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GST collections touch ₹1,51,718 cr in Oct, second highest since April

The government collected Rs 1,51,718 crore gross GST revenue in October, which is the second highes…

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Zomato stock down after Rs 400 cr show-cause notice for GST dues

Zomato shares were trading more than 4 per cent down on Thursday morning after it received Rs 400 c…

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GST notices worth Rs 1 lakh crore issued to online gaming firms

The Goods and Services Tax (GST) authorities have issued show cause notices demanding as much as Rs…

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Indian government collected ₹1.30 lakh crore in GST

The revenue for October is also the second highest ever since introduction of GST, second only…

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Taxing times persist for Delta Corp as ace investor Ashish Kacholia sells shares

Delta Corp has been under pressure in the past six trading sessions with the stock sliding more tha…

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Centre seeks to amend GST Act to levy 28% tax on online gaming, casinos

The central government on Friday will seek the introduction and passage of the Central Goods and Se…

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GST revenues rose by 11% to ₹1.46 lakh crore in November: Finance Ministry

"The revenues for the month of November 2022 are 11 per cent higher than the GST revenues in t…

PTI   


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RBI may hike benchmark lending rates by 25 bps in April: DBS

The Reserve Bank is likely to hike benchmark lending rates by 25 basis points in its bi-monthly pol…

PTI   


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States not choosing GST compensation options by October will have wait another two years

The sources said that such states will have to wait till June 2022 to get compensation dues, sub…

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Centre releases ₹17,000 cr as GST compensation to States/UTs

Goods and Services Tax was introduced in the country with effect from July 1, 2017 and states were …

ANI   


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Govt extends deadline for filing September GST return till Oct 21

The government has extended the deadline for filing GST returns for the month of September by a day…

PTI   


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Oct 1 deadline for compulsory e-invoice generation nears for firms with ₹10 crore turnover

Central Board of Indirect Taxes and Customs (CBIC) had on August 1 issued a notification regar…

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Airtel GST refund – Supreme Court allows government appeal against ₹923 crore relief

In a major setback to Indian telecom operator Airtel, the Supreme Court (SC) has allowed the Indian…

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Whole wheat 'parota' will not be subject to 18% GST rules Karnataka appellate authority

The authority was approached by ID Fresh Food (India) Pvt. Ltd, a food products company involved…

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8th weekly instalment of ₹6,000 crore released to states meet the GST compensation shortfall

Ministry of Finance has released the 8th weekly instalment of ₹6,000 crore to the states to meet th…

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GST compensation deadlock continues — government to release ₹20,000 crore cess tonight and offers relief for small companies

The 42nd meeting of the GST Council led by Finance Minister Nirmala Sitharaman stretched over seven…

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Jharkhand is the only state holding out against the Indian government's suggested formula on GST compensation

With Chhattisgarh communicating its acceptance of Option-1 to meet the revenue shortfall arising ou…

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GST Council likely to approve two-year extension of compensation cess levy

As the Council is likely to adopt the compensation formula suggested by t he Centre in the dif…

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4 mins read

GST Council meet on Thursday to figure out how states will be compensated for delays in payment

"The Council will meet tomorrow with a single-point agenda to discuss the compensation cess. A…

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All 28 states and three union territories decided to go for Centre's GST compensation formula

All the 28 states and three union territories with legislature have decided to go for the Centre-su…