GST
Latest news, explainers and analysis on GST. Tracking 4 stories on Arth Vani.
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Latest on GST
BreakingGST Officer, CA Arrested by ACB for Allegedly Accepting ₹3 Lakh Bribe
The Anti-Corruption Bureau (ACB) has arrested an Excise and Taxation Officer (ETO) from the GST department and a Chartered Accountant (CA) for allegedly accepting a bribe of ₹3 lakh. The arrests highlight ongoing vigilance against corruption within government services and associated professions.
BreakingIndia's GST Collections Surge 15.4% to ₹2.11 Lakh Crore in July
India's Goods and Services Tax (GST) collections reached a robust ₹2.11 lakh crore in July, marking a significant 15.4% increase compared to the same month last year. This strong performance, partly driven by a surge in import-related GST, indicates resilient domestic consumption and industrial activity across the nation.
GST Panel May Allow Tax Credit Transfer within Corporate Groups; Intra-Group Guarantees Could See Exemption
A key GST panel is reviewing significant industry suggestions, including allowing companies within the same corporate group to transfer unused input tax credit and exempting intra-group corporate guarantees from tax. These proposals, aimed at boosting ease of doing business and improving corporate cash flow, will be put before the GST Council for its next meeting.
CBIC Considers Centralised GST Registration for Businesses Across India
The Central Board of Indirect Taxes and Customs (CBIC) is exploring a proposal to allow businesses operating in multiple states to register under a single central Goods and Services Tax (GST) authority. This move aims to simplify compliance by eliminating the need to interact with various state-level GST departments.
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