The government has settled ₹ 19,286 crore to CGST and ₹ 16,939 crore to SGST from IGST as regular settlement.
Finance Minister Nirmala Sitharaman, while addressing the media post the meeting, said that a group of ministers (GoM) will be formed by Saturday (May 29), which will examine the need for further reductions and decide on any new rates in exemptions.
New Delhi: Government crackdown on tax defaulters has revealed shocking data as a total of 1,377 exporters who have fraudulently claimed IGST refund amounting to Rs 1,875 crore have been found untraceable at their principle place of business. Also, the list of ‘risky exporters’ includes 7 larger entities who are accredited as star exporters. In […]
New Delhi: The Centre will disburse GST compensation cess amounting to Rs 20,000 crore to the state government on Monday night, Finance Minister Nirmala Sitharaman said. The decision was taken during the GST Council meet held on Monday. Related Story: Central Revenues Under More Strain Than GST Revenue: Centre To States Besides, Sitharaman said that […]
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