Govt mulls extending April GST payment deadline; asks Infosys to fix glitch on portal

As taxpayers face technical glitch on the GST portal, the government on Tuesday said it is considering extending the April tax payment deadline and has directed for early resolution of the problem. The Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch has been reported by Infosys in generation of April 2022 … Read more

GST Council mulling 28% tax on Bitcoin, other cryptocurrencies

In what could further dampen the mood of crypto investors in the country, the goods and services tax (GST) council is mulling a 28 per cent tax on cryptocurrencies, at par with the current GST on casinos, betting and lottery, multiple media reports claimed on Monday. The services such as crypto mining along with sales … Read more

Centre denies reports of GST council planning to raise 5% tax slab to 8%

The Central Government has categorically denied the media reports claiming that the Goods and Services Tax (GST) Council is planning to raise a five per cent tax slab to eight per cent, said the government sources. The sources confirmed to ANI that there is no such proposal from the Council, this news is speculative and … Read more

‘Pizza topping is not pizza, so will attract a higher GST levy’

A pizza topping is not a pizza and hence should be classified differently and levied a higher 18% goods and services tax (GST), the Haryana appellate authority for advance ruling (AAAR) has ruled. This could complicate taxation for several pizza brands, especially when the pizzas are sold within a hotel or restaurant, said tax experts. … Read more

Defeat BJP to rein in inflation: Congress

The Congress on Saturday slammed the Modi government for an increase in Goods and Services Tax (GST) in several categories from footwear to food delivery and urged voters to defeat the BJP in the upcoming assembly elections to tame inflation. Addressing a press conference in New Delhi, Congress chief spokesman Randeep Singh Surjewala said the … Read more

E-way bill generation slackens in November post festive season spur

The pace of e-way bill generation slackened in the first half of November against the previous month, signalling a possible slowdown in demand and likely pointing to the fragility of a sharp recovery seen in the festive season. About 24.1 million e-way bills were generated in the first half, with the daily average at 1.72 … Read more

GST on Diwali gifts: Companies could see implications on gifts doled out to customers, retailers

A recent ruling by the Authority for Advance Rulings (AAR) has held that GST will have to be paid on the products that are being given off as free gifts by companies. The ruling said that supply of goods such as gold coins, refrigerators or air conditioners under promotional schemes should be treated as normal … Read more

Swiggy, Zomato to collect 5% GST on deliveries, food not to get dearer

The GST Council on Friday approved a proposal to treat food delivery apps such as and Swiggy as restaurants and levy 5 per cent GST on supplies made by them. Such food delivery apps will now be required to collect 5 per cent GST, or Goods and Services Tax, from consumers instead of the restaurant … Read more

Finance ministry releases Rs 75,000 crore to states and UTs, nearly half of FY22 GST compensation shortfall

The finance ministry released Rs 75,000 crore or nearly half of the total Goods and Services Tax (GST) compensation shortfall for FY22 to the states and union territories (UTs) on Thursday. The amount was part of the back-to-back loan facility provided to the states and UTs with legislature in lieu of the expected shortfall in … Read more

GST collections drop to Rs 92,849 crore in June, break 8-month streak of crossing Rs 1 lakh crore

Goods and services tax collections for June grossed Rs 92,849 crore, dropping below Rs 1 lakh crore mark for the first time this year. Collections spanning from June 5 to July 5 due to compliance deadline relaxations, show the impact of lockdowns by various states amid the second Covid wave, breaking the eight-month streak of … Read more