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Goods and Services tax
All confusion cleared on 'GST on rent' - Check what government said
Fri, Aug 12, 2022
KPMG in India Partner Indirect Tax Abhishek Jain said the clarification provides relief to GST-registered proprietors or partners in GST-registered firms who take on rent immovable property for their personal use such as renting of a house for family accommodation
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Tax arrears recovery: Rs 21 lakh crore! Parliament panel asks revenue dept to formulate concrete action plan
Wed, Aug 03, 2022
The report of the Standing Committee on Finance, which was tabled in Parliament, said the revenue department seems to be "caught up in the vicious cycle to tax arrears", as about Rs 18.68 lakh crore in direct tax and Rs 2.95 lakh crore in indirect tax are outstanding in the form of tax arrears.
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GST Impact on Households: here is a list of 10 items that become dearer from today
Mon, Jul 18, 2022
New Goods and Services Tax (GST) rates come into effect from today, 18 July 2022. A number of items that concerns people in their day-to-day lives will be impacted because of the new rates. We collate a list of 10 things that will have an impact on you
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Government notifies procedural changes in GST rules - details here
Wed, Jul 06, 2022
The government has notified certain procedural changes in the GST rules, including those related to threshold, for filing annual returns for the 2021-22 fiscal, a move that will help ease the compliance burden on small players.
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GST Council Meeting: Full details of goods and services, where rates hiked or slashed
Thu, Jun 30, 2022
Government has announced increase in Goods and Services Tax (GST) on several items including those related to kitchenware, stationary, LED lamps, lights and fixtures. The decision was taken during the two-day GST Council meeting that eneded on 29 June
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47th GST Council Meeting Outcome News: All you need to know about result of Chandigarh meet
Wed, Jun 29, 2022
47th GST Council Meeting Outcome: About a dozen states cutting across party lines on Wednesday pitched for extending the mechanism to compensate states for revenue lost from the implementation of GST beyond June 30, but no decision was taken.
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GST Council defers tax on casinos, lottery
Wed, Jun 29, 2022
GST Council Meeting: The GST Council on Wednesday deferred decision on levying a 28 per cent tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders, Union Finance Minister Nirmala Sitharaman said.
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Bihar's Deputy CM Tarkishore Prasad lauds GST on its 5th anniversary; to discuss manufacturing sector requirements in GST council meeting
Tue, Jun 28, 2022
The Goods and Services Tax (GST) council will discuss an array of recommendations, and changes would be made unanimously in the interest of the country, producers, and the consumers, said Prasad.
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EXCLUSIVE: Government may increase GST on online gaming, casinos and horse racing to 28%; sharp correction in Delta Corp, Nazara Technologies stocks
Wed, May 18, 2022
Online gaming, casinos and horse racing will be subject to a 28 per cent Goods and Services Tax (GST). In a meeting of Group of Ministers (GoM) that was held today, it was unanimously decided that a 28 per cent levy will be imposed on these services
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GST authorities expand probe into alleged tax evasion by BharatPe
Wed, Mar 09, 2022
GST authorities have expanded the probe into alleged tax evasion by fintech firm BharatPe to include reported issuance of fake invoices by those close to the firm's ousted co-founder Ashneer Grover, an official said.
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December 2021 Gross GST revenue collection jump 13% YoY at Rs 1,29,780 cr on higher economic activity, anti-evasion measures
Sun, Jan 02, 2022
Gross Goods and Services Tax (GST) revenue collected in the month of December 2021 stood at Rs 129,780 crore of which Central GST (CGST) was at Rs 22,578 crore, State GST (SGST) was at Rs 28,658 crore while the Integrated GST (IGST) was at Rs 69,155 crore
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Food aggregators like Swiggy, Zomato to collect 5% GST beginning January 1; move to widen tax base
Sat, Jan 01, 2022
Currently, restaurants registered under GST are collecting and depositing the tax. Also, cab aggregators like Uber and Ola will have to collect 5 per cent Goods and Services Tax (GST) for booking 2 and 3 wheeler vehicles effective January 1. Also, footwear irrespective of prices will attract 12 per cent tax from Saturday
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