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Govt forms panel to resolve GST issues troubling real estate sector

The government on Tuesday announced the composition of a seven-member Group of Ministers (GoM), which will examine and suggest ways to resolve the issues...

9 Facts You Must Know About the New GST Limit of Rs 40 lakh

The Goods and Services Tax (GST) council in its 32nd meeting held last week, announced a lot of changes including the fact that the...

Companies may soon be able to rectify GST returns for Non-IT errors

Indian businesses may soon be able to amend goods and services tax (GST) return mandated for carrying forward tax credit from the previous regime...

GST Intelligence unit busts Rs 100-crore fake invoice racket in Gujarat

In a yet another racket of fake Goods and Services Tax (GST) bill being issued without actual supply of goods for claiming input tax...

GST Council Meet: GST exemption limit increased from Rs 20 lakhs to Rs 40...

The GST Council relaxed the tax exemption limit to Rs 40 lakh from the earlier cap of Rs 20 lakh during its 32nd meeting...

GST, excise, service tax evasion of Rs 48,555 crore detected during Apr-Dec 2018

GST, central excise and service tax evasion detected during the April-December period of the current financial year stood at Rs 48,555 crore, the highest...

What to expect from the GST council’s meeting on January 10?

Of all the major policies of the Narendra Modi government, the Goods and Services Tax (GST) has probably seen the most number of revisions,...

GST ministerial panel favors Kerala levying 1% cess for 2 years

The ministerial panel under Bihar Deputy Chief Minister Sushil Modi Sunday approved levy of 1% ‘calamity cess’ by Kerala for a period of two...

GST Council to meet on Jan 10; to consider 5% GST on under-construction flats

The GST Council is slated to meet on January 10 to discuss lowering GST on under-construction flats and houses to 5 per cent, as...

GST mop-up drops to Rs 94,700

GST collection dropped to Rs 94,726 crore in December 2018, lower than Rs 97,637 crore collected in the previous month. Compliance however improved during the...

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