goods and services tax

The 15th Finance Commission has recommended that States be given 41% of the divisible tax pool of the Centre. File. | Photo Credit: Reuters The Centre has devolved over ₹3.09 lakh crore to States till July of the ₹10.21 lakh crore budgeted…

The multiplicity of taxes in the pre-GST regime resulted in a "tax-on-tax" effect, causing the same product to be taxed multiple times and hence becoming costlier for the consumers, she said at the GST Day 2023 Finance Minister…

Currently, 1.39 lakh businesses are registered under GST, launched 6 years ago on July 1, 2017 (Imaging: Ajay Mohanty) GST officers have busted 304 syndicates involving 9,000 fake GSTINs and input tax credit (ITC) claims of Rs 25,000…

The average monthly gross GST collection for the first (April-June) quarter of the 2021-22, 2022-23 and 2023-24 are Rs 1.10 lakh crore, Rs 1.51 lakh crore and Rs 1.69 lakh crore, respectively GST collections rose 12 per cent to over…

Representational image only. The government has extended the deadline to May 31 for Goods Transport Agencies to exercise the option of paying GST on forward charge basis for current fiscal. Under GST, Goods Transport Agencies have the…

Illustration by Binay Sinha The government is expected to announce a national retail trade policy and an accident insurance scheme soon with a view to supporting GST-registered domestic traders, an official said. The…

GST evasion detection by tax officers almost doubled year-on-year to over Rs 1.01 trillion in the just concluded 2022-23 fiscal, an official said. During the last fiscal, a recovery of Rs 21,000 crore was made by the…

The value of the inter-state flow of goods in India increased to about 70 per cent of GDP in FY22 from nearly 55 per cent in FY18, taking into account movements of domestic and imported goods, shows a paper authored by Bibek Debroy,…

Hindi NewsBusinessGST Collection In March Grows 13% To Rs 1.60 Lakh Crore, Second Highest Everनई दिल्ली6 घंटे पहलेकॉपी लिंकसरकार ने मार्च 2023 में गुड्स एंड सर्विसेज टैक्स (GST) से 1.60 लाख करोड़ रुपए जुटाए हैं। सालाना आधार पर इसमें लगभग…

The GST Investigation wing of the Central Board of Indirect Taxes and Customs deals with policy issues relating to enforcement actions such as search, seizure, prosecution and arrest. Photo: Twitter/@cbic_india With Parliament clearing the…