Govt notifies GST effective dates of 44 Changes in GST Law - Tax …
WEB1 day ago · The Ministry of Finance, via Notification No. 17/2024–Central Tax dated September 27, 2024, has notified the effective dates for 44 changes in the Goods and Services Tax (GST) law under the Finance (No. 2) Act, 2024. Key provisions, including sections 118, 142, 148, and 150, will take effect from …
GST relief: No need to pay interest and penalty on GST tax …
WEB3 days ago · The Ministry of Finance has notified various sections including 128A of the Goods and Services (GST) Act with effect from November 1, 2024. Announced in Budget 2024, section 128A is a new section that provides some relief to individuals and companies registered under GST.This relief which is a conditional waiver scheme, allows total waiver of interest and penalty for specified non-fraudulent ...
India collects $20.64 billion in goods and services tax in September
WEB1 day ago · India collected 1.73 trillion rupees ($20.64 billion) in gross goods and services tax (GST) in September, a rise of 6.5% from the same period last year, the government said in a statement on Tuesday. The government had collected 1.63 trillion rupees as GST in the same month last year. After refunds, the government's net GST mop-up in September rose about 4% year-on-year to 1.53 trillion rupees ...
Goods and Services Tax India, GST News, Articles, Notification - Tax …
WEB2 days ago · Goods and Services Tax: AGFTC & ITBA urge the Finance Minister to reduce GST appeal fees to ensure fair taxation, proposing fees similar to Income Tax rat...
GST Council forms GoM on compensation cess; report expected …
WEB4 days ago · Currently, goods and services tax (GST) is a four-tier tax structure with slabs at 5, 12, 18, and 28 per cent. However, as per GST law, tax of up to 40 per cent can be imposed on goods and services. As per the calculations, the interest and principal of the Rs 2.69 lakh crore loan would be repaid by January 2026.
India's goods and services tax take up 11.5% year-on-year
WEBApr 1, 2024 · India's gross goods and services tax (GST) collection in March rose 11.5% year-on-year to 1.78 trillion rupees ($21.35 billion), a government statement showed on Monday, reflecting strong...
gst collection india: Budget 2024: India’s GST kitty remains central ...
WEBJul 1, 2024 · India GST Collection Budget 2024 | Finance Minister Nirmala Sitharaman is set to incorporate robust Goods and Services Tax (GST) collections, hitting Rs 2.1 lakh crore in April 2024, into Union Budget 2024.
Goods & Services Tax (GST) | Home
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India’s bold tax reforms 5 years on: Why it may be too soon to ... - CNBC
WEBJul 25, 2022 · The goods and services tax — which was enacted by the government of Prime Minister Narendra Modi —subsumed 17 local levies like excise duty, service tax and value-added tax and 13 other...
Home - Goods And Services Tax Council | Goods and Services Tax …
WEBAbout GST Council. In order to implement GST, Constitutional (122nd Amendment) Bill (CAB for short) was introduced in the Parliament and passed by Rajya Sabha on 03rd August, 2016 and Lok Sabha on 08th August, 2016.