GST Compensation Cess Levy Extended Till March 2026

New Delhi- The government has extended the time for levy of GST compensation cess by nearly 4 years till March 31, 2026. As per the...

GST Council May Consider Changes In Monthly GST Payment Form

NEW DELHI- The GST Council in its meeting next week is likely to consider a proposal for making changes in the monthly tax payment form...

‘Defer Decision On Levying GST On Cryptocurrencies’, Suggest Officers’ Committee

NEW DELHI- The officers committee on GST has suggested the GST Council to defer a decision on taxability of cryptocurrency and other virtual digital...

Net Direct Tax Mop-Up Rises 45% To Over Rs 3.39 Lakh Cr Till Mid-Jun

New Delhi- The net direct tax collections till mid-June this fiscal increased 45 per cent to over Rs 3.39 lakh crore, buoyed by decent...

GoM Fails To Reach Consensus On GST Rate Rationalisation

New Delhi- A panel of state ministers on GST rate rationalisation on Friday failed to reach a consensus as some members opposed changes to...

GST Council To Meet On June 28-29 In Srinagar

New Delhi- The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on June 28 and 29 in Srinagar. “The 47th meeting of the GST...

RBI Guv Bats For Cut In State Taxes On Petrol, Diesel

New Delhi- Lending support to the Union government's pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India...

GST Revenues Up 44% At Nearly Rs 1.41 Lakh Cr In May

New Delhi- GST revenues bucked the two-month rising trend in May and stood at nearly Rs 1.41 lakh crore, registering a year-on-year increase of...

Petrol Price Cut By Rs 9.5, Diesel By Rs 7

New Delhi- Buckling under pressure, the government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on...

Govt Extends April GST Payment Deadline Till May 24

New Delhi- As taxpayers face technical glitches on the GST portal, the government on Tuesday extended the due date for April tax payment till...