Tag archive for ‘GST’
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By Ila Choudhary On Saturday, February 20th, 2021
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Centre releases Rs 1 lakh cr GST compensation to states since Oct 2020

New Delhi, Feb 20 (PTI): The Centre has released Rs 1 lakh crore to states and UTs in four months since October 2020, to meet GST compensation shortfall, the Finance Ministry said on Saturday. Centre has released More...

By Ila Choudhary On Sunday, February 14th, 2021
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GST officers to immediately suspend taxpayer”s registration for ”significant anomalies” in sales return

New Delhi, Feb 14 (PTI) GST officers will immediately suspend registration of taxpayers whose sales return or GSTR-1 forms show “significant differences or anomalies” from the return filed by their suppliers, More...

By Ila Choudhary On Monday, January 4th, 2021
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Over 180 people arrested for tax evasion in past 2 months: Union Finance Secretary

New Delhi [India], January 4 (ANI): In the last 1.5 to 2 months over 180 people including managing directors of companies and chartered accountants have been arrested for tax evasion, said Union Finance Secretary More...

By Ila Choudhary On Saturday, January 2nd, 2021
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GST e-invoice system completes 3 months; enabled over 37,000 taxpayers to generate more than 1680 lakh IRNs

New Delhi [India], January 2 (ANI): Goods and Services Tax (GST) e-invoice system has completed journey of three months and has facilitated smooth transition of the tax payers to the new platform, according to the More...

By Ila Choudhary On Friday, January 1st, 2021
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GST collections at all-time high of over Rs 1.15 lakh cr in Dec

New Delhi, Dec 31 (PTI): GST collections touched a record high of over Rs 1.15 lakh crore in December, reflecting festive demand and reflating economy. The gross GST revenue collected in the month of December 2020 More...

By Manisha Sen On Monday, December 28th, 2020
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FinMin releases weekly instalment of Rs 6,000 cr to meet GST shortfall

New Delhi, Dec 28 (PTI): The Finance Ministry on Monday released the ninth instalment of Rs 6,000 crore to the states to meet GST compensation shortfall, taking the total amount of fund released to Rs 54,000 crore. Finance More...

By Ila Choudhary On Saturday, December 26th, 2020
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About 45K entities to come under mandatory 1% cash payment of GST liability ambit

New Delhi, Dec 26 (PTI): The mandatory requirement of 1 percent cash payment of GST liability with effect from January 1 would be applicable to about 45,000 taxpayers, which is only 0.37 percent of the total businesses More...

By Ila Choudhary On Tuesday, December 1st, 2020
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GST revenue at Rs 1.04 lakh cr in November

New Delhi, Dec 1 (PTI): Revenue from Goods and Services Tax (GST) stood at over Rs 1.04 lakh crore in November as against Rs 1.05 lakh crore collected in the previous month, the Finance Ministry said in a statement. Revenue More...

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By Manisha Sen On Thursday, November 26th, 2020
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Premium paid for insurance policies purchased between Oct 12-Mar 31 period eligible for reimbursement under LTC cash voucher scheme

New Delhi, Nov 26 (PTI): Premium paid for insurance policies purchased between October 12, 2020 and March 31, 2021 by central government employees will be eligible for reimbursement under the LTC cash voucher More...

By Ila Choudhary On Sunday, September 13th, 2020
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CBI books two GST officials for demanding Rs 5 cr bribe

New Delhi, Sep 12 (PTI) The CBI has booked ex-deputy commissioner service tax anti-evasion in GST Department Sudha Rani Chilaka and department superintendent Sreenivasa Gandhi Bollineni for allegedly demanding a More...