APRIL 2022 (Week 1)

GST NEWS BULLETIN

CBIC Issues Notification To Implement Special Composition Scheme For Specified Goods W.e.f. 1st April, 2022

CBIC vide notification number 04-2022 – Central Tax dated 31st March, 2022 has notified the below mentioned goods for which the registered persons can opt for composition scheme to pay composition tax rate of 6% w.e.f. 1st April ,2022.

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Highest ever GST revenue collected in the month of March 2022 of ₹ 1,42,095 crore

The gross GST revenue collected during the month of March 2022 is ₹ 1,42,095 crore of which CGST is ₹ 25,830 crore, SGST is ₹ 32,378 crore, IGST is ₹ 74,470

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