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The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 crore, SGST is Rs 30,779 crore, IGST is Rs 67,471crore (including Rs 33,837 crore collected on import of goods)…
Source: Economic Times dated 11.02.2022 The finance ministry will soon meet with representatives of the cryptocurrency industry to discuss the fine print of indirect taxation on virtual digital assets, Business Today TV reported. The Central Board of Indirect Taxes and…
Source: Economic Times dated 11.02.2022 The Confederation of All India Traders on Thursday urged Union Finance Minister Nirmala Sitharaman to withdraw the proposed GST tax on textiles. In the GST Council meeting in late 2021, it was unanimously decided to…
Source: The Hindu dated 11.02.2022 It recommends physical verification of businesses at the time of registration The second meeting of the Group of Ministers (GoM) on GST System Reforms headed by Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar…
Source : NDTV dated 09.02.2022 Government is open to consider the restaurant industry’s demand of shifting back to higher goods and services tax (GST) along with benefit of tax credit on their inputs, revenue secretary Tarun Bajaj said on Wednesday.…
Source: CNBC TV18 dated 09.02.2022 Lending a patient ear towards a long pending demand of the industry, Revenue Secretary Tarun Bajaj on Wednesday said the government is open to a detailed review of the current capital gains tax framework. He…
Source: Economic Times dated 10.02.2022 The Central Board of Indirect Taxes and Customs (CBIC) will focus on scrutiny and audit of goods and services tax returns in the coming year, and ease compliances for Special Economic Zones, its chairman Vivek…
Source: Economic Times dated 10.02.2022 The government is examining the applicability of goods and services tax (GST) on various cryptocurrency transactions including mining of these digital assets. The issue is being examined internally at the Central Board of Indirect Taxes…
Source Business Standard dated 08.02.2022 Karnataka Chief Minister Basavaraj Bommai on Monday requested the Centre to extend the GST compensation for a period up to 2024-25. Bommai presented the request when he called on Union Finance minister Nirmala Sitharaman in…
Source: Economic Times dated 09.02.2022 The GST Council has made no recommendation so far to include petroleum products, including petrol, natural gas and aviation turbine fuel (ATF) under the GST. Inclusion of petroleum products will require recommendation of the GST…