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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
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GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
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Rs 512-Crore Fake GST Scam Busted In Madhya Pradesh, Mastermind Arrested
In what could be one of the biggest GST frauds uncovered in central India, the Economic Offences Wing (EOW) has unearthed a fake invoicing scam worth Rs 512 crore and fraudulent Input Tax Credit (ITC) claims of Rs 130 crore.
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GST Collections Double In 5 Years To Record Rs 22.08 Lakh Crore In 2024-25
Gross GST collections doubled in five years to reach an all-time high of Rs 22.08 lakh crore in the 2024-25 fiscal year, from Rs 11.37 lakh crore in FY21, government data showed on Monday.
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New India Assurance Gets GST Demand Notice Of Nearly Rs 2,300 Crore
New India Assurance Company Ltd on Thursday said tax authorities have issued a show cause notice with a demand of Rs 2,298 crore Goods and Services Tax (GST) for five financial years.
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Rs 100 Crore Fake GST Refund Scam Busted By CBI
The Central Bureau of Investigation (CBI) has launched a major crackdown in a case involving bogus GST refund claims amounting to nearly Rs 100 crore, allegedly orchestrated through fake export bills.
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Court Rejects Patanjali Ayurved's Petition Against Rs 273.5 Crore GST Penalty
A division bench comprising Justices Shekhar B Saraf and Justice Vipin Chandra Dixit rejected Patanjali's argument that such penalties constitute criminal liability and can be imposed only after a criminal trial.
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GST Collections Above Rs 2 Trillion For Second Straight Month
Gross GST collections remained above the Rs 2 trillion mark for the second month in a row, rising 16.4 per cent in May to over Rs 2.01 lakh crore.
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Nirmala Sitharaman Responds To LinkedIn User's "Corruption In GST Registrations" Claim
Finance Minister Nirmala Sitharaman has responded to a social media post that claimed fraudulent activities in the GST registration process.
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Paytm Says Top Court Stays Rs 5,712 Crore GST Notice Sent To First Games
The Supreme Court has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games, a regulatory filing said on Saturday.
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Thane Businessman Allegedly Duped Of Rs 4.5 Crore In GST Fraud
A 60-year-old businessman from Maharashtra's Thane city was allegedly duped of Rs 4.5 crore by a man who carried out transactions through his company and evaded payment of Goods and Services Tax (GST), police said on Monday.
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GST Collection Rises 12.6% To All Time High Of Rs 2.37 Lakh Crore In April
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, government data showed on Thursday.
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Coldplay Concerts In Ahmedabad Create Economic Splash Of Rs 641 Crore: Report
The Ahmedabad concerts proved to be more than simply a musical extravaganza, drawing over 2,22,000 fans over the course of two nights
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7 Day Deadline Set For GST Registration Grant
Businesses will be able to get GST registration within 7 days, while applications flagged as risky will be processed within 30 days after physical verification of the premises.
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No Plan To Levy GST On UPI Transactions Over Rs 2,000: Finance Ministry
The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000.
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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
-
Rs 512-Crore Fake GST Scam Busted In Madhya Pradesh, Mastermind Arrested
In what could be one of the biggest GST frauds uncovered in central India, the Economic Offences Wing (EOW) has unearthed a fake invoicing scam worth Rs 512 crore and fraudulent Input Tax Credit (ITC) claims of Rs 130 crore.
-
GST Collections Double In 5 Years To Record Rs 22.08 Lakh Crore In 2024-25
Gross GST collections doubled in five years to reach an all-time high of Rs 22.08 lakh crore in the 2024-25 fiscal year, from Rs 11.37 lakh crore in FY21, government data showed on Monday.
-
New India Assurance Gets GST Demand Notice Of Nearly Rs 2,300 Crore
New India Assurance Company Ltd on Thursday said tax authorities have issued a show cause notice with a demand of Rs 2,298 crore Goods and Services Tax (GST) for five financial years.
-
Rs 100 Crore Fake GST Refund Scam Busted By CBI
The Central Bureau of Investigation (CBI) has launched a major crackdown in a case involving bogus GST refund claims amounting to nearly Rs 100 crore, allegedly orchestrated through fake export bills.
-
Court Rejects Patanjali Ayurved's Petition Against Rs 273.5 Crore GST Penalty
A division bench comprising Justices Shekhar B Saraf and Justice Vipin Chandra Dixit rejected Patanjali's argument that such penalties constitute criminal liability and can be imposed only after a criminal trial.
-
GST Collections Above Rs 2 Trillion For Second Straight Month
Gross GST collections remained above the Rs 2 trillion mark for the second month in a row, rising 16.4 per cent in May to over Rs 2.01 lakh crore.
-
Nirmala Sitharaman Responds To LinkedIn User's "Corruption In GST Registrations" Claim
Finance Minister Nirmala Sitharaman has responded to a social media post that claimed fraudulent activities in the GST registration process.
-
Paytm Says Top Court Stays Rs 5,712 Crore GST Notice Sent To First Games
The Supreme Court has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games, a regulatory filing said on Saturday.
-
Thane Businessman Allegedly Duped Of Rs 4.5 Crore In GST Fraud
A 60-year-old businessman from Maharashtra's Thane city was allegedly duped of Rs 4.5 crore by a man who carried out transactions through his company and evaded payment of Goods and Services Tax (GST), police said on Monday.
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GST Collection Rises 12.6% To All Time High Of Rs 2.37 Lakh Crore In April
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, government data showed on Thursday.
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Coldplay Concerts In Ahmedabad Create Economic Splash Of Rs 641 Crore: Report
The Ahmedabad concerts proved to be more than simply a musical extravaganza, drawing over 2,22,000 fans over the course of two nights
-
7 Day Deadline Set For GST Registration Grant
Businesses will be able to get GST registration within 7 days, while applications flagged as risky will be processed within 30 days after physical verification of the premises.
-
No Plan To Levy GST On UPI Transactions Over Rs 2,000: Finance Ministry
The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000.
