'Pizza' Trends On Twitter After Pizza Toppings Said To Attract 18% GST

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.

The CBIC on Thursday cautioned the public against sharing Aadhaar and PAN details without a valid reason or for monetary gains, saying that the information could be misused by fraudsters for GST evasion.

The revenue collections from goods and services tax (GST) fell by 5.64 per cent in February to Rs 1.33 lakh crore.

GST officers unearthed a racket of 54 bogus firms involved in fake invoicing of Rs 611 crore involving tax evasion of Rs 38.5 crore.

The Central Goods and Services Tax (CGST) Commissionerate in Navi Mumbai on Wednesday said it has busted a racket of fake input tax credit (ITC) invoices worth Rs 21 crore and arrested the proprietor of a firm.

The Maharashtra GST department has arrested a couple from Surat in neighbouring Gujarat for tax evasion and an input tax credit (ITC) fraud of over Rs 450 crore, an official said on Friday.

Government is open to considering the restaurant industry's demand of shifting back to higher GST along with benefit of tax credit on their inputs