GST
Rs 1.06L Cr GST compensation shortfall released to states
Till now, 96 per cent of the total estimated GST compensation shortfall has been released to the states and UTs with Legislative Assemblies. Out of this, an amount of Rs 97,242.03 crore has been released to the states and an amount of Rs 8,861.97 crore has been released to the 3 UTs with Legislative Assemblies.
Deadline for filing GST returns extended till March 31
In a statement on Sunday, the Department of Revenue said that the decision has been taken considering the difficulties expressed by the taxpayers in meeting the deadline. Earlier the deadline for filing the returns was extended February 28.
GST compensation shortfall released to states touches Rs 1L Cr
Till now, 91 per cent of the total estimated GST compensation shortfall has been released to the States & UTs with Legislative Assembly. Out of this, an amount of Rs 91,460.34 crore has been released to the States and an amount of Rs 8,539.66 crore has been released to the 3 UTs with Legislative Assembly.
Rs 6K Cr given to states to meet GST compensation shortfall
Till now, 76 per cent of the total estimated GST compensation shortfall has been released to the states and UTs with the Legislative Assembly. Out of this, a number of Rs 76,616.16 crore has been released to the states and a number of Rs 7,383.84 crore has been released to the three UTs with the Legislative Assembly.
GST fraud of Rs 940 cr busted, 340 bogus firms under lens
According to CyPAD, as many as 340 bogus companies suspected to be involved in fake business transactions are under the scanner. Police said that in order to generate the GST number, the fraudsters used fake or stolen PAN and Aadhaar cards. They have registered fake firms on GST portal and also procured multiple SIM cards on fake documents.
January GST collection at nearly Rs 1.2 lakh cr
Out of the total GST collection, CGST was Rs 21,923 crore, SGST was Rs 29,014 crore, IGST was Rs 60,288 crore (including Rs 27,424 crore collected on import of goods) and cess was Rs 8,622 crore (including Rs 883 crore collected on import of goods), a Finance Ministry statement said.
Health insurers seek higher tax deductions, lower GST on policies
In a set of recommendations involving tax treatment for health insurance policies, the industry had urged the government to immediately increase the 80 D tax deduction benefit for individuals on their premium payment for health insurance policies.
Govt should eye better collections than raising taxes for funds: Survey
According to the pre-budget survey 2021-22, only 2 per cent of the respondents feel that raising taxes would be the solution to mobilise additional revenue for the government that sees an increase in its expenditure due to the pandemic.
13th Instalment of Rs 6K cr released to States to meet GST compensation shortfall
Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs. 483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members of the GST Council.
12th instalment of Rs 6,000 crore released to states to meet GST compensation shortfall
Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an amount of Rs 483.40 crore has been released to 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir and Puducherry) who are members of the GST Council.
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