Centre Ready To Bring Fuel Under GST (Tax): Petroleum Minister Hardeep Singh Puri

The Centre is ready for bringing petrol and diesel under the Goods and Services Tax (GST) regime, but it is unlikely that the states will agree to such a move, Petroleum and Natural Gas Minister Hardeep Singh Puri said.

GST authorities have detected GST fraud of Rs 55,575 crore over the last two years and arrested over 700 persons for causing loss to the exchequer, an official said on Thursday.

Centre and state GST officers are working with online gaming sector experts to define 'games of skill' and 'games of chance' with a view to design different taxation structures for them, sources said.

A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms, an official said.

India’s Central Board of Indirect Taxes and Customs (CBIC) has asked crypto exchanges operating here to provide a list of all the cryptocurrencies that are being traded on their respective platforms. The process is expected to better determine the crypto transacting trends that are catching pace in the Indian fintech market.

Collections from Goods and Services Tax (GST) jumped to Rs 1,51,718 crore in October, the Finance Ministry said on Tuesday.

There is a huge need for skilled accountant professionals to support the GST system. Recognizing this fact, many educational institutions are preparing such training courses, which can prepare trained professionals to support the GST system.

The government has extended the deadline for filing GST returns for the month of September by a day to October 21, the Central Board of Indirect Taxes and Customs (CBIC) said on Friday.

The Gujarat Appellate Authority for Advance Ruling (GAAAR) has made a distinction between the two commonly consumed Indian bread explaining why they fall in different GST slabs.

Earlier, businesses having turnover of Rs 20 crore and above were required to generate e-invoices for all B2B transactions.

RSS-affiliated Bharatiya Kisan Sangh (BKS) on Monday announced a protest rally of farmers in the national capital on December 19 to press their demands for increasing financial assistance under the PM-KISAN scheme.

GST collections in September rose 26 per cent to over Rs 1.47 lakh crore, the finance ministry said on Saturday.

The government is working on decriminalisation of certain offences under GST by raising the threshold limit for launching prosecution and also lowering charges for compounding of offence, an official said on Wednesday.

The finance ministry has begun looking into the characteristics of cryptos, their usage and legal framework before the GST Council draws up a comprehensive indirect tax regime for crypto assets.