03 Jan 2023 06:02 PM
New

Monthly GST revenues more than Rs 1.4 lakh crore for 10 straight months in a row

Source: https://taxguru.in/goods-and-service-tax/monthly-gst-revenues-1-4-lakh-crore-10-straight-months-row.html

The gross GST revenue collected during December 2022 is Rs 1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs 33,357 crore, IGST is Rs 78,434 crore (including Rs 40,263 crore collected on import of goods) and Cess is Rs 11,005 crore (including Rs 850 crore collected on import of goods).

02 Jan 2023 03:16 PM
New

GST collection jumps 15% to ₹1.49 lakh crore in December 2022

Source: https://www.livemint.com/economy/gst-collection-jumps-15-to-rs-1-49-lakh-crore-in-december-2022-11672569164471.html

GST revenues rose by 15% in December 2022 to over ₹1.49 lakh crore, the Finance Ministry said on Sunday. "The gross GST revenue collected during December 2022 is ₹1,49,507 crore, of which CGST is ₹26,711 crore, SGST is ₹33,357 crore, IGST is ₹78,434 crore (including ₹40,263 crore collected on import of goods) and cess is ₹11,005 crore (including ₹850 crore collected on import of goods)," the ministry said in a statement. The monthly GST revenues more than ₹1.4 lakh crore for 10 straight months in a row

02 Jan 2023 04:36 PM
New

Centre, states collect around ₹1.5 trillion in GST in December

Source: https://www.livemint.com/news/india/centre-states-collect-around-rs-1-5-trillion-in-gst-in-december-11672579803586.html

NEW DELHI : Central and state governments collected around ₹1.5 trillion in Goods and Services Tax (GST) revenue in December, showing an improvement of 15% over what was collected in the same month a year ago, finance ministry said in a statement on Sunday.

02 Jan 2023 05:10 PM

Centre, states collect around ₹1.5 trillion in GST in December

Source: https://www.livemint.com/news/india/centre-states-collect-around-1-5-trillion-in-gst-in-december-11672597498821.html

Central and state governments collected ₹1.5 trillion in goods and services tax (GST) in December, up 15% from a year earlier, on higher sales of automobiles and a pick-up in services activity.

02 Jan 2023 05:13 PM

Govt proposes self regulation for online gaming companies: Things to know

Source: https://www.livemint.com/technology/tech-news/govt-proposes-self-regulation-for-online-gaming-companies-things-to-know-11672653657180.html

Centre recently appointed the Ministry of Electronics and Information Technology (MeitY) as the nodal ministry for matters relating to online gaming with monetary risks. Now, as per a notice by the ministry, online companies may be required to practice self regulation.

31 Dec 2022 06:17 PM

GST Council decisions kick in from 1 January

Source: https://www.livemint.com/economy/gst-council-decisions-kick-in-from-1-january-11672461447744.html

NEW DELHI: Several decisions related to Goods and Services Tax (GST), decisions signed off by the GST Council at its meeting earlier this month, will kick in from 1 January, showed a series of orders issued by the Central Board of Indirect Taxes and Customs (CBIC).

31 Dec 2022 06:24 PM

Live Course on Input Tax Credit under GST– Detailed Analysis

Source: https://taxguru.in/goods-and-service-tax/live-input-tax-credit-gst-detailed-analysis.html

In The Current Environment, Input Tax Credit Is The Heart of Indirect Taxation. As Of Now We All Know That ITC Is The Most Crucial Part In GST Regime. If We Are Talking About Future Then We Can Say That Maximum Of The Litigations Will Arises Due To Input Tax Credit. After Considering All These Facts We Are Coming With A Live Course On Input Tax Credit.

31 Dec 2022 06:30 PM

Empanelment for Special Audit with Delhi GST department

Source: https://taxguru.in/goods-and-service-tax/empanelment-special-audit-delhi-gst-department.html

Commissioner, CGST & C. Ex., Audit-1 Delhi, Central Board of Indirect Taxes and Customs, Department of Revenue, Ministry of Finance invites online Expression of Interest (EOI) for empanelment of Chartered Accountants, Chartered Accountant firms, Cost Accountants and Cost Accountant firms for conducting special audit of accounts of GST Registered persons as envisaged under Section 66 of the Central Goods and Service Tax Act, 2017.

29 Dec 2022 05:02 PM

CBIC lets field officers recover lower dues from bankrupt cos

Source: https://www.livemint.com/economy/cbic-lets-field-officers-recover-lower-dues-from-bankrupt-cos-11672246473664.html

NEW DELHI : The Central Board of Indirect Taxes and Customs (CBIC) has allowed tax officers to recover reduced dues from bankrupt businesses as decided by the National Company Law Tribunal (NCLT) while deciding on the future of a distressed company.

28 Dec 2022 05:36 PM

Reforms set stage for steady 6.5-7% growth: Nageswaran

Source: https://www.livemint.com/news/india/reforms-set-stage-for-steady-6-5-7-growth-cea-nageswaran-11672162581584.html

While economic reforms, including the implementation of goods and services tax and insolvency code, have positively impacted India’s economy, they have been overshadowed by the pandemic, balance sheet repair for banks and companies, and external shocks such as commodity price increases and interest rate hikes, chief economic adviser in the finance ministry V. Anantha Nageswaran said. However, these reforms have set the stage for sustained 6.5-7% growth in the coming years, Nageswaran said in an interview.