Centre Allows Filing Of SMS-Based Nil GST Return, To Benefit 22 Lakh Taxpayers

GST Return: Businesses with a nil GST liability in a month will be able to file their return through form GSTR-3B using this SMS-based facility.

The highly awaited scrappage policy and lowering of GST rates could play an essential role in reviving the commercial vehicle sector, which has been facing a constant downward trend for quite some time now. According to a top Ashok Leyland official, the GST rate cut and the scrappage policy will be beneficial in reviving the Indian CV space. As per the report from PTI...

A Pakistani man has been arrested by the central GST intelligence officials for illegally selling pan masala worth crores of rupees in parts of Madhya Pradesh, Maharashtra and neighbouring states even during the lockdown period, officials said on Thursday.

Finance ministry sources said raising GST rates will further hit demand and impede growth

Finance Ministry sources said that a calamity cess might have a counter-productive effect on sales, which are already low

Tamil Nadu has suffered an estimated Rs 35,000 crore GST revenue loss during the ongoing COVID-19 lockdown and various austerity measures have been taken to handle the situation, Chief Minister K Palaniswami said on Saturday.

According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 45,914 per 10 grams - excluding Goods and Services Tax (GST).

According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 45,743 per 10 grams - excluding Goods and Services Tax (GST).

Minister of Heavy Industries and Public Enterprise Prakash Javadekar on Thursday held a meeting with the auto industry leaders where they suggested ways to restart the industry after the COVID-19 lockdown gets over.

Assam today said that no reimbursement of GST to industries will be allowed in the first quarter of the current financial year, as the state introduced several strict measures to fight the coronavirus crisis with almost no revenue collection.

The Cabinet cleared the proposal to include Article 168-A in the Maharashtra GST Act, 2017 on the lines of the Centre's move dated March 31 this year.

Congress leader Randeep Singh Sujrewala on Thursday said the fight against coronavirus will not be fought only at the centre but in every nook and corner of the country.

Congress MP Shashi Tharoor has written to Finance Minister Nirmala Sitharaman seeking to waive goods and services tax (GST) and other taxes on essential supplies. "I urge that manufacturers should still be allowed input tax credit so that the purchase price is unaffected. Govt can afford this small loss in a good cause," Mr Tharoor said.

Congress leader Rahul Gandhi on Monday urged the government to waive GST on all COVID-19-related equipment.