Goods And Service Tax
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Ghee, soap, and snacks may get cheaper: Major GST rate cut on the cards - Check full list
July 03, 2025 11:12 ISTThe restructuring of GST is likely to ease the inflationary pressure on essential goods, benefiting a large section of the population which consumes items falling under the same category.
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Gross GST collections rise 6.2% YoY to over Rs 1.84 lakh crore in June
Business | July 01, 2025 18:07 ISTHowever, this is a dip on a month-on-month basis as the Goods and Services Tax (GST) collection last month was Rs 2.01 lakh crore.
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GST rejig: Tax rates changed for some goods and services, here's what gets cheaper and costlier
Business | October 19, 2024 21:18 ISTGoods and Services Tax is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Under GST, essential items are either exempted or taxed at the lowest slab, while luxury and demerit items attract the highest slab. Luxury and some goods attract cess on top of the highest 28 per cent
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GST fraud case: ACB arrests two more in refunds case linked to 500 non-existent firms
India | September 19, 2024 23:40 ISTIn 2021, it was found that fraudulent GST refunds were approved by the GST officer without verification of input tax credit and around 500 non-existent firms were doing business activities just to claim bogus GST refunds.
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Average monthly GST collections to grow 11 per cent to Rs 1.85 lakh crore in FY25: Revenue Secretary
Business | February 02, 2024 14:44 ISTFinance Minister Nirmala Sitharaman highlighted the doubling of the GST taxpayer base and monthly revenues since its launch in her budget speech.
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GST collections surge to second highest ever at 1.72 lakh crore in January
Business | February 01, 2024 7:13 ISTThe highest-ever monthly GST collection was recorded in April 2023 at Rs 1.87 lakh crore.
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CBI arrests CGST official red-handed for accepting Rs 5 lakh bribe in Mumbai, sent to police custody
India | August 18, 2023 20:14 ISTThe official demanded Rs 30 lakh from a tax consultant to settle issues related to Wellfull Inter-Trade Pvt Ltd based in Guangzhou, China.
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EXPLAINED: What is GST Compensation Cess and how to calculate it?
Business | July 07, 2023 14:42 ISTThe Compensation Cess was supposed to end on June 30, 2022, five years after the introduction of the single tax on July 1, 2017, but the Indian government extended it until March 31, 2026.
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GST imposed on ‘Sarais’? What Central Board of Indirect Taxes & Customs said
Fact Check | August 04, 2022 23:53 ISTCertain sections of the media and social media are spreading the message that GST has recently been imposed with effect from 18 July, 2022 even on ‘Sarais’ run by religious/charitable trusts. This is not true, Central Board of Indirect Taxes & Customs said.
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Return filing system is working fine: GSTN
Business | November 20, 2019 20:51 ISTGSTN said that the GST return filing system is working within expected limits. "Had it not been so, how more than 11.52 lakh GSTR3B (October) returns could have been filed yesterday with about 1.82 lakh returns filed in a peak hour," it said
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GST Council meets next Friday; tax rate cut to hinge on revenue position
Business | September 13, 2019 18:58 ISTThe all-powerful GST Council will at its Goa meeting next week consider demands for reducing taxes on products ranging from cars to biscuits keeping in mind the revenue position as any cut will have a direct impact on earnings of states, a senior government official has said.
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Govt to celebrate 2nd anniversary of GST on July 1
India | June 28, 2019 16:04 ISTThe Government will organise an event on July 1, to celebrate the second anniversary of Goods and Services Tax (GST) roll out, which will be addressed by Finance Minister Nirmala Sitharaman and her deputy Anurag Thakur.
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Finance Ministry considering to mandate declaration of GST registration status by composition dealers
Business | January 13, 2019 11:57 ISTThe measure, once implemented, would check the widespread practice of composition dealers of charging GST from purchasers and not depositing it with the exchequer, PTI reported quoting an official.
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PM Modi manipulating data to boast about govt achievements: Sitaram Yechuri
India | December 23, 2018 20:18 ISTYechuri claimed Modi's announcement that 99 per cent goods will now attract 18 per cent or lower GST as a "post truth", since 97 per cent of merchandise or services already attract 18 per cent or less GST.
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Movie tickets, TV sets to get cheaper as GST Council cuts rate on 40 products
News | December 23, 2018 7:20 ISTMovie tickets, TV sets to get cheaper as GST Council cuts rate on 40 products
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Movie tickets, TV sets to get cheaper as GST Council cuts rate on 40 products; new rates effective from Jan 1, 2019
Business | December 22, 2018 23:52 ISTThe annual revenue implication of the rate cuts would be Rs 5,500 crore, Finance Minister Arun Jaitley said.
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Industry welcomes GST rate cuts for commonly used products
Business | December 22, 2018 22:34 ISTTraders' body Confederation of All India Traders (CAIT) also welcomed the reduction in GST tax rates on various items and said it is a progressive step in rationalising and simplifying the tax structure.
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Samsung cuts prices by nearly 8 per cent to pass on GST reduction on electronic items
Business | July 27, 2018 19:23 ISTThe company said it is fully compliant with the government's decision and will pass on the full benefits to the consumers.
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Chidambaram slams govt for terming GST 'celebration of honesty', asks 'why did BJP oppose it for 5 yrs then'
India | June 25, 2018 16:23 ISTThe senior Congress leader asked the government whether it knew that millions of traders and exporters were affected because their money was stuck and not being refunded promptly after the implementation of the GST regime.
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People celebrate as PM Modi and President launches GST at mid-night
News | July 01, 2017 10:08 IST
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