GST Collections Touch Rs 1.30 Lakh Crore In October

Goods and Service Tax (GST) collections rose to Rs 1.30 lakh crore in October, the second highest since its implementation in July 2017

The Goods and Services Tax (GST) mop-up for the month of October stood at over Rs 1.30 lakh crore, 24 per cent higher than the GST revenues in the same month last year.

Finance Ministry has released Rs 44,000 crore to states as part of the back-to-back loan facility in lieu of GST compensation

The central government in its plea argued that Bharti Airtel had under reported input tax credit for the period between July-September 2017.

The Central Board of Indirect Taxes and Customs (CBIC) said the due date to file the quarterly GSTR-3B return for July to September, is October 24.

NCP chief Sharad Pawar today hit out at the centre for blaming the states for delaying the payment of coal, adding that the centre is yet to give the GST amount to the state but nobody is saying anything on the issue.

The comments from the top politician comes at a time when petrol and diesel prices in the country have been on rising spree in India, driven by a surge in global crude oil rates

The officers of CGST Commissionerate, Delhi East unearthed a network of fictitious exporters who were availing and utilizing fake Input Tax Credit (ITC) of Rs 134 crore under the Goods and Services Tax (GST)

The first meeting of the Group of Ministers set up for rationalising GST rates and to shore up revenue will be held soon, its chairman and Karnataka Chief Minister Basavaraj Bommai said on Friday.

Government has released Rs 40,000 crore to states to help them meet the shortfall in goods and services tax (GST) compensation

GST revenue collected in September 2021 touched a five-month high at Rs 1.17 lakh crore, remaining above the Rs1 lakh crore mark for the third month in a row

Finance Ministry has set up two panels which will look into issues like rationalisation of GST slabs and easing compliance for tax payers.

The Central Board of Indirect Taxes and Customs (CBIC) has amended GST rules bringing in various anti-evasion measures, including disbursal of GST refunds only in the bank account, which is linked with same PAN on which Goods and Services Tax (GST) registration has been obtained.

Petrol prices in the country are not coming down as the states do not want to bring fuel under the ambit of the Goods and Services Tax or GST, Petroleum Minister Hardeep Singh Puri said.