Tag: goods and services tax
GST NEWS
Amount of fraud in GST needs cautious approach: Official
An official from GST administration said that CGST Department need to be cautious since fraud related to fake input tax credit are happening. Deputy...
GST NEWS
GST collections expected to be 30% lower at Rs 9 lakh crore in FY21
The current financial year may end with a 30 percent drop in Goods and Service Tax (GST) collections. This would be difficult for the...
GST NEWS
Rajasthan accepts Centre’s borrowing option to meet GST shortfall
Rajasthan has accepted Centre’s borrowing option to meet GST shortfall. The state government has opted for Option 1. The Finance Ministry said that the...
GST NEWS
GST figures hint at economic recovery in Nashik division
The GST collections in five districts under the Nashik divisional officefor the months of September and October has increased by 20% when compared to...
GST NEWS
Odisha gets second tranche of GST compensation
Odisha has received Rs. 287.12Crore in second installment of GST compensation. Out of the Rs.12,000Crore released by Centre, Odisha has got Rs  576.92 crore....
GST NEWS
Govt. should urge Centre to reduce GST on construction: Ponnaiyan
Ponnaiyan, Vice-Chairman, State Development Policy Council (SDPC), said that state-government should recommend to the Centre to reduce GST for the construction sector. He further...
GST NEWS
GST: Madras HC order quashing levy of interest on ITC component
Madras High Court has set aside orders for levying interest on input tax credit as applied on delayed payment. A taxpayer under GST can...
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