Daily Archives: May 3, 2018

”Increased tax collection will help the nation to expand its economic horizons and take it to loftier heights” – Mr. Arun Jaitley

”Increased tax collection will help the nation to expand its economic horizons and take it to loftier heights” – Mr. Arun Jaitley

NEW DELHI: India’s monthly goods and services tax (GST) collections crossed Rs 1 lakh crore for the first time in April, indicating that the indirect tax regime was stabilising and that economic revival was picking up pace. GST was rolled out across the country on July 1last year.  Gross GST revenue in April stood at Rs 1.03 lakh crore, the…

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GST council to discuss simplifying returns on 4 May, converting GSTN into government company on agenda

GST council to discuss simplifying returns on 4 May, converting GSTN into government company on agenda

New Delhi: Finance Minister Arun Jaitley-chaired GST Council will meet on 4 May to discuss a simpler return form and the amendments required in the indirect tax regime rules. The 27th meeting of the council, comprising state finance ministers, will meet through video conferencing and will also mull over the proposal of converting GSTN into a government company. A decision on…

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