GST

New Delhi:  In what may offer relief to multinational corporations looking to expand their business with India without having a physical presence in the country, a ruling by Authority has exempted liaison offices of MNCs from levy of goods…

New Delhi:  It may seem amusing but your good old car seat cover is not actually a "part" of the seat but an "accessory", at least, in the eyes of the tax department. In an assessment, the Andhra Pradesh Authority for Advance Ruling…

New Delhi:  Expanding the scope of taxation, the tax department will now levy GST on the supply of e-vouchers thereby bringing even exclusive marketing companies under the tax net. In a recent ruling the Authority for Advance Ruling,…

New Delhi:  The government will resume blocking of E-way Bill (EWB) generation facility for all taxpayers who fail file their monthly or quarterly GST return for two successive periods. E-way is a permit needed for inter-state and…

New Delhi: The gross GST revenue collected in the month of July 2021 was Rs 1,16,393 crore. Out of the total revenue collected CGST was Rs 22,197 crore, SGST was Rs 28,541 crore, IGST was Rs 57,864 crore -- including Rs 27,900 crore…

New Delhi: Finance Minister Nirmala Sitharaman has said that any reduction in the Goods and Services Tax will lead to an increase in the prices of important Covid essentials such as vaccines, drugs, oxygen concentrators, cylinders etc. In…

Bhubaneswar: Odisha Chief Minister Naveen Patnaik today urged the Centre to exempt the Goods and Services Tax (GST) completely on purchase of vaccine for COVID-19 in order to reduce the cost for the States and facilitate the drive towards…

New Delhi: The Ministry of Finance, Department of Expenditure has released the 17th weekly instalment of Rs.5,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 4,730.41 crore has been released…

Bhubaneswar: Odisha’s economy is on the path of revival amid COVID-19 pandemic as the State has registered a growth of 20 per cent in GST collection in December 2020 as compared to the corresponding month in the previous year. The total…

Bhubaneswar: Odisha has recorded a 21% increase in goods and services tax (GST) collection on year- on-year in October 2020. The State has collected Rs 2419 crore GST in October this year compared to Rs 1994 crore in October 2019…