with senior officials on Wednesday and directed them to initiate the preparation for the Union Budget 2024-2025. Moreover, a meeting of the Goods and Services Tax Council headed by Union Finance Minister Nirmala Sitharaman is scheduled to be held on June 22 here in the national …

Time Limit To Avail ITC Is Till 30th November In Each Financial Year From Beginning Of GST Regime: Kerala High Court
9 months, 2 weeks ago

Time Limit To Avail ITC Is Till 30th November In Each Financial Year From Beginning Of GST Regime: Kerala High Court

Live Law  

The Kerala High Court has held that the time limit to avail ITC is November 30th in each financial year from the beginning of the GST regime.The bench of Justice Dinesh Kumar Singh has observed that prior to the amendment in Section 39 by the Finance Act 2022, the date for furnishing the return under Section 39 was September 30th. …

Government extends deadlines for GST officers to issue demand notices for FY 2019, 2020
1 year, 2 months ago

Government extends deadlines for GST officers to issue demand notices for FY 2019, 2020

The Hindu  

GST officers have been given more time to issue demand notices for discrepancies in annual returns for 2018-19 and 2019-20 financial years. On December 28, the government extended the deadline in this regard for 2018-19 fiscal to April 30, 2024 and for 2019-20 fiscal to August 31, 2024. Currently, the deadline is March 31, 2024 and June 30, 2024, for …

CGST Bill Passed In Parliament
1 year, 3 months ago

CGST Bill Passed In Parliament

Deccan Chronicle  

New Delhi: The Parliament on Wednesday passed a bill that will raise the cap on the age limit for president and members of goods and services tax or GST Appellate Tribunals. The central GST Appellate Tribunals bill was approved with a voice vote in Rajya Sabha and returned to Lok Sabha, which had passed the bill on Tuesday. Besides, Parliament …

Bill to ease setting up of GST tribunals
1 year, 3 months ago

Bill to ease setting up of GST tribunals

Live Mint  

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday tabled an amendment bill in the Lok Sabha to make it easier to set up GST appellate tribunals by modifying the terms of appointment of members. The Central GST Bill, 2023, seeks to expand the pool of candidates for appointment as judicial members to the tribunals to include advocates with 10 years …

FM Introduces GST Bill To Raise Age Limit Of President, Members Of Appellate Tribunals
1 year, 3 months ago

FM Introduces GST Bill To Raise Age Limit Of President, Members Of Appellate Tribunals

ABP News  

Finance Minister Nirmala Sitharaman on Wednesday introduced a bill in the Lok Sabha to raise the age limit for president and members of GST appellate tribunals. The Central Goods and Services Tax Bill, 2023, seeks to cap the age for president and members of the GST appellate tribunals at 70 years and 67 years, respectively, higher than 67 years and …

Lok Sabha passes GST Bills to levy 28% tax on e-gaming, casinos
1 year, 7 months ago

Lok Sabha passes GST Bills to levy 28% tax on e-gaming, casinos

Hindustan Times  

Lok Sabha on Friday approved amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs. Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Monsoon session of Parliament Finance Minister Nirmala Sitharaman introduced bills in the House on Friday, …

FM Sitharaman introduces Central Goods and Service Tax Amendment Bill
1 year, 7 months ago

FM Sitharaman introduces Central Goods and Service Tax Amendment Bill

Live Mint  

Lok Sabha approved amendments to GST laws, proposing a 28% tax on total bet value in online gaming, casinos, and horse race clubs. Finance Minister Nirmala Sitharaman introduced the bills on the monsoon session's final day, amidst opposition protests over Congress leader Adhir Ranjan Chowdhury's suspension The Central Goods and Services Tax Bill, 2023, and The Integrated Goods and Services …

Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs
1 year, 7 months ago

Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs

Live Law  

The Union Finance Minister Nirmala Sitharaman will introduce the Central Goods and Services Tax Bill, 2023.The Goods and Services Tax will be levied at a rate of 28% on online gaming, gambling, and horse racing under legislation that the Centre plans to introduce in the Lok Sabha.Online gaming, online gambling for money, virtual digital assets used to purchase online games,. …

GST Council to weigh tax cuts on select items
1 year, 8 months ago

GST Council to weigh tax cuts on select items

Live Mint  

The goods and services tax Council meeting next week will discuss tax relief on certain medicines, farm products, arthroplasty implants, and services such as satellite launches by private organizations, a person with direct knowledge of the matter said. A committee of officers that reviews proposals for tax rate changes, called the fitment committee, has recommended lowering the GST rates on …

GST Day 2023:
1 year, 8 months ago

GST Day 2023:

India TV News  

Nirmala Sitharaman on GST: Union Finance Minister Nirmala Sitharaman said on Saturday that the Goods and Services Tax has done justice to consumers by bringing the rates down compared to the previous Government. Today, no state suffers after GST, and that is despite COVID," said Union Finance Minister Nirmala Sitharaman. A step like GST actually brought relief to the common …

India's Gross GST Revenue Collection Up 12% in June
1 year, 8 months ago

India's Gross GST Revenue Collection Up 12% in June

Deccan Chronicle  

NEW DELHI: With India’s goods and services tax or GST having completed six years on Saturday, the ministry of finance said that India's gross GST revenue collection in June stood at over Rs 1.61 lakh crore, registering a 12 per cent growth year-on-year basis. However, the gross GST collection crossed Rs 1.6 lakh crore mark for fourth time since inception …

6 years of GST: Tracing role of Atal Bihari Vajpayee, Vijay Kelkar, P Chidambaram, Arun Jaitley, and others
1 year, 8 months ago

6 years of GST: Tracing role of Atal Bihari Vajpayee, Vijay Kelkar, P Chidambaram, Arun Jaitley, and others

Hindustan Times  

With the implementation of a Goods and Services Tax on July 1 2017, India took a huge step towards modifying its indirect taxation system. A proposal for introducing a Modified Value Added Tax was initiated by the then Finance Minister Vishwanath Pratap Singh, aiming to streamline the indirect tax system. 2000: A meeting between Prime Minister Atal Bihari Vajpayee and …

GST Council Meeting On July 11, May Take Up Online Gaming Issue: Report
1 year, 9 months ago

GST Council Meeting On July 11, May Take Up Online Gaming Issue: Report

ABP News  

The Goods and Services Tax Council meeting will be held on July 11, 2023, at the Vigyan Bhawan in New Delhi, the all-powerful tax authority announced on Thursday. "The 50th meeting of the GST Council will be held on 11th July 2023 at Vigyan Bhawan, New Delhi," the GST Council tweeted on Thursday. The 50th meeting of the GST Council …

GST Council To Conduct 50th Meeting On July 11 In New Delhi
1 year, 9 months ago

GST Council To Conduct 50th Meeting On July 11 In New Delhi

News 18  

The 50th GST Council meeting will be conducted on July 11, 2023, at Vigyan Bhawan in New Delhi. “The 50th meeting of the GST Council will be held on 11th July, 2023 at Vigyan Bhawan, New Delhi,” the GST Council said in a tweet on Thursday. The 49th GST Council meeting in February accepted the report of a panel of …

Centre will clear GST dues of states, TS to get Rs.1835 cr in arrears
2 years, 1 month ago

Centre will clear GST dues of states, TS to get Rs.1835 cr in arrears

Deccan Chronicle  

New Delhi: The GST Council on Saturday said the Centre had decided to clear the pending balance of GST compensation of Rs.16,982 crore for June 2022. The Centre will also clear the admissible final GST Compensation to those states who have provided revenue figures certified by the Accountant General which amounts to `16,524 crore. Briefing media after the 49th meeting …

GST Council Meeting Starts; Key Matters on Agenda
2 years, 1 month ago

GST Council Meeting Starts; Key Matters on Agenda

News 18  

The GST Council meeting started here on Saturday and is likely to discuss setting up of appellate tribunals, and mechanism to curb tax evasion in pan masala and gutkha business, among other matters. Union Finance Minister Nirmala Sitharaman is chairing the 49th meeting of the GST Council. “Along with the Union Finance Minister, Union Minister of State for Finance Shri …

CBIC Extends Due Date For Filing GSTR-1 For The Month Of November 2022 For Several Districts In Tamil Nadu
2 years, 3 months ago

CBIC Extends Due Date For Filing GSTR-1 For The Month Of November 2022 For Several Districts In Tamil Nadu

Live Law  

The Central Board of Indirect Taxes and Customs has extended the due date for filing GSTR-1 for the month of November 2022 in several districts of Tamil Nadu till December 13.The deadline for filing the GSTR-1 in Chennai, Tiruvallur, Chengalpattu, Kancheepuram, Tiruvannamalai, Ranipet, Vellore, Villupuram, Cuddalore, Thiruvarur, Nagapattinam, Mayiladuthurai, and Thanjavur has. The Central Board of Indirect Taxes and Customs …

CBIC extends GSTR 3B filing return due date amid glitches in GSTN portal
2 years, 5 months ago

CBIC extends GSTR 3B filing return due date amid glitches in GSTN portal

Firstpost  

Due to the slow functioning of the GSTN portal, the GST Implementation Committee of the GST Council had approved extension of the due date of GSTR-3B return filing for the month of September 2022, for the monthly filers, from 20 October to 21 October. The Central Board of Indirect Taxes and Customs stated in a tweet that it had received …

Govt extends deadline for filing September GST return till Oct 21
2 years, 5 months ago

Govt extends deadline for filing September GST return till Oct 21

India TV News  

Highlights Monthly return and tax payment form GSTR-3B is filed in staggered manner The form is filed between the 20th, 22nd, and 24th of each month by taxpayers GST Network provides the technology backend for running Goods and Services Tax The government has extended the deadline for filing GST returns for the month of September by a day to October …

GST Registration Cancellation: Madras High Court Directs Changes In Architecture Of GST Portal
2 years, 5 months ago

GST Registration Cancellation: Madras High Court Directs Changes In Architecture Of GST Portal

Live Law  

The Madras High Court has directed the GST department to take suitable steps by instructing GST Network, New Delhi to make suitable charges in the architecture of the GST Web Portal to allow the petitioners to file their returns and pay the tax/penalty/fine.The single bench of Justice Anitha Sumanth has noted that payment of tax, interest, fine/fee, etc. The Madras …

Supreme Court Allows 2-Months Extra Window For Availing Transitional Credit; Directs GSTN To Open Portal For TRAN-1/TRAN-2 Forms
2 years, 7 months ago

Supreme Court Allows 2-Months Extra Window For Availing Transitional Credit; Directs GSTN To Open Portal For TRAN-1/TRAN-2 Forms

Live Law  

In a relief to several assessees who missed the statutory deadline, the Supreme Court has directed the Goods and Services Tax Network to allow a 2-month additional window from September 1, 2022 to October 31, 2022 for claiming Transitional Credit.TRAN-1 and TRAN-forms were brought to allow assessees to carry forward pre-GST credits to the GST system. In a relief to …

Finance Ministry Confirms That Some States Have Sought Extension Of GST Compensation For A Further Period Of Five Years.
2 years, 7 months ago

Finance Ministry Confirms That Some States Have Sought Extension Of GST Compensation For A Further Period Of Five Years.

Live Law  

The Finance Ministry has confirmed that some states have sought extension of GST compensation for a further period of five years. As per section 18 of the Constitution Act, 2016, Parliament shall, on the recommendation of the GST Council, provide for compensation to the States for loss of revenue arising on account of the GST for a period of five …

GSTN Portal To Remain Open During September-October for Pre-GST Credit Forms, Directs SC
2 years, 8 months ago

GSTN Portal To Remain Open During September-October for Pre-GST Credit Forms, Directs SC

News 18  

Goods and Services Tax : In a major decision, the Supreme Court has directed the GSTN portal to be kept open between September 1 and October 31 for the registered assessees to upload TRAN-1 and TRAN-2 forms. Abhishek Jain, tax partner at KPMG in India, said, “This decision comes in light of the on-going dispute wherein various tax payers had …

GST compensation sunset: Punjab, Goa, Chhattisgarh may face most revenue stress
2 years, 8 months ago

GST compensation sunset: Punjab, Goa, Chhattisgarh may face most revenue stress

The Hindu  

With the sunset of the five-year assured compensation for States under the Goods and Services Tax regime from this month, Punjab, Goa and Chhattisgarh are likely to face the most revenue stress, as per a new working paper by the National Institute of Public Finance and Policy. The paper, titled ‘Revenue Assessment of GST in India’ by NIPFP associate professor …

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman
2 years, 8 months ago

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on July 19 clarified the GST Council has exempted from Goods and Service Tax, all food items including wheat, pulses, rice, maize, when sold loose, and not pre-packed or pre-labelled. pic.twitter.com/U21L0dW8oG — Nirmala Sitharaman July 19, 2022 The Finance Minister explained the process of decision making on the GST rate changes for pre-packed and pre-labelled, unbranded …

GST compensation due to States now totals ₹35,266 crore
2 years, 8 months ago

GST compensation due to States now totals ₹35,266 crore

The Hindu  

Outstanding Goods and Services Tax Compensation dues to States now amount to ₹35,266 crore, the Finance Ministry informed Parliament on Monday. These dues pertain to June 2022, the last month for which States were assured a certain level of revenue in order to switch to the GST regime, and would be paid from GST Compensation Cess collections, whose levy has …

GST: No Need For FY22 Annual Return if Turnover Up To Rs 2 Crore; UPI Allowed For GSTN Payment
2 years, 8 months ago

GST: No Need For FY22 Annual Return if Turnover Up To Rs 2 Crore; UPI Allowed For GSTN Payment

News 18  

GST Council Recommendations Accepted: The government has exempted registered persons whose aggregate turnover in the financial year 2021-22 was up to Rs 2 crore from filing the annual return for the financial year. Jain said, “The government has granted the exemption to taxpayers with aggregate turnover of up to Rs 2 crore in FY 2021-22 from filing annual return for …

GST 5 years: The journey of indirect tax regime so far
2 years, 8 months ago

GST 5 years: The journey of indirect tax regime so far

India TV News  

Highlights GST drastically altered India's tax administration and compliance GST regime made it easier to do business by doing away with multiple taxes Centre and states come together in GST Council to discuss modalities for smooth functioning of GST GST 5 years: The Goods and Services Tax, which completely redesigned the nation's indirect tax system and drastically altered tax administration …

Critics are wrong, GST has strengthened federalism
2 years, 8 months ago

Critics are wrong, GST has strengthened federalism

Live Mint  

Today, 1 July 2022, marks five years since India’s introduction of the goods and services tax. The second good feature is that, contrary to media hype, the GST has strengthened the Indian federation by enabling seamless input tax credit even when supply chains cross state borders. The narrative that it has weakened the federation by imposing an authoritarian Centre on …

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