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Punjab, Delhi, Kerala, Telangana, and West Bengal are 5 states which are not ruled by the Bharatiya Janata Party (BJP). On Monday, August 31, 2020, all these 5 states rejected the proposal of the Central Government that has been suggested in the 41st GST Council Meeting Get all updates of the GST Council 41st Meeting […]
GST revenue collection has again fallen down in numbers for the Month of February. The month witnessed a lower GST collection of Rs 97, 200 crores against Rs 1 lakh crore which has been collected in the month of January.
The Goods and Services Tax (GST) which was rolled out on 1 July 2017 is a consumption tax which is charged on the supply of goods and services in India. The collection under GST is not able to touch the targets and are falling short of it.
The government is concerned regarding the Rs 50,000-crore shortfall generated in goods and services tax collections during the year 2017-18. Although, the government hopes to compensate this shortfall with the collection hike of 67% in the year 2018-19 and expects to cut rates before the 2019 elections.
The Orissa High Court recently criticised the automatic rejection by the Goods and Services Tax (GST) authorities of a rectification application submitted by Jindal Steel. This application addressed a noted discrepancy between the tax amounts reported in GSTR-3B and the E-way Bill on the portal. Jindal Steel is a recognised entity in the Indian iron […]
As per the Union Finance Minister Nirmala Sitharaman, she will monitor the execution of the GST rate reduction and ensure that the common man will benefit. The significance of public participation has been outlined by the Finance Minister. She asked the citizens to report those businesses that will not lessen the costs even after the […]
The Karnataka garment and hosiery sector is calling for significant changes in the Goods and Services Tax (GST) structure. Industry representatives are urging the GST Council to establish a uniform 5% tax rate on apparel and hosiery products and to include petroleum products within the GST framework. They argue that the existing system of multiple […]
The Calcutta High Court has ruled that the GST (Goods and Services Tax) authorities are allowed to issue separate notices under Sections 73 and 74 of the CGST/WBGST Act for the same tax period, given the basis of each notice is not same, however, it quashed the notice which raised the issued which already dealt […]
The State of Andhra Pradesh has seen an increase in tax collection, which is a positive change compared to the decline that happened in November and December. By using smart policies and better ways to follow rules, the state saw its GST revenue grow steadily in the first three months of 2025. April 2025 was […]
