The amount under litigation includes Rs 4.05 lakh crore in corporation tax, Rs 3.97 lakh crore stuck in income tax cases and another Rs 1.54 lakh crore on account of commodities and services tax, the note said

Out of the 215 arrests so far, there are 71 masterminds, 81 proprietors, 36 director/managing directors, 15 partners, 3 CEOs, 6 chartered accountants and one each of company secretary, broker, and GST practitioner

Govt aims to vaccinate 30 crore priority individuals by August 2021 and 50 crore private individuals by 2022-end. SBI think tank says India will require around Rs 56,000-72,000 crore to administer vaccines to 80 crore people

Customers never charged for IUC, unlimited calls to continue as before: Airtel Telecom operator Bharti Airtel on Friday said it has never charged its customers separately for IUC and that the unlimited calling benefits will continue for subscribers without any change. The comments came a day after Reliance Jio announced that calls by its users to other networks in India will become free from Friday, as the Interconnect Usage Charges (IUC) regime ends. Health Minister reviews preparedness ...

This is the highest ever collection since the implementation of the countrywide tax in July 2017, the Finance Ministry said in a statement on Friday, January 1

Pen manufacturers have approached the Central Board of Indirect Taxes and Customs, alleging that a 12 per cent GST is imposed on the product

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The gross GST revenue collected in November was Rs 1,04,963 crore of which CGST Rs 19,189 crore, SGST Rs 25,540 crore, IGST Rs 51,992 crore (including Rs 22,078 crore collected on import of goods) and Cess Rs 8,242 crore (including Rs 809 crore collected on import of goods)

While government claims on tax compliance and GST collections paint a healthier picture of the economy, tax-to-GDP has fallen for two consecutive years and tax collections across the board in the first half of FY21 are nowhere close to FY20, indicating that trouble is far from over

If we surpass over Rs 1,30,000 crore in November and December, we can confidently say that we have reached an economic rebound to pre-COVID-19 days

GST revenue collection October: Out of the gross GST revenue, CGST amounted to Rs 19,193 crore and SGST Rs 52,540 crore including Rs 23,375 crore collected on import of goods

FM Nirmala Sithraman while insisted that there is no dispute between the some of the states and the Centre on the issue, she admitted the Council is yet to reach unanimity on the issue of plugging the compensation gap

India Stock Market Highlights Today: All 30 Sensex constituents were trading in the green. Index heavyweight HDFC led the rally on the Sensex chart, followed by Asian Paints, IndusInd Bank, HDFC Bank, Mahindra and Mahindra and State Bank of India.

A panel under Sushil Modi will work out a plan to get the states which had received more than their share of IGST refunds to return the excess amount without burdening them too much

Of the gross collection, CGST is Rs 17,741 crore, SGST is Rs 23,131 crore, IGST is Rs 47,484 crore (including Rs 22,442 crore collected on import of goods) and cess is Rs 7,124 crore (including Rs 788 crore collected on import of goods)

CBIC, upon investigation on 62 customs brokers, found that they had handled around 15,290 export consignments of 1,431 untraceable exporters

Goods and Services Tax (GST) revenue collection for the month of August stood at Rs 86,449 crore, the government data showed on Tuesday

GST Council meet: The total compensation paid to the states in 2019-20 was Rs 1,65,302 crore whereas the amount of cess collected during the period  was Rs 95,444 crore, a shortfall of Rs 70,000 crore

The CBIC said that the board has decided to make it mandatory for various authorities, such as Commissioner (Appeals) to conduct personal hearing in virtual mode in cases relating to Central GST (CGST) and Integrated GST (IGST)

Meeting will be held via video-conferencing and members will assess gap between the total GST Cess collection and compensation cess yet to be paid to various states