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[ad_1] Despite insignificant Good & Services Tax (GST) collections, the Centre on Wednesday released ₹15,340 crores as GST compensation to States/Union Territories. Despite insignificant Good & Serv
[ad_1] Automobile manufacturing is gradually restarting as curbs put in place to check the spread of coronavirus are eased. The question is whether there will be adequate demand and, more importantly, what the government can do to encourage sales. Mint takes a look.
[ad_1] The finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds The Central Board of Indirect Taxes (CBIC) on Monday said
[ad_1] An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017
[ad_1] Payment of Tax by Fixed Sum Method under QRMP Scheme 03/02/2021 e.f. 1st January 2021, following two options, are available to the Taxpayers who are under Quarterly Returns and Monthly Payment of Tax (QR
[ad_1] The States Goods and Services Tax (SGST) collections are expected to contract by 30 per cent to ₹3.5 lakh crore in FY21 from ₹5 lakh crore in FY20, reflecting lower consumption of non-essential items in the aftermath of the Covid-19 pandemic, according to credit rating agency ICRA.
[ad_1] Faced with a sharp decline in GST collections due to lockdown and disruptions in economic activities across the country, the government is looking at paying GST compensation to states using a portion of its borrowings and repaying it by collecting cess in the sixth or further subsequent yea
[ad_1] GST anti-profiteering authority has found real estate firm Emaar MGF guilty of profiteering of Rs 13.35 crore and directed it to return the amount to 1,239 homebuyers with 18 per cent interest. The Nat
[ad_1] The Central Board of Indirect Taxes (CBIC) had received representations from exporters saying in some cases the Integrated GST (IGST) refunds are getting delayed by over 6 months. The CBIC has asked GS
[ad_1] It was only to be expected that a government that has always given importance to optics and catchy phrases would do the same when the Prime Minister announced the ‘Atmanirbhar Bharat’ scheme. It did not take long for the optics to come out – ₹20 lakh crore was sanctioned exactly 20
