GST News

New GST rules to take effect from January 1, Know all about it

New GST rules to take effect from January 1, Know all about it

New Delhi: The union government is scheduled to bring into effect a dozen of amendments to the existing Central Goods and Services Tax (CGST) Act from January 1, 2022, tightening the indirect tax regime further. The amendments are part of the Finance Act 2021 passed by Parliament earlier this year

GST collection in October crosses ₹1.3 lakh crore, 2nd highest ever

GST collection in October crosses ₹1.3 lakh crore, 2nd highest ever

The gross GST revenue collected in the month of October 2021 exceeded ₹1.3 lakh crore. The GST revenues for October is the second highest ever since introduction of GST, second only to that in April 2021, which related to year-end revenues. The revenues for the month of October 2021 are

FM Sitharaman to chair GST Council meet today, here’s what to expect!

FM Sitharaman to chair GST Council meet today, here’s what to expect!

New Delhi: As the Finance Minister, Nirmala Sitharaman is schedule to chair Goods and Services Tax (GST) Council later today, to discuss additional tax relief on medical supplies needed in prevention and treatment of the coronavirus disease, here are few points that are expected from today’s meet, GST on Coronavirus vaccines

Bharat Bandh: Over 8 crore traders to protest against GST, fuel price hike

Bharat Bandh: Over 8 crore traders to protest against GST, fuel price hike

New Delhi: All commercial markets across the country will remain closed today on February 26 in view of the Bharat Bandh called by the Indian traders’ bodies in protest against GST, fuel price hike, E-Way Bill. Over 40,000 traders’ associations across the country will reportedly support this Bandh, demanding a