Government Says Rs 95.86 Crore Recovered From 11 Cryptocurrency Exchanges For GST Evasion

Government on Monday said Rs 95.86 crore have been recovered from 11 cryptocurrency exchanges for evasion of Goods and Services Tax

The Union Finance Ministry on Friday said it has released the 13th weekly instalment of Rs 6,000 crore to 23 states and three Union Territories (UTs) to meet the GST compensation shortfall.

A jewellery firm director was fined SGD104,400 on Wednesday for conspiring with five Indian tourists to unlawfully obtain goods and services tax (GST) refunds that they were not entitled to.

The CBI has arrested a senior intelligence officer, working in the office of the Directorate General of GST Intelligence (DGGI) in Ghaziabad, for allegedly taking a bribe of Rs 60 lakh, officials said on Sunday.

The government is working on classifying cryptocurrency as goods or services under the GST law so that that tax can be levied on the entire value of transactions.

Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday rejected the demand of BJP legislators to make "The Kashmir Files" tax-free in the state, saying if the Centre waives GST on the movie, it will apply to the entire country.

Pizza was among the top trends on Indian Twitter, and the reason was that pizza toppings were said to attract a higher GST at 18%.

Over Rs 53,600 crore of GST compensation for the current fiscal is yet to be released to the states, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Tuesday.

The government has reduced the Goods and Services Tax (GST) rate on domestic maintenance, repair, and overhaul (MRO) services to 5 per cent from 18 per cent in order to support the aviation sector, Minister of State for Civil Aviation General (Retd) V K Singh said on Monday.

Many states have requested an extension of the compensation mechanism under the GST beyond June 2022, Finance Minister Nirmala Sitharaman said on Monday.

Finance minister Nirmala Sitharaman expressed concern over rising crude prices and indicated that government is looking to tap alternative sources

Introduction of GST impacted prices of many things people use in their daily lives including automobile prices.

GST council may look at raising the lowest tax slab to 8 per cent, from 5 per cent and prune the exemption list in the regime

A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake GST input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm named Zaid Enterprises on Saturday.