Goods And Services Tax

The Supreme Court on Wednesday directed the Centre not to use "threat and coercion" during search and seizure operations against traders for recovery of Goods and Services Tax (GST) and instead persuade them to clear the dues voluntarily.

Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level.

Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.

United Breweries Ltd on Friday said it has received a tax demand of over Rs 263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax Department.

Food delivery app Zomato today said it has received a goods and services tax (GST) notice of over Rs 23 crore, and will file an appeal against the demand.

Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 178 crore on it for short payment of Goods and Services Tax (GST) for two financial years.

In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.

Businesses rehabilitated in Mumbais Dharavi following its redevelopment will get a refund of State Goods and Services Tax (SGST) for five years.

Food delivery giant Zomato has received a Good and Services Tax (GST) notice over an unpaid tax liability of Rs 401.7 crore.

A bill to align provisions of the Central Goods and Services Tax Act with Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals was introduced in Lok Sabha on Wednesday.

As many as 71 show cause notices have been issued to online gaming companies for alleged GST evasion of over Rs 1.12 lakh crore during financial years 2022-23 and 2023-24, the finance ministry said today.

The Kerala government on Saturday raised an objection to a deduction of around Rs 332 crore from the settlement of Integrated Goods and Services Tax (IGST) for November 2023 to the state.

GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand.

Real estate developers and RWAs will be liable to pay 18 per cent GST on electricity bills if they charge from flat owners more than the power tariff prescribed by Discoms.

The Kerala government has made it clear that the IT firm owned by Chief Minister Pinarayi Vijayan's daughter had duly paid the required Integrated Goods and Services Tax (IGST) for her business transactions with a Kochi-based minerals company.

The Supreme Court on Wednesday directed the Centre not to use "threat and coercion" during search and seizure operations against traders for recovery of Goods and Services Tax (GST) and instead persuade them to clear the dues voluntarily.

Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level.

Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.

United Breweries Ltd on Friday said it has received a tax demand of over Rs 263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax Department.

Food delivery app Zomato today said it has received a goods and services tax (GST) notice of over Rs 23 crore, and will file an appeal against the demand.

Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 178 crore on it for short payment of Goods and Services Tax (GST) for two financial years.

In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.

Businesses rehabilitated in Mumbais Dharavi following its redevelopment will get a refund of State Goods and Services Tax (SGST) for five years.

Food delivery giant Zomato has received a Good and Services Tax (GST) notice over an unpaid tax liability of Rs 401.7 crore.

A bill to align provisions of the Central Goods and Services Tax Act with Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals was introduced in Lok Sabha on Wednesday.

As many as 71 show cause notices have been issued to online gaming companies for alleged GST evasion of over Rs 1.12 lakh crore during financial years 2022-23 and 2023-24, the finance ministry said today.

The Kerala government on Saturday raised an objection to a deduction of around Rs 332 crore from the settlement of Integrated Goods and Services Tax (IGST) for November 2023 to the state.

GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand.

Real estate developers and RWAs will be liable to pay 18 per cent GST on electricity bills if they charge from flat owners more than the power tariff prescribed by Discoms.

The Kerala government has made it clear that the IT firm owned by Chief Minister Pinarayi Vijayan's daughter had duly paid the required Integrated Goods and Services Tax (IGST) for her business transactions with a Kochi-based minerals company.