Centre Exempts Imported Covid Relief Material From IGST Till June 30

The IGST waiver will also be applicable on those materials which have been donated or received free of cost from other countries for donation purpose.

Haryana Deputy Chief Minister Dushyant Chautala wrote to Union Finance Minister Nirmala Sitharaman, urging the Centre to consider exempting GST on oxygen concentrators to make these machines more affordable for the public amid the raging pandemic.

Taxpayers with a turnover exceeding Rs 5 crore will have an additional 15 days to file their monthly summary return GSTR-3B without paying any late fees

The government on Saturday slashed Integrated GST rate on oxygen concentrators for personal use to 12 per cent, from 28 per cent earlier, for two months till June 30.

According to the Ministry of Finance, the GST revenue in April 2021, is the highest ever since the introduction of the GST system, surpassing the collections made in March 2021

The course will be delivered online through live and interactive webinars, and recorded presentations. The total duration of the course is 15-20 hours. Training will be provided once a week in two-hour sessions, the ICSI said.

Net tax receipts, comprising corporate and individual taxes, have also risen to Rs 9.45 lakh core for the 2020/21 fiscal year, surpassing a revised target.

The provisional figures released by the Ministry of Finance on Tuesday, further indicated that the net indirect tax collection for 2020-21 showed that 108 per cent of the Revised Estimates (RE) of indirect taxes for that fiscal have been achieved.

JioFiber is offering extra validity on its annual and six-month plans. For instance, if the Rs. 399 base plan is purchased as an annual package, i.e. for 12 months, the price of this annual recharge becomes Rs. 4,788 (plus GST). This pack earlier came with 365 days validity, but Jio Fiber is now giving 30 days extra on the plan.

The total revenue of Centre and the States after regular and ad-hoc settlements in the month of March 2021 is Rs 58,852 crore for CGST and Rs 60,559 crore for the SGST.

Bringing petrol and diesel under the GST regime is not possible for the next 8-10 years as no state is ready to face the annual revenue loss of over Rs 2 lakh crore on this account, BJP member Sushil Kumar Modi said in Rajya Sabha on Wednesday.

Amid outcry over high taxes on petrol and diesel, Finance Minister Nirmala Sitharaman on Tuesday said she would be "glad" to discuss the suggestion of bringing petrol and diesel under the ambit of the Goods and Services Tax at the next meeting of the GST Council.

Central government's LTC cash voucher scheme makes it easier to claim LTC benefits without travelling. Eligible employees can simply buy good and services with GST rates of 12 percent and above through digital platforms. In this article, we explain everything you need to know.

Amid record-high fuel prices, Finance Minister Nirmala Sitharaman on Monday said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST).