The high-level committee (HLC) was constituted to examine the issues relating to the preparation of action plan to create synergy among R&D centres of...
GST Will Not Reduce State Govts’ Deficit: Report
Goods and Services Tax (GST) regime in India is not likely to reduce the deficits of state governments significantly, amid large and growing expenditu...
To Crub GST Evasion: B2B Invoices Will Be Generated on Govt Portal by Sept 2019
The revenue secretary is monitoring the progress of implementation of electronic or e-invoice project for which an officers’ committee has already ...
April Recorded Highest GST Revenue Collection
Of the total collection, CGST is Rs 21,163 crore, SGST is Rs 28,801 crore, IGST is Rs 54,733 crore (including Rs 23,289 crore collected on imports) a...
Finance Ministry to Restrict GST Evasion Through E-Way Bill
The Finance Ministry has introduced changes in the e-way bill system, including auto calculation of distance based on PIN codes for the generation of ...
GST Collections Touched Record High Figure of Rs 1.06 Lakh Cr in March
GST collections scaled record high of Rs 1.06 lakh crore in March, up from Rs 97,247 crore in the previous month, as compliance improved amid increase...
FIEO Urged MSME Exporters to Register LUT for GST Exemption by March 31, 2019
The facility of Letter of Undertaking (LUT) under Goods and Service Tax (GST), which is required for supply of exports/supply to SEZ units or develope...
Rs 224 Crore GST Fraud Detected
Officials of the Central GST have unearthed an alleged tax fraud of Rs 224 crore by a group of eight companies, which generated fake invoices worth Rs...
GST Cut For Real Estate Will be a Booster: Moody’s
The GST Council had decided to cut goods and services tax (GST) rate on affordable homes to 1 per cent without input tax credit (ITC) from earlier 8 p...
GST Council Reduced Tax Slabs for Under Construction Real Estate Projects
The GST Council slashed tax rates on under-construction housing properties to 5 per cent without the input tax credit, from the existing 12 per cent. ...
