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Govt waives off late fee on GST returns

The government has launched a one-time scheme to waive late fee for delayed furnishing of filing the goods and services tax (GST) return-1 form...

Finance Ministry crafting strategy to boost GST revenues

Alarmed by a nearly four-fold rise in GST compensation to states for June-July, the FinanceNSE -0.59 % Ministry is crafting a strategy to shore...

Centre planning to cut GST slabs to two from the present five, says top...

The Centre is planning to slash the number of GST rate slabs from the present five to two in the near future, according to...

Not so simple: Annual GST return seeks additional details from taxpayers

The Government, on September 4, 2018, notified the format for filing annual return for both regular dealers (GSTR-9) and composition dealers (GSTR-9A). The new...

Finance Ministry simplifies GST refund claim process for businesses

Easing compliance burden for businesses, the Finance Ministry has said GST refunds can be claimed by simply submitting a printout of 'GSTR-2A' form to...

GST authorities get their act together to plug gaps

A slew of recent circulars by the central and some state GST authorities, along with notices being shot off questioning previously undetected discrepancies in...

GST mop-up drops to Rs 93,960 crore in August

GST collections dropped to Rs 93,960 crore in August from Rs 96,483 crore in the previous month, the Finance Ministry said Saturday. The total number...

GST returns: New system unlikely before next elections

The roll-out of the new simplified return-filing system for the goods and services tax (GST), which was to kick in from January 2019, may...

Govt may increase scrutiny on GST filings to check tax leakage: Report

The government is planning to analyze data from GST returns, income tax filings and transfer pricing submissions to check there's been any leakage in...

GST Council considering Kerala government’s proposal of ‘calamity tax’

The GST Council is expected to deliberate on a special tax or cess to raise additional resources aimed at meeting the cost of reconstruction...

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