₹ 95,480 crore gross GST revenue collected in September,2020
As per Press Release issued by Ministry of Finance today on 1st October, 2020, the GST revenue collections for the…
Category: GST News
Dissenting States explore ways to break GST compensation impasse
The Council will likely meet on 5 Oct to discuss ways of meeting states’ GST revenue gap, especially the borrowing…
GST e-invoicing will not be postponed: To start from Oct 1: GSTN CEO
The plan to introduce the e-invoicing regime from October 1 will not be postponed. This was revealed by GST Network…
Hole in GST Compensation Cess accounts
CAG points to flaws in Centre’s accounting of GST. Lack of transparency could deepen distrust between Centre and states In…
CAG: Centre violated the law, used funds for GST compensation elsewhere
According to the CAG report, the Ministry of Finance has accepted the audit observation, and has stated that “the proceeds…
CBI arrest 3 GST officials while accepting bribe
Bengaluru, Sep 24 The Central Bureau of Investigation (CBI) has arrested two Superintendents and one Inspector, all working in the…
Taxpayers will soon get pre-filled GSTR-3B return: GSTN CEO Prakash Kumar
GSTN, which handles the IT backbone for Goods and Services Tax (GST) has already started providing tax liability data based…
GST Council could witness rare vote as borrowing plan divides States
Twenty-two states have decided to borrow to tide over the current shortfall in Goods and Services Tax (GST) receipts This…
Get your GST queries resolved absolutely free on Clearmytax.in
Dear Fellow Professionals and Tax Payers, We at www.clearmytax.in have mission of disseminating knowledge on GST in a simplified manner. Our team…
21 States chose way out of GST row : includes 1 Congress-Ruled State
If these remaining states do not give their choices before another scheduled meet of the GST Council on October 5,…
Open to discuss more options for GST compensation to states: FM Sitharaman
We will discuss and take a call how to borrow and meet the (GST) revenue shortfall, said finance minister in…
Centre pegs GST compensation due to States for April-July period at Rs 1.51 lakh Crore
An ICRA report analysed the trends for 15 state governments that have been the largest recipients of GST compensation in…