GST Collections Touched Rs 1.16 Lakh Crore In July 2021

Goods and Services Tax (GST) collections for July 2021 were Rs 1.16 lakh crore, 33 per cent more than the corresponding period of last year.

Prahlad Modi, Prime Minister Narendra Modi's brother and vice-president of All-India Fair Price Shop Association, today asked traders not to pay GST till their demands are met by authorities and advised them to launch an agitation over the issue.

The Delhi Police has busted a fake call centre running in Rohini and arrested seven people for allegedly duping hundreds by obtaining their bank account details on the promise of providing them with an SUV by paying just 1 per cent GST of its cost.

A whopping Rs 338 crore racket of fake invoicing has been unearthed by GST officials in a major bust of tax evasion scam in Assam.

A petition has been filed before the Supreme Court seeking constitution of the Goods and Services Tax Appellate Tribunal.

In a statement issued by the Finance Ministry, it said the amount has been released under the back-to-back loan facility in lieu of GST compensation.

Kerala Chief Minister Pinarayi Vijayan on Tuesday urged the central government to set up an AIIMS in the state as well as provide pending GST dues worth over Rs 4,500 crore.

Chamber of Trade and Industry also urged the central government to withdraw the increased excise duty that was introduced last year due to the COVID-19 pandemic.

GST collections after regularly crossing the Rs 1 lakh crore mark for eight months in a row, fell below it in June 2021.

''I have promised to hold a special session, in which we will discuss about, all GST compensation-related issues," Finance Minister Nirmala Sitharaman said.

In a message to tax officers on fourth anniversary of GST, she said in the last four years the taxpayer base has almost doubled from to 1.28 crore.

Micro Small Medium Enterprises Minister Nitin Gadkari has suggested a simple and transparent methodology to rate MSMEs.

SBI said it will charge Rs 15 plus GST per cash withdrawal for transaction at bank branches, SBI ATMs or from other banks' ATMs beyond 4 free cash withdrawals

An Odisha government agency working under the Goods and Services Tax (GST) directorate on Monday unearthed a racket that issued fake invoices to the tune of Rs 106 crore, which caused a loss of Rs 19.04 crore to the state exchequer in the form of in