Page 34 - Gst

DGGI detects Rs 278 crore GST evasion in railway purchases since July 2017

Probe relates to wrong classification of rail supplies by bidders from July 2017 to June 2021

SME Chatroom: Destruction of goods warrants reversal of input tax credit

Submit copies of correspondence with the buyer to the bank explaining the reasons for the inward remittance

Over Rs 81,000 crore due to states as GST compensation for 2020-21

Over Rs 81,000 crore GST compensation is due to states for 2020-21, while for April-May this year, Rs 55,345 crore is outstanding, Parliament was informed on Monday.

GST only on margin earned on resale of second-hand jewellery: AAR

Jewellers will have to pay GST only on the profit earned on resale of second-hand gold jewellery, Karnataka AAR has ruled.

Bring fuel under GST, reduce prices: Maharashtra minister to Centre

The Centre must bring fuel under GST and take steps to reduce prices in order to give relief to people, Maharashtra minister Amit Deshmukh said on Friday.

Centre releases Rs 75,000 crore to states, UTs as GST compensation

The government on Thursday said it has released Rs 75,000 crore to the states and Union Territories to compensate them for the shortfall in GST revenue.

Congress demands reduction in fuel prices, GST rates of mass-consumed goods

Congress on Tuesday said there is no respite from its "economic mess" and demanded that fuel prices and GST rates on mass-consumed goods be reduced to provide relief to the common people.

GST officials book 8,000 cases involving fake ITC of over Rs 35k cr in FY21

Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.

GST probe busts firms for 'fake' input tax credit invoices worth Rs 91 cr

GST officers have busted a network of 23 entities involved in creation of fake invoices worth Rs 551 crore and passing inadmissible input tax credit worth Rs 91 crore.

GST collections fall below Rs 1-trn mark after eight months in June

Hit 10-month low due to second wave; experts say mop up is better than expected, will provide a cushion to govt to ramp up spending

Top headlines: GST collections fall below Rs 1 trn; Amfi rejigs categories

Business Standard brings you the top headlines this evening

Delhi govt collects Rs 5,281 cr GST in first quarter of this financial year

In a sign of revival in the city economy hit by COVID-19 pandemic and the subsequent lockdown, the Delhi government collected Rs 5,281 crore GST in the first quarter of the current financial year

Despite so many feats, GST still a work in progress

A major issue is the hold up of a conveyance due to minor defects in e-way bill when the matter has to be contested at the place where the conveyance is intercepted

Mapping recovery

India needs a new medium-term economic road map

Best of BS Opinion: Some stability returns, view from the edge & more

Here are the best of Business Standard's opinion pieces for Friday

4 years later, our worst fears have been confirmed with GST: Tamil Nadu FM

There is lower income inequality in Tamil Nadu than it is in most places. Therefore, we are also a very high-consumption state, said Tamil Nadu FM Thiagarajan

Gadkari says GST was 'very essential', sees 'room for improvement'

Gadkari, who holds MSME portfolio along with road transport, further said there is a need to build consensus with states to bring petroleum products and alcohol under the GST regime

Best of BS Opinion: Four years of GST, towards better governance & more

Here are the best of Business Standard's opinion pieces for Thursday

Finance ministry to issue appreciation certificates to 54,439 GST payers

The ministry said it will issue certificates of appreciation to over 54,000 GST payers for timely filing of returns and cash payment of the tax, to mark the 4th anniversary of the historic tax reform

Four years of GST

Some distance covered but there is scope for a huge improvement