Goods And Services Tax

Punishment for GST evasion rationalised to 'imprisonment or a fine or both'

The maximum term of imprisonment has been rationalised in cases where the amount of tax evasion exceeds Rs 10 crore to up to five years, or a fine, or both

Updated 2 days ago

GST Council scraps arrest power of tax officials, approves faster refunds

General penalty has been reduced to Rs 10,000 from Rs 25,000. Besides, no notices will be issued in cases below a monetary threshold of Rs 10,000

Updated 2 days ago

57th GST Council meeting to be held in Delhi today

Updated 3 days ago

India's auto retail sales jump 31.8 per cent in September to record high: FADA

Updated 5 days ago

Businesses may soon get to file GST registrations for multiple states together

Updated 6 days ago

GST council may allow input tax credit on premiums of group insurance policies

Updated 6 days ago

GST Council to consider proposal to allow employers to claim input tax credit on premiums paid for employee insurance cover. Representational Image. File pic.

ICICI Bank receives show cause notice over Rs 229 crore GST demand

Updated 9 days ago

Passenger vehicle wholesale volumes grow 29 per cent in April-August: ICRA

Updated 10 days ago

Gross GST collection rises 14.7 per cent to over Rs 2.03 lakh crore in September