GST Latest

All online goods will ‘eventually be subject to GST’

All online goods will ‘eventually be subject to GST’ - GST Latest (Last Updated On: October 10, 2018)ISLANDERS will eventually pay GST on all imported online goods, as planned international agreements will force suppliers – rather than border control agencies – to collect sales taxes, the Treasury Minister has said. During States questions, Deputy Susie Pinel ...

About 1,800 businesses opt for migration to GST regime

About 1,800 businesses opt for migration to GST regime - GST Latest (Last Updated On: September 3, 2018)About 1,800 businesses that were registered under the earlier VAT and service tax regime have applied for migrating to the GST regime. The GST Council, in its meeting in July, had allowed businesses with provisional GST ID to migrate to the new GST regime. The Cen...

Filing of Income Tax Returns registers an upsurge of 71% upto 31st August,2018

Filing of Income Tax Returns registers an upsurge of 71% upto 31st August,2018 - GST Latest (Last Updated On: September 3, 2018)There has been a marked improvement in the number of Income Tax Returns(ITRs) filed during FY 2018 (upto 31/08/2018, the extended due date of filing) compared to the corresponding period in the preceding year. The total number of ITRs e-filed upto 31/08/2018 was 5...

GST Revenue collection for August 2018 close to ninety-four thousand crore rupees

GST Revenue collection for August 2018 close to ninety-four thousand crore rupees - GST Latest (Last Updated On: September 3, 2018)The total gross GST revenue collected in the month of August, 2018 is Rs. 93,960crore of which CGST is Rs. 15,303 crore, SGST is Rs. 21,154 crore, IGST is Rs. 49,876crore (including Rs. 26,512 crore collected on imports) and Cess is Rs. 7,628 crore (including Rs.....

GST Council considering Kerala government’s proposal of ‘calamity tax’

GST Council considering Kerala government's proposal of 'calamity tax' - GST Latest (Last Updated On: August 29, 2018)The GST Council is expected to deliberate on a special tax or cess to raise additional resources aimed at meeting the cost of reconstruction in Kerala in the aftermath of floods. This is the first time after the implementation of the GST in July 2014 that a State ha...