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October 1, 2023 1:47 PM
Online gaming, betting, casinos, gambling, horse racing and lottery will attract twenty eight percent Goods and Service Tax (GST). In a gazette notification, by Finance Ministry the amended GST provision has come into force from today. The decision to levy 28 percent GST was taken in the 51st GST Council meeting held in New Delhi in August this year.
February 1, 2023 7:36 AM
The second-highest Gross GST collection has been made in the month of January this year, breaching earlier second-highest record in October last year. Over one lakh 55 thousand crore rupees gross GST revenue has been collected in the last month. It is the second highest collection ever, after one lakh 68 thousand crore gross collection in April last year. January's collection includes CGST of 28 thousand 963 crores, SGST of 36 thousand 730 crores, and IGST of 79 thousand 599 crores. GST...
September 14, 2022 6:53 PM
Finance Minister Nirmala Sitharaman today said that training will be imparted to the employees of the GST department to teach them how to use technology to detect revenue leakages. Addressing the gathering after inaugurating the GST Parisar, a newly built residential complex for the employees of the GST in Kharghar, Navi Mumbai, she said that this training will focus on better utilization of artificial intelligence, Data DeepDive, IoT (Internet of Things) to use technology to detect where revenu...
March 2, 2020 8:31 AM
Government has collected over one lakh five thousand crore rupees as Goods and Services Tax in February this year which is eight percent more than the GST collected in the same month of last year. Out of the total revenue, Central Goods and Service Tax (CGST) is over 20 thousand crore rupees, State Goods and Service Tax (SGST) is over 27 thousand crore and Integrated Goods and Service Tax (IGST) is over 48 thousand crore rupees. Finance Ministry said, during the month of February, the GST revenu...
September 1, 2019 7:30 PM
GST collection in the month of August stood at 98 thousand 202 crore rupees. In a release, the Finance Ministry said the total number of GSTR 3B Returns filed for the month of July up to 31st of August is around 76 lakh. The government has settled 23 thousand 165 crore rupees to CGST and 16 thousand 623 crore rupees to SGST from IGST as a regular settlement. The total revenue earned by the Central Government and the State Governments after regular settlement in the month of August 2019 is 40 ...
June 11, 2019 6:39 PM
The GST Council has decided to introduce a new GST return system to facilitate taxpayers. An official release today said, a plan has been worked out to ease the transition to the new return system. As per the plan, a prototype of the offline tool has already been shared on the common portal to give the look and feel of the tool to the users. The tool would be the same as that of the online portal. There are three main components to the new return - one main return (FORM GST RET-1) and two annexu...
March 29, 2019 8:16 AM
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The Goods and Services Tax, GST Authority has clarified that transfer or change in the ownership of business will include transfer or change in the ownership of business due to death of the sole proprietor. In a circular, Central Board of Indirect Taxes and Customs, CBIC said, that the transferee or the successor will be liable to be registered with effect from the date of such transfer or succession, where a business is transferred to another person for any reasons, including death of the propr...
March 18, 2019 5:33 PM
The Goods and Services Tax, GST Council will meet in New Delhi tomorrow. Finance Minister Arun Jaitley will chair the 34th meeting of the Council via video conferencing. The council is expected to take up various issues, including the implementation of lower GST rates for the real estate sector. In the previous meeting, the GST Council had slashed tax rates for under-construction flats to five per cent and affordable homes to one per cent. The new tax rates will come into effect from the first ...
March 1, 2019 6:04 PM
The GST collection in the month of February stood at 97 thousand 247 crore rupees. However, the collection in previous month was over one lakh crore rupees. Finance Ministry in a release said, the total number of GSTR 3B returns filed for the month of January up to 28th February is over 73 lakh. The Government has settled 19,470 crore rupees to CGST and 15,747 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular se...
February 2, 2019 6:22 PM
The total gross GST revenue collection in the last month, was over One Lakh Crore rupees of which Central Goods & Services Tax, CGST, is 17,763 crore rupees and State Goods & Services Tax, SGST, is 24,826 crore rupees. Integrated Goods & Services Tax, IGST, is 51,225 crore rupees, including 24,065 crore rupees collected on imports and the Cess is 8,690 crore rupees, including 902 crore rupees collected on imports. In the Financial Year 2018-2019, it is for the third time...
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Last Updated: 5th Apr 2026
