Cumulative GST revenue for the current fiscal year has grown 8.4% to ₹7.1 trillion after refunds. (Image: Pixabay) New Delhi: The Centre and state governments collected ₹1.96 trillion in Goods and ...

New Delhi, Sep 5 (IANS) In what comes as a relief to e-commerce exporters, the GST Council has approved DGFT’s proposal to eliminate the value threshold for GST refunds on low-value consignments. The ...

https://www.thehindubusinessline.com/economy/gst-councils-green-signal-to-issue-export-refunds-in-7-days-will-reduce-working-capital-blockage-say-exporters ...

Insurance attracts Goods and Services Tax (GST), which increases its price by up to 18%. However, non-resident Indians (NRIs) can save on GST in their insurance premiums. Take the case of Ankit Jain, ...

For the financial year 2017-18, a taxpayer had deposited all the taxes by filing his GSTR-01, GSTR-3B and GSTR-09 returns. But during the audit, the department found that the taxpayer had wrongly ...

Delhi Chief Minister Rekha Gupta announced that pending GST refunds of approximately Rs 1,600 crore will be released to traders before Diwali. This decision aims to enable traders to celebrate the ...

The Indian Vegetable Oil Producers’ Association (IVPA) has welcomed Prime Minister Narendra Modi’s announcement on next-generation GST reforms and urged the Government and GST Council to expeditiously ...

Vegetable oil industry body IVPA has urged the government to lift restrictions on tax credit refunds in place since July 2022, saying the curbs are straining working capital and deterring investment ...

New Delhi: The Centre and state governments collected ₹1.96 trillion in Goods and Services Tax (GST) in July, a 7.5% increase from the same period last year, official data showed on Friday. However, a ...

The relevant section of the CGST Act, 2017 will be amended to allow refunds for exports made with payment of tax, regardless of value. This long-awaited reform addresses the concerns of small ...