December 12, 2019
GST Revenue

GST revenue decline increasing Centre’s payout to states

Source: Economic Times The decline in Goods and Services Tax (GST) mop-up has significantly increased the compensation that the central government pays to states for revenue loss on account of […]
December 11, 2019
GST e-commerce sales

GST authorities detected under-reporting of e-commerce sales

Source: Livemint The Goods and Services Tax (GST) authorities have unearthed instances of under-reporting of online sales by several companies that sell goods on e-commerce platforms such as Amazon and […]
December 10, 2019
CGST Collection

CGST falls short by 40% of budgeted estimate in April-November

Source: hindustantimes The Central GST mop-up fell short of the budget estimate by nearly 40% during the April-November period of 2019-20. The data presented by Minister of State for Finance […]
December 9, 2019
Restructure GST Rates

Government to restructure GST rates and cess to boost revenue

Source: Times of India In the midst of a slowing economy, with the lowest growth of 4.5% in the second quarter in over six years, the government is working on […]
December 6, 2019
IT-enabled services

CBIC withdraws GST circular on taxing IT-enabled services

Source: Business Standard In a major relief to companies, especially multinational ones, the Central Board of Indirect and Custom (CBIC) has decided to withdraw a circular on the scope of […]
December 5, 2019
e-way bill generation

What to do if your e-way bill generation facility is blocked?

Source: Economic Times To curb tax evasion and non-filing of GST returns, the government has implemented the blocking of the e-way bill generation facility, with effect from December 2, 2019. […]
December 4, 2019
GST Revenue

GST Council to review revenue concerns on the next meeting

Source: Economic Times On its next meeting on December 18, the GST Council is expected to discuss various revenue-raising measures including review of the tax structure, and an alternative mechanism […]
December 2, 2019
GST Revenue November

GST revenue mop-up in November crosses ₹1 Lakh Crore mark

Source: The Hindu BusineLine After two months of decline, Goods and Services Tax (GST) collection crossed the ₹1 Lakh Crore mark in November with the revenue growing by 6% to […]
November 28, 2019
GST lottery scheme

Government planning a new lottery scheme for GST payers

Source: bloombergquint.com The Ministry of Finance is planning to introduce a lottery scheme to lure taxpayers to pay Goods and Services Tax (GST). According to a senior government official, this […]
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