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Govt can't slap GST on license fee: Companies drag taxman to court

Thursday, March 5, 2020, 5:25 PM

Govt can't slap GST on license fee: Companies drag taxman to court

At a time when telecom majors are embroiled in a crisis over paying AGR dues and GST refund, a group of small companies have dragged the government to court over tax on license and spectrum fees. The companies have filed a writ petition in the Goa-bench of the Mumbai HC and are challenging that the government cannot charge indirect tax for doing its duty.

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Lotteries to attract 28 per cent GST from March 1

Monday, February 24, 2020, 9:05 AM

Lotteries to attract 28 per cent GST from March 1

A 28 per cent Goods and Services Tax (GST) will be levied on lotteries from March 1, according to a notification. The GST Council had in December last year decided to impose a single rate of 28 per cent on state-run and authorised lotteries. The revenue department notified the GST rate on supply of lotteries and amended its earlier Central Tax (Rate) notification.

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Kerala finance minister presents budget with 15 % higher expenditure

Friday, February 7, 2020, 9:46 PM

Kerala finance minister presents budget with 15 % higher expenditure

Slump in revenue and a shortfall in Centre's assistance to the state has not deterred Kerala finance-minister Thomas Issac in presenting a budget for 2020-21 with expenditure declarations 15% above the revised estimates of 2019-20. The state was able to collect GST revenue of Rs 15030-crore till December 2019, in the place of Rs 28416-crore applying 14% growth rate taking 2015-16 as base year.

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Friday, February 7, 2020, 7:37 AM

"Issues I Raised As Chief Minister...": PM Modi Responds To GST Criticism

PM Modi attacked the Congress for the delay in implementation of the GST, saying that it was only after he took office that the outstanding issues were resolved, paving the way for the rollout of the unified tax regime. "I had said that you should address the manufacturing states issues in order to implement GST. (Arun) Jaitley ji addressed these issues," he added.

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Govt plans GST lottery offers of Rs 10 lakh-Rs 1 cr for encouraging customers to ask for bills

Wednesday, February 5, 2020, 8:23 AM

Govt plans GST lottery offers of Rs 10 lakh-Rs 1 cr for encouraging customers to ask for bills

The government is planning to introduce lottery offers between Rs 10 lakh and Rs 1 crore under the GST to encourage customers to take bills while making purchases. CBIC member John Joseph said every bill under the GST regime will provide a chance to the customers to win a lottery and that would act as an incentive for them to pay the tax.

News

 
Govt plans GST lottery offers of Rs 10 lakh-Rs 1 crore

Tuesday, February 4, 2020, 3:46 PM

Govt plans GST lottery offers of Rs 10 lakh-Rs 1 crore

The government is planning to introduce lottery offers between Rs 10 lakh and Rs 1 crore under the GST to encourage customers to take bills while making purchases. CBIC member John Joseph said every bill under the GST regime will provide a chance to the customers to win a lottery and that would act as an incentive for them to pay the tax.

News

 
CBIC extends GSTR-9 and GSTR-9C filing dates in a staggered manner

Saturday, February 1, 2020, 10:50 AM

CBIC extends GSTR-9 and GSTR-9C filing dates in a staggered manner

The CBIC extended the due date for furnishing GST Annual Return and Reconciliation Statement for FY 2017-18 in a staggered manner. "Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 3rd, 5th and 7th February-2020 as under," CBIC said.

News

 
GST collection crosses Rs 1.1 lakh crore in January

Saturday, February 1, 2020, 10:34 AM

GST collection crosses Rs 1.1 lakh crore in January

GST collections have crossed the Rs.1L-crore mark for the third-month in a row in January with improved compliance and plugging of evasion, sources said. According to provisional numbers, total GST revenue was Rs.1.1L-crore in January, they said. The GST collection is in line with the target set by Revenue Secretary Ajay Bhushan Pandey after a high-level meeting with senior tax officials earlier this month.

News

 
GST collections cross Rs.1L-cr mark three months in a row in January

Tuesday, January 28, 2020, 11:55 AM

GST collections cross Rs.1L-cr mark three months in a row in January

GST collections have crossed Rs 1 lakh crore mark for the third month in a row in January 2020. GST collection recorded in January 2020 is likely to be between Rs 1.08 lakh crore to Rs 1.13 lakh crore, according to the source. After the collections rose to over Rs 1 lakh crore in November, this is the third time that collections have swollen.

News

 
Government blocks Rs 40,000 crore GST claims on returns mismatch

Tuesday, January 28, 2020, 11:37 AM

Government blocks Rs 40,000 crore GST claims on returns mismatch

The Central Board of Indirect Taxes and Customs (CBIC) has frozen tax credits of around Rs 40,000 crore as the returns did not match, exposing alleged fraud by close to 2,000 entities, apart from cases where returns were not filed. Last week, the indirect tax wing of the revenue department blocked the credits within four hours, CBIC chairman John Joseph said.

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