Page-3 of CGST
GSTN to make Aadhaar authentication mandatory for new dealers from January 2020
The Goods and Services Tax (GST) Network has decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2020 so as to check malpractices in GST. Aadhaar authentication was earlier optional. The announcement in this regard ..
Month: Current Affairs - September, 2019
1 July: GST Day
1st July 2019 is being celebrated as GST (Goods & Services Tax) Day. This year marks the 2nd anniversary of implementation of historic tax reform of Goods & Services Tax. Background First GST Day was celebrated on 1 July 2018, ..
Month: Current Affairs - July, 2019
Power of Tax Officials to Arrest
The promoters of some companies were arrested by the Tax officials on the allegation that the shell companies were inflating the turnovers to claim the input tax credit. Many of the promoters approached various high courts and got anticipatory bails. ..
GST Revenue Touches Record High in March
The statement from the Finance Ministry states that GST collections scaled to a record high of Rs 1.06 trillion in March. The revenue collection was Rs 97,247 crore in the month of February. Record Revenue Mobilisation The record revenue collection ..
Month: Current Affairs - April, 2019
GST collection increases to one lakh crore in January
The data from the Ministry of Finance shows that goods and services tax collections stood at Rs. 1,02,503 crore in the month of January. Of the Rs. 1,02,503 crore GST revenue, Central GST is Rs 17,763 crore, State GST (SGST) is Rs 24,826 ..