No late fee for zero-GST liability entities that have not filed returns till January: FM

Nirmala Sitharaman added that a fixed late fee of Rs 500 will be charged from entities, which have a tax liability but have also not filed returns.

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· Jun 12, 2020 · 04:50 pm

Mobile phones to get costlier as GST Council increases tax rates from 12% to 18%

It also decided to extend the deadline for filing of GST9R and GSTR9C for the year 2019-’20 till June 30 from the original date of March 31.

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· Mar 14, 2020 · 07:31 pm

Gross GST collection for January crossed Rs 1.1 lakh crore for the second time since rollout

The gross GST revenue for January showed a growth of 12% from its January 2019 figure.

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· Feb 01, 2020 · 10:40 am

Gross GST collection for December crossed Rs 1 lakh crore

The gross GST revenue for December showed a growth of 16% from its December 2018 figure, the finance ministry said.

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· Jan 02, 2020 · 01:34 pm

GST Council votes for the first time to approve single 28% rate for lotteries from March

Twenty-one states voted in favour of the uniform rate.

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· Dec 18, 2019 · 10:04 pm

Centre releases Rs 35,000 crore compensation to states, days before GST council meeting

The move comes after several states and Union Territories complained about the Centre’s failure to release GST compensation.

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· Dec 16, 2019 · 05:18 pm

‘GST collection was inadequate, will honour the compact with states,’ says Nirmala Sitharaman

The finance minister said GST rate reductions distorted the tax structure and credit became miniscule.

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· Dec 07, 2019 · 02:56 pm

GST compensation: Kerala threatens to go to SC as seven states ask Centre to clear dues immediately

Delhi’s Deputy Chief Minister and Finance Minister Manish Sisodia alleged that the Centre was deliberately holding back the money.

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· Dec 05, 2019 · 08:46 am

GST Council worried about strained revenue, asks states for ways to meet compensation needs: Reports

The states’ compensation requirements have increased significantly and are unlikely to be met from the cess being collected, the council told the states.

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· Dec 04, 2019 · 10:44 am

GST collection rises 6% in November, crosses Rs 1 lakh crore threshold after three months

The revenue collection in October was Rs 95,380 crore, 3.8% higher than the 19-month low of Rs 91,916 crore the month before.

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· Dec 01, 2019 · 03:08 pm

Five non-BJP states urge Centre to clear GST compensation due for two months

In a joint statement, the finance ministers of Delhi, West Bengal, Punjab, Rajasthan and Kerala said the delay has put them in acute financial position.

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· Nov 21, 2019 · 12:58 pm

GST collection rises 3.8% in October but remains below Rs 1 lakh crore for third straight month

The revenue collected in October was 5.3% lower than that in the same month last year.

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· Nov 01, 2019 · 06:28 pm