Photo: Hindustan Times

SC Declares GST Council Proposals Not Obligatory On Union Government, States

Supreme Court (SC) declared that the Goods and Services Tax (GST) Council's decisions are not binding on the Union government or states on May 19, but have significant value because India has a cooperative federal system. The decision was made by Justices DY Chandrachud, Surya Kant, and Vikram Nath. SC affirmed a Gujarat HC decision to reject the imposition of Integrated GST on importers of ocean freight under reverse charge.  

Thu, 19 May 2022 - 07:29 PM / by Vidhi Jhunjhunwala

Tags: GST, Union government, Supreme Court, India, IGST

Courtesy: The News Minute


Photo: Hindustan Times

India's Gross GST Crosses Rs 1.5 Lakh crore In April For 1st Time

The Central Government revealed the GST revenues of April 2022, 20% higher than 2021 April, and gross CST collection at Rs 1,67,540 crores.  Of the CST, CGST is Rs 33,153 crore; SGST Rs 41,41,793 crore; IGST Rs 81,939 crore. Furthermore, this is the first time that Gross-GST has crossed Rs 1.5 lakh crores. Moreover, the government has settled Rs 33,423 crore to CGST and Rs 26,962 crore to SGST.

Sun, 01 May 2022 - 07:10 PM / by SARANNYA ACHARYA

Tags: GST, CGST, SGST, IGST, Gross GST Collection in April


Photo: Business Standard

March GST Collections Clock All Time High Of Rs 1.23 Lakh Crore

GST collections of March has skyrocketed at an all-time high of Rs 1.23 lakh crore. The FinMin has cited rapid economic recovery, effective tax administration and stringent fake billing measures besides the increase. Of the Rs 1.23 lakh crore, while CGST and SGST accounted for Rs 22,973 crore and Rs 29,329 crore respectively, IGST clocked Rs 62,842 crore. Notably, the collections increased by 27% compared to March 2020 figures.

Thu, 01 Apr 2021 - 07:07 PM / by Ronit John

Tags: GST, India, tax, Indirect tax, CGST, SGST, IGST

Courtesy: The Times Of India