10 years of NDA: GST, the landmark tax reform, stabilises after a rocky start

[ad_1] As the Indian electorate goes to vote to choose candidates for the 18th Lok Sabha, the ruling NDA government will be showcasing the roll-out and implementation of the Goods and Services Tax (GST) as one of its significant achievements.This...

IIT Hyderabad to aid Telangana authorities GST-fraud probe

[ad_1] Hyderabad: The Indian Institute of Technology, Hyderabad, has announced that it will continue to supply any information needed from time to time and will offer Telangana Commercial Taxes officers all assistance available in their probe into the most recent...

MHI considers proposal to lower GST on flex fuel vehicles, but auto industry divided on the matter

[ad_1] The Centre is in discussions with the industry on the proposed lowering of the Goods and Services Tax (GST) on flex-fuel vehicles (FFVs) from the current rate of 28 per cent, but has not come to a consensus yet...

Leverage technology to provide better taxpayer services, FM tells GST officials

[ad_1] Finance Minister Nirmala Sitharaman on Monday urged all the GST formations to leverage technology to plug the loopholes as well as provide better taxpayer services. She also called for clarity on classification-related issues that should be looked into at...

FM Sitharaman to inaugurate conference of GST enforcement chiefs on Monday

[ad_1] Finance Minister Nirmala Sitharaman will inaugurate, on Monday, a conference of enforcement chiefs of all State and Central GST officers to tackle tax evasion.In the conference, Goods and Services Tax (GST) formations will deliberate on combating GST evasion, including...

GST mop-up surges 12.5% to ₹1.68-lakh crore on better consumption, compliance

[ad_1] Better consumption, improved compliance and good collection in majority of States helped mop-up from GST to ₹1.68-lakh crore in February. This is 12.5 per cent higher than February of 2023. However, there is no indication about rate rationalisation in...

GST mop-up grows 12.5% to over ₹1.68-lakh cr in Feb

[ad_1] The GST collection in February grew 12.5 per cent to over ₹1.68-lakh crore, buoyed by domestic transactions, the finance ministry said on Friday.The total gross GST collection for the current fiscal (April 2023-February 2024) stands at ₹18.40-lakh crore, 11.7...