GST

A deal to protect Western Australia’s share of the GST has blown out another 45 per cent and is on track to cost taxpayers more than what the federal government gives to the states and territories to run the nation’s public hospitals.The…

Businesses will have to more careful while filing returns as the automated scrutiny system for the goods and services tax (GST) is about to use advanced artificial intelligence and data analytics to monitor mismatches. Expected to be…

The taxman plans to raise an extra $3.8 billion in GST by extending a compliance crackdown on businesses as part of the government’s efforts to lift tax receipts and repair its bottom line.Multinationals also face a new minimum tax rate,…

In a bid to track offshore online gaming companies and ensure they comply with goods and services tax laws, tax officials are working with the ministry of electronics and information technology. In some instances, websites and apps of these…

In a change of stance, the Centre has decided to pitch for differential taxation of online gaming, with “games of chance” (gambling) to suffer a higher incidence of goods and service tax (GST) compared with “games of skill”. According to…

Finance Minister Nirmala Sitharaman on Saturday asked the Central Board of Indirect Taxes & Customs (CBIC) to increase the taxpayer base and introduce an automated GST return scrutiny system by next week. The total Indirect Tax…

The highest-ever GST collection in April indicates a favourable trend signaling growth in domestic demand and the subsequent growth in the Indian economy. Experts indicate that this also shows that the collection indicates better business…

Even as gross Goods and Services Tax (GST) collection touched a record high of Rs 1.87 trillion in April, the mop-up from integrated GST on imports declined by 4.7% on year in the month, owing to contraction in imports, falling global…

Tax authorities are set to crack down on the menace of fake invoicing in the Goods and Services Tax regime and have worked out a number of measures, including a two-month special drive, identification of fraudulent GST identification…

GSTN has deferred by 3 months the implementation of time limit for businesses with turnover of over Rs 100 crore to upload their old e-invoices. Last month the GST Network had imposed a timeline for businesses with turnover of Rs 100…