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Our News - May 2022
- 2022-04-18 : GST Council Likely to Go Away With 5% Slabs In Meet Next Month
The GST Council may consider doing away with the five percent slab by moving some goods of mass consumption to three percent and the remaining to eight percent categories. - 2022-03-08 : GST Council to Revise GST Slab Rates
GST Council is likely to announce a 3-tier structure with revision of rates at 8%, 18%, and 28%, respectively. - 2022-03-07 : New Feature for GST Registration and Amendment Launched
GSTN has enabled a new GST feature of Geolocation for choosing an address for new registration and amendment of address for existing registration. - 2022-03-01 : GST Collection Crosses the ₹1.30 lakh Cr Mark
The gross GST revenue collected in February 2022 crossed the 1.30 lakh mark for the fifth time and was ₹1,33,026 crore, of which CGST is ₹24,435 crore, SGST is ₹30,779 crore. - 2022-01-21 : RBI Holds Repo Auction as GST Outflow Tightens Liquidity
The Reserve Bank of India conducted a one-day Variable Rate Repo auction for ₹50,000 crores to rebalance liquidity in the banking system. The rates have been hardening over the past few days due to outflows from banks on account of Goods and Services Tax payments.
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