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Underpayment of GST by about 34%, firms get scrutiny notices for mismatch

GST officers have started sending scrutiny notices to companies whose tax payment did not match the final sales return, after revenue authorities detected underpayment...

Changing face of filing returns under GST

Original Model Three forms are to be filed in a month and one additional annual return. So, total 37 returns are to be filed. GSTR1 is...

GST Council to take a call on converting GSTN into a Govt-owned company

Amid data security concerns, the GST Council will take a call on converting GST Network (GSTN), the IT backbone of the indirect tax system,...

GST Council to select hybrid model for simplifying filing returns on Friday

In a relief for businesses, the Goods and Services Tax Council is to simplify filing of returns at a meeting on Friday, through a...

April GST collections cross Rs 1 trillion, Jaitely terms it ‘landmark’

Buoyed by GST collections exceeding Rs 1 trillion in April, Finance Minister Arun Jaitley today said it is a landmark achievement and a confirmation...

GST revenue target set at Rs12 trillion for FY19

The GST Council has set Rs12 trillion as the target for goods and services tax collections for the current financial year, buoyed by rising...

Quoting Unique Identity Number on GST invoice is mandatory

Quoting of the Unique Identity Number (UIN) allotted to diplomats and multilateral agency officials serving in India is necessary on the sale invoice, the...

GST collection in first 9 months of its roll out at Rs 7.41 trillion

Goods and Services Tax (GST) collection in the first nine months of its roll out during 2017-18 stood at Rs 7.41 trillion, even as...

Changing GST rules, pending refunds continue to hamper SEZ exports

Incessant changes to the goods and services tax (GST) rules, also affecting refunds, and procedural issues affect export from special economic zones (SEZs). The...

Jaitley to chair GST Council on May 4, simplifying return form on agenda

Finance Minister Arun Jaitley-chaired GST Council will meet on May 4 to discuss a simpler return form and the amendments required in the indirect...

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