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GST

GST revenue collection increased by 16% in December 2019, crosses one lakh crore rupee mark

GST revenue collection increased by 16% in December 2019, crosses one lakh crore rupee mark

By Palak Vaghela 02 Jan 2020
Number of active GST taxpayers crosses upto 1 croreIndia

Number of active GST taxpayers crosses upto 1 crore

<p>A range of measures to go after tax defaulters and simplifying the GST filing process was discussed by the Group of Ministers headed by Bihar Deputy Chief Minister Sushil Modi in Bengaluru yesterday. Briefing media persons in Bengaluru, Sushil Modi informed that the number of active GST taxpayers has gone up to one crore twenty-one […]</p>

By Palak Vaghela 24 Dec 2019
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GST Council fixes 28% tax rate on lotteryIndia

GST Council fixes 28% tax rate on lottery

<p>The Goods and Services Tax, GST Council approved to increase the rate for lotteries. A single GST rate of 28% will be imposed on state-run and private lotteries. Revenue Secretary Ajay Bhusan Pandey said, the council has decided to rationalise GST rate on Oven and Non-Oven Bags to 18%. The rates on lottery and oven […]</p>

By Palak Vaghela 19 Dec 2019
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Centre releases Rs 35,298 crore GST compensationIndia

Centre releases Rs 35,298 crore GST compensation

<p>Centre releases Rs 35,298 crore as GST compensation to states. The move came two days ahead of the GST Council meeting scheduled for Wednesday. The central government on Monday released Rs 35,298 crore to states to make up for the loss of revenue due to rollout of the Goods and Services Tax (GST). When GST […]</p>

By Palak Vaghela 17 Dec 2019
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