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Chennai News, News
Benefits of the GST reforms should reach the public: Union Finance Minister Nirmala Sitharaman
By Chennaivision on September 15, 2025

Union Finance Minister Nirmala Sitharaman on Sunday hailed the latest GST reforms as a significant victory for every citizen of the country. Speaking at the “Tax Reforms for Rising Bharat” event organized by the Chennai Citizens Forum, Sitharaman said the changes are being rolled out ahead of schedule, even before Prime Minister Narendra Modi’s directive to implement them before Deepavali… Continue reading "Benefits of the GST reforms should reach the public: Union Finance Minister Nirmala Sitharaman"
National News, News
New GST regime from Sept 22: 5% and 18% slabs remain, 40% on luxury goods
By Chennaivision on September 4, 2025

The 56th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman on Wednesday, approved the rationalisation of GST rates, abolishing the 12 per cent and 28 per cent slabs. The new slab structure will come into effect from September 22, the first day of Navaratri. The Council cleared a two-tier tax structure with rates of 5 per cent… Continue reading "New GST regime from Sept 22: 5% and 18% slabs remain, 40% on luxury goods"
National News, News
Centre proposes reducing GST slabs from 4 to 2, may retain 5%, 18%
By Chennaivision on August 16, 2025

Goods and Services Tax (GST) be retained – 5 per cent and 18 percent – as per sources. Under this proposal, 90 per cent of the items in the 28 per cent will be moved to the 18 per cent slab, while 99 per cent of the items in the 12 per cent slab will be moved to the five… Continue reading "Centre proposes reducing GST slabs from 4 to 2, may retain 5%, 18%"
National News, News
GST collections top Rs 2 lakh crore again in May
By Chennaivision on June 2, 2025

Gross Goods and Services Tax (GST) collections rose 16.4 per cent year-on-year to Rs 2.01 lakh crore in May (for sales in April), data released by the government on Sunday showed. The GST collections in May were lower than last month’s record-high level of Rs 2.37 lakh crore even as the growth rate was higher at 16.4 per cent in… Continue reading "GST collections top Rs 2 lakh crore again in May"
National News, News
India’s GST collection rises 12.6% to highest-ever of ₹2.37 lakh crore in April 2025
By Chennaivision on May 2, 2025

Goods and Services Tax (GST) collection rose 12.6 per cent year-on-year (YoY) to an all-time high of about ₹2.37 lakh crore in April. The GST mop-up was ₹2.10 lakh crore in April 2024 — the second highest collection ever since GST was rolled out in July 2017. In March 2025, the collection was ₹1.96 lakh crore. According to the latest… Continue reading "India’s GST collection rises 12.6% to highest-ever of ₹2.37 lakh crore in April 2025"
Chennai News, News
Exempt coop products, services from GST: TN Minister asks Union Minister Amit Shah
By Chennaivision on November 26, 2024

The Tamil Nadu government has requested the Centre to exempt cooperative societies from Goods and Services Tax (GST), income tax, and Tax Deducted at Source (TDS) deductions. The appeal was made by the State Minister for Cooperation, K.R. Periyakaruppan, during a meeting with Union Minister for Home Affairs and Cooperation, Amit Shah, in New Delhi. The Tamil Nadu government has… Continue reading "Exempt coop products, services from GST: TN Minister asks Union Minister Amit Shah"
National News, News
‘29,000-plus firms busted since May for fake invoices’
By Chennaivision on January 8, 2024

The government on Sunday said GST officers have detected 29,273 bogus firms involved in fake Input Tax Credit (ITC) claims of Rs 44,015 crore in eight months till December 2023 during a drive against fake registration, which helped save revenue of Rs 4,646 crore. In the October-December quarter, 4,153 bogus firms that involved suspected ITC evasion of around Rs 12,036… Continue reading "‘29,000-plus firms busted since May for fake invoices’"
National News, News
October gross GST collections climb to Rs 1.72 lakh crore
By Chennaivision on November 2, 2023

The government’s Goods and Services Tax (GST) collections climbed 13 percent year-on-year in October to Rs 1.72 lakh crore, second-highest revenue collection ever, the Ministry of Finance said on November 1. “GST revenue collection for October 2023 is second highest ever, next only to April 2023. Revenue from domestic transactions (including import of services) is 13 percent higher year-on-year. Average… Continue reading "October gross GST collections climb to Rs 1.72 lakh crore"
National News, News
GST collection in Sept zooms to Rs 1.63 lakh crore
By Chennaivision on October 2, 2023

The government’s Goods and Services Tax (GST) collections climbed 10.2 percent year-on-year in September to Rs 1.63 lakh crore, the Ministry of Finance said on October 1. At Rs 1.63 lakh crore, the September GST collections is 2.3 percent higher than what was collected in August. This is the seventh month in a row that the monthly GST collection has come in… Continue reading "GST collection in Sept zooms to Rs 1.63 lakh crore"

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