Revenue collection from Goods and Services Tax (GST) declined to Rs 94,016 cr in May, witnessing a sharp drop from the Rs 1.03 lakh cr mop-up in April. April-June is a subdued period when manufacturing activities take a breather with …
Earlier, the GoM, headed by Bihar deputy chief minister Sushil Modi, had zeroed on two models of simplification In the effort to evolve a consensus over provisional input tax credit for the goods and services tax (GST), stakeholders have …
GST Council extends tax exemptions by six months till October 1 after which an e-wallet scheme would be put in place to continue the benefits. New Delhi: Goods and Services Tax (GST) Council on Saturday extended the tax exemptions available …
The 26th GST Council meeting on Saturday failed to come up with any conclusive simplification process after deliberating on two models and has now postponed the decision for next Council meeting, but E-way bill will be implemented from April 1. …
NEW DELHI: The Finance Ministry has permitted businesses to rectify mistakes in their monthly returns – GSTR-3B – and adjust tax liability, a move that will help them file correct returns without fear of penalty. This relaxation will give an …