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Monday, April 12, 2021

GST

GST should be citizen-friendly, provisional attachment draconian: SC

New Delhi, April 7 (IANS) The Supreme Court on Wednesday said the taxman cannot see all businesses as fraudulent, as it made sharp observations against the manner in which Goods and Services Tax was implemented by tax authorities. A bench...

March GST collection surges to over Rs 1.23 lakh Cr

New Delhi, April 1 (IANS) India's gross GST revenue collection reached a new record high of over Rs 1.23 lakh crore in March 2021. Accordingly, the GST revenues during March 2021 are the highest since the introduction of the tax. "In...

Centre releases Rs 30,000 cr GST compensation to states

New Delhi, March 30 (IANS) The Centre on Tuesday said it has released GST compensation amounting to Rs 30,000 crore to states. The funds were released as part 'compensation admissible' for FY21 on March 27. "The total amount of compensation released...

Stock brokers not to pay GST on delayed payment charges from clients

New Delhi, March 25 (IANS) In what may give a fillip to stock broking activity, an appellate authority has exempted stock brokers buying or selling shares for clients from payment of GST on delayed payment charges. The Appellate Authority for...

Centre releases complete Rs 1.10 lakh cr GST compensation shortfall

New Delhi, Mar 15 (IANS): The Finance Ministry has released the final weekly instalment of Rs 4,104 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 4,086.97 crore has been released to 23...

Monthly GST payments on PayMate may double by FY22-end

New Delhi, March 10 (IANS) B2B payments platform PayMate expects monthly GST payments on its platform to nearly double by the end of FY22. In a statement, the company said that its full-stack payment automation platform has processed over $130...

Fake GST fraud: 357 arrested so far, including 12 CAs

New Delhi, March 9 (IANS) The Directorate General of GST Intelligence (DGGI) and the CGST Commissionerates have so far arrested 357 persons, including 12 chartered accountants, one company secretary and an advocate, in the ongoing nationwide drive against fake...

CAIT to launch natiowide movement over GST

New Delhi, Feb 28 (IANS) Days after a traders' strike under its aegis, the Confederation of All India Traders (CAIT) on Sunday said that it will launch a national movement against the 'arbitrariness' of GST provisions and alleged malpractices...

Traders across India to go on strike on Friday

New Delhi, Feb 25 (IANS) Going ahead with their protest against arbitrary regulations and changes in the Goods and Services Tax (GST) and alleged norm violations by e-commerce giants, traders across the country will go a day-long strike on...

CBIC facilitates exporters having IGST refund issues

New Delhi, Feb 22 (IANS): The Central Board of Indirect Taxes and Customs (CBIC) has extended the time limit for sanction of pending IGST refunds in such cases where records have not been transmitted to ICEGATE, due to GSTR1 and...

Latest News

‘E-commerce growth in tier-2, 3 cities outpace tier-1 Indian cities’

Mumbai, Apr 11 (IANS): The growth of e-commerce volumes in tier 2 and 3 cities in India is outpacing that...