The latest move comes after official data showed that consumer price index based inflation was at 7.01% in June
1 min read24 Jul 2022Sisodia joins chorus for full GST compensation as he claims states have limited ability to raise revenueCentre should borrow and fully make up for their GST revenue shortfall, says Sisodia
3 min read4 Sep 2020Until December, 499 cases of fake invoices, used for claiming input tax credit worth 3,895 crore, were detected
3 min read7 Jan 2019During April-November of the ongoing fiscal, the total net indirect tax collection (inclusive of CGST, IGST and GST-Compensation Cess) is ₹6,12,653.47 crore, Minister of State for Finance Shiv Pratap Shukla said
1 min read4 Jan 2019The e-sealing requirement for deposit in and removal of goods from customs bonded warehouses was originally to come into effect from August 15, 2018, which was then deferred to October 1, 2018. Its implementation was again postponed to November 1, 2018, and then further to January 1, 2019.
1 min read2 Jan 2019Giving effect to the decision of the GST Council in its December 22 meeting, CBIC has notified waiver of late fees for non filing of GSTR-3B, GSTR-1 and GSTR-4 and non-payment of taxes between July 2017 and September 2018.
1 min read2 Jan 2019During the seven-month period, the CBIC recovered evasion worth Rs9,480 crore in GST, Rs3,188 crore in service tax, Rs1,600.84 crore in customs and Rs383.5 crore in central excise, the govt said
1 min read28 Dec 2018Touted as an anti-evasion measure, e-way bill system was rolled out on April 1, 2018, for moving goods worth over ₹50,000 from one state to another
2 min read19 Nov 2018The government has modified the due date for filing of final GST sales returns by businesses with turnover exceeding 1.5 crore to the 11th day of the succeeding month
1 min read10 Aug 2018Apart from mutual fund exit load and credit card dues, GST has been introduced on a host of financial services, according to a CBIC FAQ. Mint takes a look at what this means
1 min read5 Jun 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
Exciting, sharp and clear analysis of the trends that matter, through data and charts. Plain Facts is published every weekday, with coverage spanning across themes, including corporate strategy to inflation to unemployment and emerging sectors. Follow us on #MintPlainFacts across social media.