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GST officers detect 824 crore tax evasion by insurance companies

Acting on specific inputs, GST Intelligence Officers in Mumbai searched the premises of a number of corporates -- insurance companies, intermediary marketing/branding companies, NBFCs and banks, in multiple cities.

Statements of key persons involved indicate that the insurance companies have been executing the modus since the inception of GST.
Statements of key persons involved indicate that the insurance companies have been executing the modus since the inception of GST.
Published on Sep 29, 2022 10:14 PM IST

GST collection may top 1.5 lakh cr from Oct: Revenue secretary Tarun Bajaj

Revenue collection from goods and services tax (GST) has been trending at over ₹1.4 lakh crore in the past six months consecutively but has not crossed the ₹1.5-lakh-crore-mark yet on a consistent basis.

The August collection of <span class='webrupee'>₹</span>1.43 lakh crore is up 28 per cent on-year but lower than <span class='webrupee'>₹</span>1.49 lakh crore in July.(PTI file photo)
The August collection of 1.43 lakh crore is up 28 per cent on-year but lower than 1.49 lakh crore in July.(PTI file photo)
Published on Sep 14, 2022 09:24 PM IST

Railways explains the new GST rules applicable on cancelling confirmed tickets

The ministry said that new rules would only be applicable in case of AC and First Class tickets, and that the GST collected is done so on behalf of the Finance Ministry.

On August 3, the Finance Ministry had issued guidelines on the implementation of GST on cancellation charges of confirmed train tickets. (Pic for representation)
On August 3, the Finance Ministry had issued guidelines on the implementation of GST on cancellation charges of confirmed train tickets. (Pic for representation)
Published on Aug 29, 2022 07:16 PM IST

Confused whether you need to pay GST on rented house? Centre clears the air

The Centre said renting of residential unit taxable only when it is rented to business entity.

The Centre has issued a clarification on whether you need to pay GST on rented house. 
The Centre has issued a clarification on whether you need to pay GST on rented house. 
Updated on Aug 12, 2022 04:49 PM IST

Do you need to pay GST on rented house? Check new rules applicable from July 18

Earlier, rent of residential properties till July 17, 2022 was exempted from GST irrespective of whether the tenant or landlord is registered or not. But from July 18, a tenant who is registered will be liable to pay GST on renting a property for residential purposes.

You will have to pay 18 per cent GST on the rented residential property. 
You will have to pay 18 per cent GST on the rented residential property. 
Published on Aug 12, 2022 11:16 AM IST
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