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Karnataka CGST Zone disburses ₹1,702 cr GST refunds during lockdown

The claims of 2128 had been processed by Karnataka Central Tax Zone . Also, it had disbursed ₹1,702 crore as GST refunds during the...

GST revenue fell 56% in April-May

Due to nationwide lockdown, the GST Collection and the consumption of diesel had fell by 56% and 42%, respectively in the first two months...

Parotas placed in 18% GST bracket

The Authority for Advance Ruling, Karnataka had recently given a ruling by placing parothas under 18% GST bracket. However, a supplier of ready-to-cook food,...

Salaries paid to company directors not to attract GST: CBIC

The CBIC had said that salaries paid to the directors who are employees of the company shall not attract GST. This clarification comes after...

Government rolls out facility of filing of Nil GST return through SMS

In order to make the compliances easier under GST, the government has finally announced the filing of Nil GST monthly return in FORM GSTR-3B...

GST Council to meet on June 12

The GST Council is expected to meet on June 12 to discuss the coronavirus impact on tax revenues. This 40th meeting will be held...

GST blow to agriculture-based horse racing industry in Bengaluru

The senior Bangalore Turf Club steward V Harimohan Naidu told TOI that Horse racing is just like any other job sector and not just the...

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