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Delayed filing of returns: Rs 4,172 crore late fee collected since GST launch

A total of Rs 4,172.44 crore was collected by the government as late fee for delayed filing of various goods and services tax (GST)...

GST relief for real estate: State FMs to recommend 5% rate on under-construction houses

A group of state finance ministers (GoM) on Friday decided to recommend a GST rate cut on all under-construction houses to 5%, from 12%...

Tax authorities to levy interest on cash, ITC component of GST paid after due...

Tax authorities have made it clear that interest will be levied on both cash and input tax credit (ITC) component of GST paid after...

After positive budget, sector pins hopes on GST Council

Happy with the interim budget announced on February 1, the industry is now pinning its hopes on finance minister Piyush Goyal and the GST...

GST collection surpasses Rs 1-lakh crore in January

GST collections in January crossed Rs 1 lakh crore-mark, after a gap of 2 months, the Finance Ministry said Thursday. "The total gross GST Revenue...

₹543 Cr. GST scam busted

Directorate General of GST Intelligence (DGGI), Chennai Zonal Unit, has busted an alleged ₹543 crore fake invoices scam and arrested the kingpin behind it. The...

Consensus builds up for ₹40 lakh sales threshold for GST registration in all states

All states, barring hill states, are moving towards a uniform sales threshold of ₹40 lakh for businesses to register for goods and services tax...

GST trouble: January collections may be the lowest this fiscal

The goods and services tax (GST) collected in January (for December) is seen to be the lowest in the current fiscal. While the average...

GST: These 10 judgments should offer clarity on ambiguous rules

While the government has amended the GST law a few times since its rollout, a lot of the changes in the provisions and concepts...

Soon, No E-Way Bill If GST Returns Not Filed For Six Months

Non-filers of the Goods and Service Tax returns for six consecutive months will soon be barred from generating e-way bills for movement of goods. The...

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