India Inc said the time is right for the GST Council to expand the coverage of the indirect tax regime to all sectors and converge tax slabs. Petroleu...
GST Revenue Collections Cross Rs 1 Lakh Cr in May
Gross revenue on account of Goods and Services Tax (GST) in May totalled Rs 100,289 crore, up by 6.67 per cent from Rs 94,016 crore in the correspondi...
Zoho to Boost GST Adoptability Among Indian MSMEs
Earlier this year, the GST council invited accounting software businesses to offer their software for free, in an effort to support SMEs. Zoho was one...
GST Refunds Likely to Have Single Authority by August 2019
As per the system being worked out by the Revenue Department, the taxpayer will get full refund from his jurisdictional officer once the claim is sanc...
Plan Proposed for Reducing Oil Imports
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...