GST collection in the month of February stood at Rs 1.13 lakh crore, 7 percent higher year-on-year, but lower than an all-time high of nearly Rs 1.20 lakh crore in January, official data showed on March 1. “In line with the trend of recovery in the GST revenues over past five months, the revenues for […]

THE NEW DELHI: In a moved aimed at de-stressing the GST system, the finance ministry on Wednesday staggered last dates of filling GSTR-3B, a monthly return form, and has provided three dates for different categories of taxpayers. Currently, the last date for filing GSTR-3B is 20th of every month. With the changes, there will three […]

More than 54 lakh filings under goods and services tax (GST) were received by authorities, the finance ministry said through its Twitter handle Friday, more than double from the monthly average of 25 lakh filings, prompting the move. NEW DELHI: The Central Board of Excise and Customs (CBIC) extended the last date for waiving late […]

Last week, the indirect tax wing of the revenue department blocked Last week, the indirect tax wing of the revenue department blocked the credits within four hours, CBIC chairman John Joseph said at an event on Monday. Companies are entitled to credits on tax paid on inputs in the production chain so that there is […]