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  50th GST council meeting: Setback for online gaming, horse racing, casinos; to attract 28% tax

  Business | July 11, 2023 20:57 IST

  The GST Council, which held its 50th meeting under the chairmanship of Union Finance Minister Nirmala Sitharaman, decided to remove the distinction of game of skill and chance in case of online gaming.

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  Over 12,000 fake entities in GST; CBIC plans biometric authentication, tighter return filing

  Business | July 02, 2023 14:15 IST

  Johri further said that the tax authorities are also discussing some more tightening in the GST return filing system to limit the scope of claiming Input Tax Credit (ITC), when taxes have not been paid by suppliers in the supply chain.

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  GST Day 2023: "Goods and Services Tax has done justice to consumers by...," says Nirmala Sitharaman

  Business | July 02, 2023 7:01 IST

  Nirmala Sitharaman on GST: Finance Minister added that many common-use items and services have been exempted from GST for the benefit of the people.

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  GST helped increase revenue buoyancy of states as all-round benefit stands out 'exemplary': FM

  Business | July 01, 2023 20:36 IST

  The multiplicity of taxes in the pre-GST regime resulted in a "tax-on-tax" effect, causing the same product to be taxed multiple times and hence becoming costlier for the consumers, Finance Minister Nirmala Sitharaman said at the GST Day 2023.

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  GST collection in March 2023 rises to over Rs 1.60 lakh crore

  Business | April 01, 2023 20:15 IST

  GST collection March 2023: It is for the fourth time, in the current financial year, that the gross GST collection has crossed Rs 1.5 lakh crore mark, registering second highest collection since implementation of GST. This month witnessed the highest IGST collection ever.

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  GST revenues grow 15% to nearly Rs 1.50 lakh crore in December

  Business | January 01, 2023 21:32 IST

  In November 2022, 7.9 crore e-way bills were generated, which was significantly higher than the 7.6 crore e-way bill issued in October 2022.

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  GST revenue likely at Rs 1.45 lakh crore in September

  India | September 28, 2022 13:56 IST

  "The collection in September is likely to be little more than Rs 1.45 lakh crore. Improved business activity is expected to yield better collections in coming months," the official said.

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  Govt exempts GST on 11 food items when sold loose. See list

  India | July 19, 2022 15:59 IST

  GST News: The government has exempted GST from being levied on several food items if they are sold in loose. Check out the list.

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  GST Council meet: All eyes on states' compensation; 28% tax on online gaming, casinos, horse racing

  Business | June 30, 2022 9:49 IST

  Severa non-BJP ruled states want the compensation regime to be extended by 5 years or the share of states in the GST revenues be increased to 70-80 per cent from the current 50 per cent.

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  GST Council meeting: 2-day gathering commences, Will Petrol-Diesel come under new tax regime

  Business | June 28, 2022 21:15 IST

  Many are hopeful that this time apart from petrol and diesel, a decision should be taken on bringing liquor under GST. However, there is no official word on these developments.

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  GST Council meet: States' compensation, easier e-comm suppliers' registration, tax tweaks on cards

  Business | June 28, 2022 13:08 IST

  GST Council meet: The council may see a stormy discussion around compensation payout to states with opposition-ruled states aggressively pushing for its continuation beyond the five-year period which ends in June.

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  GST collections at nearly Rs 1.41 lakh crore in May, increase 44% year-on-year

  Business | June 01, 2022 16:13 IST

  GST Collections: This is the fourth time when GST collections crossed Rs 1.40 lakh crore mark since the inception of the tax regime in July 2017 and the third straight month since March 2022.

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  Elevated inflation likely to delay Modi govt's plan to reduce GST slabs

  Business | May 26, 2022 12:28 IST

  GST Slabs Changes News: Reducing GST slabs will involve raising taxes on some items and a reduction as well on a few items.

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  GST Council may consider modification in monthly tax payment form for better ITC reporting

  Business | May 22, 2022 12:34 IST

  A meeting of the Goods and Services Tax (GST) Council, the highest decision-making body in the GST matter, is likely to be held next month.

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  GST on online gaming, casinos, race course likely to be increased to 28 per cent

  Business | May 19, 2022 18:43 IST

  At present, services of casinos, horse racing and online gaming attract 18 per cent GST.

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  Delhi records highest ever GST collection of over Rs 2,800 cr for April

  India | May 13, 2022 8:27 IST

  The record GST collection is also a sound indicator of the national capital's economy recovering fast after the devastation caused by the three waves of COVID during past 2-years, officials said.

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  Govt denies reports of GST council planning to raise 5% tax slab to 8%: Sources

  India | April 18, 2022 22:43 IST

  A group comprising ministers from states is yet to finalise a report on rationalisation of GST rates and a decision will be taken in due course, sources said.

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  GST collection in August above Rs 1.12 lakh crore: Finance Ministry

  Business | September 01, 2021 14:21 IST

  Goods and Services Tax (GST) collection in August at over Rs 1.12 lakh crore: Finance Ministry.

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  Gift, cash-back vouchers taxable as goods, to be liable for 18% GST: AAR

  Business | August 09, 2021 18:45 IST

  Passing the ruling, the AAR said the supply of vouchers are taxable as goods and will attract an 18 per cent goods and services tax.

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  GST revenue collection for July at over Rs 1.16 lakh crore

  Business | August 01, 2021 14:25 IST

  Out of the total revenue collected CGST was Rs 22,197 cr, SGST was Rs 28,541 cr, IGST was Rs 57,864 cr- including Rs 27,900 cr collected on import of goods- and Cess was Rs 7,790 cr- including Rs 815 cr collected on import of goods.