Gst
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Finance Ministry notifies concessional GST rate on COVID-related items, services
Business | Jun 15, 2021, 05:57 PM ISTThe Finance Ministry has notified the concessional rate of GST that will be applicable on COVID relief materials till September 30, 2021.
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Remove GST on medical equipment, Delhi govt to Centre
India | Jun 12, 2021, 09:17 PM ISTThe Delhi government on Saturday suggested to the Centre to remove the GST on face masks, sanitisers, oximeters and thermometers, saying these items have become a part of regular expenditure of the people during COVID-19 pandemic.
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GST council slashes tax on oximeters, hand sanitisers, Covid testing kits
Business | Jun 12, 2021, 04:46 PM ISTThe GST Council on Saturday slashed the tax rate on coronavirus medicines such as Remdesivir and equipment like oxygen concentrators and medical grade oxygen.
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GST Council meet begins, may consider duty cuts on medical supplies
Business | Jun 12, 2021, 02:46 PM ISTThe 44th meeting of the GST Council, the second this year in the midst of the second wave of Covid pandemic, began on Saturday morning through video conferencing.
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Monthly GST return filing deadline extended till June 26
Business | May 31, 2021, 06:32 PM ISTThe due date for furnishing details of outward supplies in Form GSTR-1 for the month of May 2021 is extended by 15 days. The extended due date is June 26, CBIC said.
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Proposed tax free vaccine in GST Council Meet: Manish Sisodia
News | May 29, 2021, 06:40 PM ISTFinance Minister of Delhi Manish Sisodia said that he proposed tax free vaccine in GST Council meet chaired by Union Finance Minister Nirmala Sitharaman.
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GST Council exempts duty on import of medicine used for black fungus treatment
Business | May 28, 2021, 09:27 PM ISTThe GST Council on Friday left taxes on COVID-19 vaccines and medical supplies unchanged but exempted duty on import of a medicine used for treatment of black fungus.
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CBIC starts special drive to clear pending GST refund claims by month-end
Business | May 16, 2021, 10:45 AM ISTThe Central Board of Indirect Taxes and Customs (CBIC) has launched a special drive to clear all pending GST refunds by month-end.
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Govt slashes IGST on oxygen concentrators for personal use to 12%
Business | May 01, 2021, 11:25 PM ISTThe government on Saturday slashed Integrated GST rate on oxygen concentrators for personal use to 12 per cent, from 28 per cent earlier, for two months till June 30.
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GST revenue hits all-time high of Rs 1.41 lakh crore in April
Business | May 01, 2021, 05:38 PM ISTGST collections in April touched a record high of over Rs 1.41 lakh crore, indicating sustained economic recovery, the Finance Ministry said on Saturday.
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Going digital can help MSMEs to reduce burden of GST compliance
India | Apr 28, 2021, 05:33 PM ISTDigitisation has become an inevitable necessity for MSMEs to fulfil the GST compliance requirements.
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COVID relief: Govt allows businesses to verify monthly GST returns through EVC till May 31
Business | Apr 27, 2021, 08:30 PM ISTCurrently, businesses are required to digitally sign the GSTR-3B form while filing the monthly return and paying taxes. However, with offices shut due to the lockdown, businesses are unable to generate a digital signature that has led to delay in filing returns.
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GST to be levied on underlying goods/services in gift vouchers, rules AAAR
Business | Apr 04, 2021, 12:52 PM ISTModifying the AAR verdict, the AAAR has clarified that GST will be levied not on the supply of vouchers but on the underlying supply of goods/ services at the time of redemption and the time for payment of GST will be dependent on the provisions detailed in the GST law.
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Growth in economy will sort issue: Tarun Bajaj on bringing petroleum products under GST
News | Apr 02, 2021, 04:40 PM ISTRevenue and Department of Economic Affairs Secretary Tarun Bajaj on bringing petroleum products under GST said that this move involves interest of both state and centre.
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GST collections at record high of Rs 1.23 lakh crore in March
Business | Apr 01, 2021, 04:06 PM ISTGST revenues during March 2021 are the highest since introduction of GST. In line with the trend of recovery in the GST revenues over past five months.
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GST fraud of over Rs 5,000 crore unearthed, 40 arrested
India | Mar 26, 2021, 08:31 PM ISTGST officers have arrested one person in the national capital on Friday in connection with creating and operating fake firms and fraudulently passing on input tax credit (ITC) worth Rs 94 crore.
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Petrol, diesel under GST? Sitharaman says 'ready to discuss'
Business | Mar 23, 2021, 05:39 PM ISTUnion Finance Minister Nirmala Sitharaman on Tuesday said she was ready to discuss bringing petrol and diesel under GST in the next council meet.
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Centre forcibly taking money from common people to run govt, alleges Rahul Gandhi
Politics | Mar 23, 2021, 12:01 AM ISTDuring the interaction with the students of St. Teresa's College in Kochi, Congress leader Rahul Gandhi alleged that as the economy collapsed due to COVID-19 pandemic, Centre is forcibly taking money from common people to run the government.
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Govt to bring petrol, diesel, ATF, gas under GST? No, says Sitharaman
Business | Mar 15, 2021, 04:59 PM ISTUnion Finance Minister Nirmala Sitharaman on Monday said that there is no proposal to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST).
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Govt extends due date for filing FY20 GST annual returns till March 31
Business | Feb 28, 2021, 07:36 PM ISTThe government on Sunday extended the deadline for filing GST annual returns for 2019-20 fiscal by a month till March 31. This is the second extension given by the government. The deadline was earlier extended from December 31, 2020, to February 28.