The Latest Breaking News from GST

GST Day will be celebrated in Belagavi on July 1 to mark completion of five years of Goods & Services Tax

After incurring huge revenue loss in the two years of the COVID-19 pandemic, States have sought an extension of the compensation mechanism for another five years, till 2027

 States should get direct taxation powers, extension of revenue guarantee, says Praveen Chakravarty, Chairman of the Congress Data Analytics Department

The Finance Minister should do away with all the confusing tax slabs in one fell swoop

It will seek an extension to submit its final report, they said, adding issues of tax rates will also be raised in the upcoming Council meeting later this month.

This is the second time that the GST Council meeting is being held in Srinagar

‘Lack of flexibility for States is against spirit of Constitution’

NEW DELHI: The panel of ministers on GST rate rationalisation is scheduled to meet on June 17 to discuss possible tweaking in tax rates, sources said.

MUMBAI: Several companies, including builders, are turning to dubious consultants to generate unaccounted cash by creating fake bills that provide input tax credit against payment of Goods and Services Tax (GST). These entities have now come under the scanner of the Central GST (CGST) department and income tax authorities for…