GST compensation cess is a specific tax established within the framework of the Goods and Services Tax (GST) system in India. This tax is levied on select goods to assist states in recouping any ...

Union government collects ₹100 in taxes, but ₹10-11 is collected as cesses, surcharges, and cost of collection.

The Indian government refutes claims that GST complexities hinder business operations, stating that the tax structure follows GST Council recommendations, comprising four main slabs—5%, 12%, 18%, and ...

Central GST officers detected over ₹1.88 lakh crore GST evasion, including ITC fraud, in 72,393 cases from April to December ...

Central GST officers detected over Rs 1.88 lakh crore in GST evasion during April-December 2024, including ITC fraud cases.

This includes 10.4 per cent growth in revenue from sale of goods and services domestically at Rs 1.47 trillion and 19.8 per ...

Cigarette maker Godfrey Phillips India Ltd on Tuesday (February 4) said it has received a Goods and Services Tax (GST) demand ...

Govt notifies GST compensation cess extension until March 2026 The imposition of GST compensation cess on certain goods and services had already been extended until March 2026 to make up for the ...

In the 2023-24 fiscal, CGST officials detected GST evasion of ₹ 2.30 lakh crore in 20,582 cases. Recovery of ₹ 31,758 crore ...

GST evasion of over Rs 1.88 lakh crore was detected by Central GST officers during April-December 2024, the Lok Sabha was ...