Tag: GST
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GST collections keep alive hope of 6.8% fiscal deficit in FY22
The June GST collections has once again brought back confidence in the government's revenue department that not only indirect tax collections in FY22 may...
Pandemic disruptions push June GST collection below Rs 1 lakh cr, first time in 9 months
India's gross GST revenue collection fell below the psychological mark of Rs 1 lakh crore for the first time this year, clocking Rs 92,849...
GST officials asked to ensure consumers benefit from rate cut of Covid-related items
The National Anti-Profiteering Authority (NAA) has directed GST officials to ensure that the reduced tax rates on Covid-related items are passed on to the...
Bring back atmosphere of trust in GST Council, Amit Mitra to FM
The Finance Minister of West Bengal, Amit Mitra, has written to Union Finance Minister Nirmala Sitharaman expressing his dismay over the 'steady breakdown of...
GST dues of states not cleared as claimed by FM: Chidambaram
Former Finance Minister P. Chidambaram has alleged that contrary to the claims of Finance Minister Nirmala Sitharaman, GST dues of Congress-ruled states Rajasthan and...
UP to support further cut in GST rates on Covid relief items
Uttar Pradesh will fully support measures to further reduce taxes on Covid relief items such as ventilators, oxygen concentrators, PPE kits etc to improve...
GST was notified with horrendous rates of tax: Chidambaram
Congress leader P. Chidambaram has slammed the union government for converting the GST to a bad law, saying it was notified with horrendous rates...
Govt relaxes several compliance timelines under GST
As the Covid crisis and the resultant lockdowns impact business, the Centre has come up with several relaxations regarding timelines for GST compliance norms.
Among...
Covid disruption unlikely to impact April GST collections: SBI Ecowrap
Even with the new wave of Covid-19 resulting in 'lockdowns' in 15 parts of the country and impacting business all across, the country's GST...
No tax or duty hikes in Karnataka budget for 2021-22
The Karnataka budget for fiscal 2021-22 has not proposed an increase in sales tax on petrol and diesel or excise duty on liquor or...