Govt extends April GST payment date till May 24 amid tech glitches
CBIC directs Infosys to address certain tech glitches with the GST portal at the earliest.
goods and services tax
May 2022
March 2022
December 2021
October 2021
January 2021
GST revenue scales to all-time high of ₹1.68 lakh cr in April
April GST collection is 18% more than the previous record of ₹1,42,095 crore in March, as per finance ministry data.
GST increased tax burden on hospitals, diagnostics
A study shows that essential medicines and life-saving drugs account for a major proportion of embedded taxes for hospitals.
GST evasion: Govt recovers ₹95.86 crore from crypto exchanges
The total quantum of tax evasion detected was ₹81.54 crore.
Promise of GST not utilised due to multiple slabs, excess authority to Centre: Subhash Garg
Garg maintains that due to the compromises the promise of the GST has not been utilised fully resulting in current revenues at 11–11.5%.
Feb GST slips sequentially to ₹1,33,026 cr, but up 18% Y-o-Y
Experts opine that GST collections over ₹1,30,000 crore despite the third wave indicate that the compliance measures are making an impact.
Textile duty hike put off by GST Council
While the decision will provide a breather to the textile sector, experts believe that a permanent solution is needed in the matter.
GST Council meet on Dec 31, hike in textile duty to be reconsidered
Top sources say the Council will discuss hiked GST rate on textile, which has been opposed by trade bodies due to feared loss of business.
Record H1 GST sets stage for greater buoyancy, eco recovery
Gross GST revenue at ₹6,82,365 crore in H1 FY22, against ₹6,06,294 crore in the pre-pandemic period of H1 FY20
Budget 2021: Industry seeks tax clarity and relief
Considering the adverse effects of the Covid-19 pandemic and the ensuing recession, businesses hope for this Budget to be a game changer.
