Tag: GST News
GST NEWS
GST compensation shortfall: Kerala may take Option 1 under protest
After initially rejecting both options, Kerala might become the third of the dissenting states to take up the Rs 1.1 lakh crore borrowing option....
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
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
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...
GST NEWS
Companies get GST audit notices from various States
Multinational companies have started getting notices from state GST authorities even though Centre is talking about lowering compliance burden. These notices are relayed with...
GST NEWS
GST borrowing quantum has to be reasonable, will continue to request states to join: Finance Secretary
Finance Secretary Ajay Bhushan Pandey has said that quantum of borrowing should be reasonable to meet GST shortfall. This should not impact the economy...
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