GST receipts hit an all-time high of Rs. 1.15 trillion
The Goods and Services Tax collections for December 2020 came at Rs 1,15,174 crore, in the highest ever monthly collection
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In-person verification now must for GST registration
The Finance Ministry has notified new norms for GST registration to help check the menace of fake invoices. According to
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GST still an unstable law
With 927 notifications and circulars in the last three years, the GST is as yet “an unstable law”, says The
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GST mop-up slows to Rs. 97,247 cr in Feb
GST collections in February dropped to Rs 97,247 crore in February from Rs 1.02 lakh crore in the previous month,
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Rs. 12000 crore GST evasion detected in April-November period
The government has detected GST evasion worth Rs 12,000 crore in 8 months till November, a senior tax official said.
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GST registered Companies not filing returns to face action
Board of indirect taxes is planning to take action against companies which registered for the goods and services tax and
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Inclusion of Petroleum products under GST unlikely in near future
Petroleum products are unlikely to be brought under the GST in the near future. States are of the view that
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State authorities asked to check if companies are passing on GST cut benefits
The Central Government has directed state metrology controllers to assist GST officers to cross-verify revised sales price (MRP) of pre
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Centre extends suspension of reverse-charge mechanism under GST by one year
The Centre has extended the suspension of the reverse charge mechanism on purchase of goods or services by registered dealers
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Revamping GST AAR mechanism
The advance ruling mechanism under GST is about to be revamped by setting up either a centralised authority or 4
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