Tag Archives: GST

Prima facie, an input tax credit of Rs 18.66 crore was used on false invoices. (Figurative) Nagpur: The GST Directorate General of Intelligence (DGGI) arrested two business enterprise owners from Aurangabad in Maharashtra in connection with alleged fraudulent transactions of more than 170.35 million rupees, according to an official statement. …

The 28 states and the three Union Territories (UT) with legislatures have decided to opt for Option 1 to cover the income deficit that arises from the implementation of the Goods and Services Tax (GST), according to an official statement from the Ministry of Finance. Jharkhand, the only remaining state, …

All states and territories in the Union have decided to opt for the first option offered by the Center to cover the revenue shortfall arising from the implementation of the Goods and Services Tax (GST) and Jharkhand becomes the latest state to join the list, the government said Saturday. . …

Speaking at the 18th edition of the Hindustan Times Leadership Summit, Sitharaman appeared to suggest that apart from the economic downturn before and after the pandemic, frequent adjustments in GST rates negatively affected revenue collection. “Ideally, I have been requesting that the council not decide at each of its sessions …

Chhattisgarh is the latest state to accept the Center’s loan option of Rs 1.1 lakh crore to cover the deficit of the Goods and Services Tax (GST) in 2020-21, making Jharkhand the only dissident. “The Chhattisgarh government has communicated its acceptance of Option-1 to cover the revenue shortfall arising from …

Goods and Services Tax (GST) revenue exceeded Rs1 lakh crore for the second month in a row at Rs104,963 crore in November, registering an annualized growth of 1.4%. Revenues, however, fell marginally by 0.18% compared to the 105,155 crore collected the previous month. However, GST collections have shown positive growth …

Of the total collection, the government obtained a CGST of Rs 19,189 crore, SGST of Rs 25,540 crore, IGST of Rs 51,992 crore and Cess of Rs 8,242 crore. The government raised GST revenue of more than Rs 1 lakh crore per second consecutive month in November 2020. GST collections …

GST collections for the month of November have remained almost unchanged month over month and increased 1.4% on an annual basis to ₹Rs 1,04,963 lakhs, the government said on Tuesday. The collections reached ₹1,03,491 lakh crore in November 2019 and ₹1,05,155 lakh crore in October 2020. “The gross GST revenue …

The GST Directorate General of Intelligence (DGGI) has so far arrested 59 people, including three public accountants (CA), in 10 days of its national campaign against the submission of false invoices for goods and services tax (GST). According to people familiar with the events, Mitesh M Shah, whom the DGGI …

NEW DELHI: Kerala and West Bengal have accepted the Center loan proposal and you will get Rs 10.197 crore through the special window to meet GST income deficit. These are among the states that had opposed the borrowing plan. “The governments of Kerala and West Bengal have communicated their acceptance …