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The Goods and Services Tax (GST) collection has been showing an upward trend on an annual basis since its roll-out on July 1, 2017, and the average gross monthly mop-up in the current fiscal so far is Rs. 1.66 lakh…
Goods and Services Tax (GST) has acted as an engine for driving domestic consumption and helped households save on monthly bills since its implementation six years ago, the government said on Friday. Giving a comparison of the tax rates of…
The Gujarat Chamber of Commerce and Industry (GCCI) has demanded the Centre should waive penalty and interest on integrated goods and services tax (IGST) under the advance license scheme. Around 10,000 traders and units in the state, who have received…
A few states including Telangana have sought a five-year extension of the goods and services tax (GST) shortfall compensation, finance minister Nirmala Sitharaman told the Lok Sabha on Monday. As per Section 18 of the Constitution (One Hundred and First…
Finance Minister Nirmala Sitharaman on Tuesday took to Twitter to clarify the decisions taken by the GST Council in its 47th meeting. The council recommended reconsidering the approach for the imposition of GST on specified food items like pulses, cereals,…
Union Finance Minister Nirmala Sitharaman on Tuesday released a list of items that will not attract any GST, when sold loose, and not pre-packed or pre-labeled. Amid protests by opposition members over imposition of GST on some new items and…