Page 11 of GST council

Verify high-risk GST transitional credit claims fast, CAG tells tax board

The audit selected a pan-India sample of 8,514 cases for detailed audit based on data analysis of these 50,000 cases.

August 9, 2022 03:40 IST

The number of e-way bills stood at 75.58 million in July, the second-highest since the system was rolled out in 2018. It was 78.16 million in March 2022, resulting in a record Rs 1.68-trillion gross GST receipts in April 2022.

“We are expecting 15-20% growth in revenues in FY23 compared with 10-12% in FY22,” All India Transporters Welfare Association (AITWA)…

August 5, 2022 05:40 IST

“This would be in the larger public interest and enhance good governance,” the apex court said.

GST Council must tell states to implement document identification number for transparency: SC

The judges also directed its Registry to send the copy of this order to the chief secretary of all the…

August 4, 2022 02:50 IST

SC asks GST Council to issue advisory to states to implement system of electronic generation of DIN

A DIN is a 20-digit identification code that is affixed to every communication sent to taxpayers by the government.

August 3, 2022 19:56 IST

E-invoice to be mandatory for B2B deals for business with turnover of Rs 10 crore from October 1

Currently, businesses with turnover of Rs 20 crore and above are required to generate electronic invoice for all B2B transactions.

August 2, 2022 15:46 IST

At Rs 1.49 trillion, GST mop-up second-highest in July: Collections cross Rs 1.4-trillion mark for fifth straight month

The total revenue of the Centre and the states in July 2022 after the regular settlement is Rs 58,116 crore…

August 2, 2022 04:45 IST

GST buoyancy persists, collections at Rs 1.49 trillion in July, up 28% on year

The collections crossed the Rs 1.4 trillion mark for the fifth straight month.

August 2, 2022 00:50 IST

Tripura’s GST collection has more than doubled in 5 years: Deputy CM

Laying emphasis on cooperative attitude between the taxpayers and the tax officials, Dev Verma said the formation of GST council…

July 21, 2022 16:53 IST

Few states seek extension of GST compensation for 5 years: FM Nirmala Sitharaman

When a nationwide GST subsumed 17 central and state levies from July 1, 2017, it was decided that states will…

July 18, 2022 18:31 IST

GoM on online gaming GST given extension till August 10

The GoM, in its first report, has recommended that in case of online gaming, the activities should be taxed at…

July 13, 2022 01:45 IST

GST GoM on casinos and online gaming to meet on Tuesday: UP minister

The Council, which recently asked the group of ministers (GoM) to review its report once more, will consider tax rate…

July 9, 2022 07:36 IST

GoM on GST levy on casinos, online gaming to meet on July 12

Addressing a conference on GST organised by Ficci, Uttar Pradesh Finance Minister Suresh Kumar Khanna, who is a member of…

July 8, 2022 16:20 IST

Panel on GST Appellate Tribunal formed, report by month-end

The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, had last week decided to constitute a…

July 8, 2022 13:13 IST

Cos with over Rs 5 cr annual turnover will soon have to generate GST e-invoices for B2B transactions: Official

“We started with a very high threshold and soon we are going to have all taxpayers with an annual turnover…

July 7, 2022 14:22 IST

GST hits, misses, and opportunities

Five years after the introduction of the GST, the need for GST tribunals and a central appellate authority on advance…

July 6, 2022 05:45 IST

More services to be brought under GST: Revenue secy

On June 29, the GST Council approved removal of a host of tax exemptions and raised rates for a larger…

July 6, 2022 02:25 IST

Work needs to be done to prune GST exemption in services, says revenue secretary

The slabs of 5 per cent and 12 per cent contribute 10 per cent and 8 per cent of the…

July 5, 2022 17:50 IST

Taxing online gaming industry on par with gambling will stifle growth: Winzo

The GST Council on Wednesday deferred its decision on levying a 28 per cent tax on casinos, online gaming, horse…

July 1, 2022 16:58 IST

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