Indirect tax

The Council will also consider a uniform tax rate for lottery tickets, which are currently taxed at 12% and 28% depending on whether they are sold within the organising state or outside (Photo: Mint)

GST Council to opt for just minor tax tweaks

2 min read . 19 Sep 2019

Photo: The idea of liberalizing the registration requirement was aimed at easing the compliance burden of small taxpayers, but it comes with trade-offs.Reuters

Consensus builds up for ₹40 lakh sales threshold for GST registration

2 min read . 28 Jan 2019

Not just lower taxes, evasion too a factor in the GST shortfall

3 min read . 07 Jan 2019

Govt mops up ₹6.12 lakh crore indirect taxes in April-November

1 min read . 04 Jan 2019

In a letter to principal chief commissioners/chief commissioners of customs, the Central Board of Indirect Taxes and Customs (CBIC) said the implementation of the e-sealing norms stands deferred. Photo: Abhijit Bhatlekar/Mint

E-sealing on deposit, removal of goods from customs warehouses deferred once again

1 min read . 02 Jan 2019

The fee for late filing of the returns is Rs 25 per day for Central GST and an equal amount under State GST. Photo: Mint

Govt waives late fine for GST returns between Jul ’17-Sep ’18

1 min read . 02 Jan 2019

GST evasion worth Rs38,896 crore detected during April-October

1 min read . 28 Dec 2018

If the GST Council clears the tax cuts suggested by the Prime Minister, it will be the biggest reduction since July. Photo: AP

Poll-bound Modi offers middle class GST relief

2 min read . 19 Dec 2018

Small firms registered under GST have roped in people so far not covered by any retirement savings schemes to pensions.Photo:HT

‘GST enabler for boosting retirement savings’

1 min read . 10 Dec 2018

Prime Minister’s Economic Advisory Council chairman Bibek Debroy. File Photo: Pradeep Gaur/Mint

Bibek Debroy blames slow tax reforms to fiscal consolidation drive

1 min read . 29 Nov 2018

According to the Budget estimate, the government proposed to collect Rs7.4 trillion from the goods and services tax (GST) and Rs2.6 trillion from Union excise duties. Photo: Mint

Indirect tax collections in FY’19 may fall short by Rs90,000 crore: Report

1 min read . 22 Nov 2018

In case of central excise duty, the DGGI detected 119 cases where tax evaded was worth ₹1,553 crore.

1,835 cases of indirect tax evasion worth ₹29,088 crore detected during April-Oct

2 min read . 21 Nov 2018

The proposal, according to officials, will improve operational efficiencies across the country’s logistic landscape. Photo: Harikrishna Katragadda/ MINT

E-way bill may be linked with FASTag to check GST evasion

2 min read . 19 Nov 2018

Buyers are staying away from under-construction projects. Photo: Aniruddha Chowdhury/Mint

Builders feel the GST pinch, rush to finish high-end projects

2 min read . 07 Nov 2018

CBIC said that taxes would be levied on these units under the Goods and Services Tax (GST) with effect from 1 April 2019 Photo: Mint

IGST, cess relief to exporters extended till March

1 min read . 26 Sep 2018

The provisions for tax collected or deducted at source was kept in abeyance in the GST regime so far in order to give relief to businesses. Photo: Bloomberg

E-commerce firms to deduct 1% tax at source from 1 October

1 min read . 20 Sep 2018

In the notification, the CBIC has said that the due date for filing quarterly return for July-September period is 31 October, while for October-December, 2018, period it is 31 January 2019. Photo: Mint

Govt notifies due date for filing GST returns from July 2018 - March 2019

1 min read . 10 Aug 2018

Sushil Kumar Modi, deputy CM of Bihar said the states have been asked to flag specific issues impacting MSMEs in next GST council meeting on 4 August. Photo: Mint

Govt may offer more sops to MSMEs for bigger push

2 min read . 26 Jul 2018

The GST Council has also turned down demands for a rate cut from paint and cement industries, among others, in view of possible revenue loss to the exchequer. Photo: PTI

Natural gas, jet fuel not on GST Council agenda for 21 July

1 min read . 19 Jul 2018

Piyush Goyal said that the combined GST receipts of union and state governments could scale ₹13 trillion by end of the current financial year. Photo: Mint

Further GST rate cut possible if everyone insists on invoices: Piyush Goyal

2 min read . 30 Jun 2018