Igst

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  Government Implements Uniform 5% Tax For All Aircraft, Engine Parts

  Union Civil Aviation Minister Kinjrapu Rammohan Naidu has announced the implementation of a uniform IGST rate of 5 per cent on all aircraft and aircraft engine parts, effective from Monday.

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  Kerala Objects To Centre Deducting Rs 332 Crore From Tax Settlement

  The Kerala government on Saturday raised an objection to a deduction of around Rs 332 crore from the settlement of Integrated Goods and Services Tax (IGST) for November 2023 to the state.

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  "Taxes Paid": Kerala Government On Firm Owned By Chief Minister's Daughter

  The Kerala government has made it clear that the IT firm owned by Chief Minister Pinarayi Vijayan's daughter had duly paid the required Integrated Goods and Services Tax (IGST) for her business transactions with a Kochi-based minerals company.

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  GST Council Likely To Exempt IGST On Cancer Drug Import, 5% For F&B At Multiplexes

  The GST Council at its next meeting on Tuesday is likely to exempt cancer medicine Dinutuximab imported by individuals from tax, decide on applicability of GST on food or beverages served in multiplexes and come out with a clear definition of utility vehicles for levying a 22 per cent cess, sources said.

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  GST Collections Touch Rs 1,40,885 Crore For May, Rise 44% Year-On-Year

  Goods and Services Tax (GST) collections for May 2022 stood at Rs 1,40,885 crore

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  GST Has Not Benefitted States' Tax Collections: Report

  India Ratings has said GST has not helped states achieve the key objective of boosting their tax revenue

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  Taxpayers Can Seek IGST Refund On Ocean Freight Post Supreme Court Verdict, Say Experts

  Taxpayers who have paid GST on 'Ocean Freight' on imported goods will be entitled to claim refunds, following the Supreme Court verdict

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  GST Revenues Surge To All-Time High Of Rs 1.68 Lakh Crore In April

  Goods and service tax (GST) revenues in April touched the highest ever level of about Rs 1.68 lakh crore, up 20 per cent from the year-ago period

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  GST Collections Clock Rs 1.38 Lakh Crore In January

  GST collectionscrossed Rs 1.38 lakh crore in January, a growth of 15 per cent over the year-ago period

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  Centre's "Erroneous" IGST Process Led To Deficit Under-Reporting: Audit Body

  The CAG has pulled up the union government for adopting an erroneous process of devolution of IGST to states and short-transfer of cesses to reserve funds, which resulted in under-reporting of deficit figures for the 2017-18 and 2018-19 fiscals.

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  GST Collections Jump 30% To Rs 1.12 Lakh Crore In August

  In August government settled Rs 23,043 crore to CGST and Rs 19,139 crore to SGST from IGST as regular settlement.

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  GST Collections Touched Rs 1.16 Lakh Crore In July 2021

  Goods and Services Tax (GST) collections for July 2021 were Rs 1.16 lakh crore, 33 per cent more than the corresponding period of last year.

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  GST June 2021 Collections Fall Below Rs 1 Lakh Crore For First Time In Eight Months

  GST collections after regularly crossing the Rs 1 lakh crore mark for eight months in a row, fell below it in June 2021.

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  Good GST Returns, Proactive Fiscal Policy Can Spur Growth: SBI Report

  SBI said in its report that the space for monetary accommodation is over and only a proactive fiscal policy can rekindle animal spirits and growth.

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  Supreme Court Stays High Court Order On Taxing Imported Oxygen Concentrators

  The Supreme Court today stayed a Delhi High Court order holding as "unconstitutional" the imposition of Integrated Goods and Services Tax (IGST) by the Centre on import of oxygen concentrators by individuals for personal use.