GST

During a review meeting with revenue secretary Sanjay Malhotra and CBIC chairman Vivek Johri, Union FM Nirmala Sitharaman emphasized the need for a nationwide campaign to raise awareness about the drive against fake entities. On June 17, the FM  was informed that 11,140 fraudulent registrations had already been identified, with appropriate action initiated against them. Measures such as OTP-based verification of Aadhaar and pilot programs for… read-more

BJP MP Varun Gandhi slammed Prime Minister Narendra Modi's proposal to levy GST on packaged food goods including milk, curd, and rice, saying it will "hurt people." From July 18, 5% Goods and Services Tax (GST) was levied on pre-packaged and labeled-food commodities such as cereals, lentils, and flour weighing less than 25 kg. "This decision taken amid record-breaking unemployment will put more financial burden on middle-class families,"… read-more

Government data revealed that Rs 1,40,885 crore has been received as gross revenue collection from Goods and Services Tax (GST) for the month of May, 2022. Of this, CGST is Rs 25,036 crore, SGST is Rs 32,001 crore, IGST is Rs 73,345 crore and cess is Rs 10,502 crore. This is the third consecutive month, in which GST collection exceeded the Rs 1.4 lakh crore mark. 

The Union Territory of Puducherry has yielded Rs 600 crore this year, as way of GST (Goods and Services Tax), said Lieutenant Governor Tamilisai Soundararajan, on May 10. Reportedly, this is the highest revenue Puducherry has ever made by way of GST. Furthermore, she stated that over 8,000 enterprises contributed to the revenue. She then praised the GST department for their development. 

Petroleum and Natural Gas Minister Hardeep Puri has said that the Central Government would be happy to bring petroleum and diesel under GST, but that the states are not willing. Puri insisted that the government is taking responsibility, and suggested that the states should also try, and cut down the value-added taxes on fuel. He also chalked up the oil price hike to the Russia-Ukraine conflict.