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The Group of Ministers (GoM) has agreed to recommend hiking the GST rate on casino, race course and online gaming services to 28 per cent. In a meeting held on May 2, the GoM discussed various aspects, including the possible…
The revenue department is learnt to have sought exemption from the Right to Information Act, 2005, for its GST and tax evasion analytics wing the Directorate General of Analytics and Risk Management (DGARM). The Ministry of Electronics and Information Technology…
Contrary to several media reports, the GST council is not going to impose 28 per cent GST on crypto services, sources at the Finance Ministry told Business Today. “No proposal of 28% GST on crypto services. Crypto services will not…
Some commodities which are perceived to be sin goods have seen Goods and Services (GST) rates rising to a point where further taxation isn’t an option anymore, Chairman of the Central Board of Indirect Taxes and Customs (CBIC) Vivek Johri…
Leading industry body, Internet and Mobile Association of India (IAMAI), has shot off letters to the Finance Ministry as well as the GST Council, urging that only Gross Gaming Revenues (GGR) should be considered for levying GST, and that the…
The central government is likely to tell states at the next meeting of the Goods and Services Tax (GST) Council that the buoyant GST revenue trend shows that states no longer need funds from the Centre as compensation for the…
Technical glitches in the Goods and Services Tax (GST) portal for the last four days have left dealers worried about missing the fast approaching due date for filing GSTR 1. The last date for filing GSTR 1 (sales details) is…
The Goods and Service Tax (GST) Council is likely to consider levying 28 percent GST on cryptocurrencies. The government’s view is to keep cryptocurrencies at par with lottery, casinos, race course, betting, sources told CNBC-TV18. The GST Council has nominated…
Generation of e-way bills, which are needed to ship goods within and across states, eased a notch in April, suggesting that Goods and Services Tax (GST) collections this month could be lower than the previous month’s record high. Data from…
M/s Hira Steel, Nashik is engaged in the business of trading of steel and scraps. The officers of the Nasik Preventive (Hqrs.), an anti evasion wing of Central Goods and Services Tax, Nashik has inspected/visited the premises of M/s Hira…