GST

Number of active GST taxpayers crosses upto 1 crore

By Connect Gujarat Desk 24 Dec 2019

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 Connect Gujarat Desk 19 Dec 2019

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India

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 Connect Gujarat Desk 17 Dec 2019

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