Union Finance Minister Nirmala Sitharaman, who is the chairperson of the GST Council, said as many as 15 items were on agenda during today's GST Council meeting, of which eight were completed, and the remaining are to be carried forward to the next council meet.
The Group of Minister's (GoM) report on setting up appellate tribunals to hear disputes, and decriminalisation of GST law will be the key agenda of the 48th GST Council Meeting, sources told ANI. The 48th GST Council meeting is scheduled to be held on December 17 through video conferencing.
Goods and Services Tax was introduced in the country with effect from July 1, 2017 and states were assured for compensation for loss of any revenue arising on account of implementation of GST as per the provisions of the GST (Compensation to States) Act, 2017 for a period of five years.
Saket Dalmia, President, PHD Chamber of Commerce and Industry, said there must be focus on decriminalisation and reduction in costs of doing business. For financial mistakes, there should be financial redressal such as penalties and not imprisonment, according to a statement from the indu
The revenue for October 2022 is the second highest monthly collection, next only to the collection in April 2022 and it is for the second time the gross GST collection has crossed Rs 1.50-lakh-crore mark, the government, according to the ministry of finance.
New Delhi [India], October 28 (ANI/ATK): Resources are needed for the smooth functioning of government systems. The government pays special attention to tax management for resource mobilization. There were many discrepancies in the context of indirect tax in India. GST i.e. Goods and Serv
Hyderabad (Telangana) [India], October 23 (ANI): A day after launching a postcard campaign, Telangana Handlooms and Textiles Minister KT Rama Rao started an online petition appealing to the Union Government to remove Goods and Services Tax (GST) on handloom products in order to safeguard liv
New Delhi [India], October 21 (ANI):The GST Implementation Committee of GST Council has approved the extension of the due date of filing GSTR-3B return for the month of September 2022, for the monthly filers, from 20th October, 2022 to 21st October 2022, the Central Board of Indirect Tax and
New Delhi [India], October 6 (ANI/SRV): The India office of ProChile, the agency of the Ministry of Foreign Affairs of Chile, which promotes the export of Chilean goods and services and whose role is to boost the commercial relationship between Chile and India hosted a one-of-a-kind event ti
New Delhi [India], October 1 (ANI): The gross revenue from goods and services tax (GST) surged by 26 per cent year-on-year to Rs 1,47,686 crore in September 2022, as per the government data released on Saturday.