December 18, 2019
monthly GST mop-up target

Govt sets ₹1.1 Lakh Cr as monthly GST mop-up target for tax officials

Source: Economic Times The Finance Ministry has urged tax officials to step up their efforts to meet the revenue mop-up target of an average ₹1.15 Lakh Crore monthly GST collection […]
December 17, 2019
GST Compensation

Government releases ₹35,298 Crore in GST compensation to states

Source: The Hindu The central government released GST compensation of ₹35,298 Crore to states and union territories for the loss of revenue they have incurred due to the implementation of […]
December 16, 2019
GST HSN Code

Businesses seek continuation of four-digit HSN code

Source: business-standard Businesses have sought staggered implementation of new returns under the Goods and Services Tax (GST), which are to be introduced from the start of the next fiscal. They […]
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. […]
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