Latest List of 12% and above GST Goods and Services Recently the Government of India announced a Special Voucher Cash Benefit Scheme for Central Government Employees in lieu of Leave Travel Concession. In the new reimbursement scheme, employees could get reimbursement on any expenses of buying 12 percent and above GST goods and services. Here … Read more
GST Rate of 1% in Case of Affordable Houses GST rate of 1% in case of affordable houses and 5% on construction of houses other than affordable house Ministry of Finance Decisions taken by the GST Council in the 34thmeeting held on 19thMarch, 2019 regarding GST rate on real estate sector GST Council in the … Read more
GST Collection Crossed One Lakh Crore Rupees in Jan 2019 Ministry of Finance GST Revenue collection for January 2019 crossed one lakh crore rupees The total gross GST revenue collected in the month of January, 2019 is Rs 1,02,503 crore of which CGST is Rs 17,763crore, SGST is Rs 24,826 crore, IGST is Rs 51,225 … Read more
GST reforms Resulted in Increased Tax Base The Goods and Services Tax (GST) reforms has resulted in increased tax base Ministry of Finance GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade Rates continuously reduced providing relief of about rs. 80,000 crore annually to consumers Most items … Read more