The GST Council may merge 12 and 18 percent slabs with 14-15% one, said Bihar Deputy Chief Minister Sushil Modi on Thursday. The GST council meeting will focus all aspects of GST, with a focus on laws, simplification of policy, reducing compliance burden and technology-related issues impacting the MSME sector. During a seminar on the GST, organised […]
New Delhi. GST Council on Saturday gave great relief to small businessmen on GST. Now, traders with annual turnover of up to Rs 5 crores will not have to file Monthly GST returns. Instead, they will be able to file quarterly GST returns. About 93 percent of the country’s small businessmen will benefit from this […]
Less than 30 percent of cases followed by refund fortnight. Lucknow:- The officials do not feel like giving refunds to the State Headquarters Goods Service Tax (GST). Less than 30 percent of the cases were settled even after the refund in GST organized by the central government.
New Delhi: The government received Rs 1.03 lakh crore as GST collection in April. It is an indication of the new indirect tax regime being stable since July 1 last year. In the entire financial year 2017-18, collection of goods and services tax (GST) was 7.41 lakh crores.
What is GST? The term GST stands for Goods and Services Tax. Actually, GST is a destination based tax, which has been invented across the country since last July. This tax can replace the former central taxes as well as duties such as Special Additional Duty of Customs (SAD), Excise Duty, Counter Veiling Duty (CVD), […]
GST collection crossed Rs 89,260 crores. Tax collection in FY-2017-18 crossed over the target, said Hashmukh Adhia Finance Secretary