- 05 Dec 2022 06:07 PM
- New
Decriminalisation of GST Act: Why it can be a big reprieve for small businesses in India
To promote ease of doing business for small businesses and clearly distinguish between minor offenses and willful evasion of duty, government is initiating one of the major overhauls of the GST provisions after 5 years.
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- 03 Dec 2022 02:16 PM
- New
Budget 2023-24: PHD Chamber seeks single GST rate for hotels at 12%
As the government is set to present the union budget for FY24 on 1 February, 2023, PHD Chamber of Commerce and Industry has suggested the government to make maximum GST on hotel rooms at 12 percent.
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- 02 Dec 2022 06:02 PM
- New
We want to be a one stop shop for anything related to real estate: Saurabh Garg
Amid the property rentals rising in major cities post COVID-19 pandemic and people fed up with issues related with rentals, brokerage, moving logistics, documentation and others, property listing platform NoBroker's Co-Founder and CBO Saurabh Garg opens up for an exclusive interview with LiveMint.
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- 02 Dec 2022 06:08 PM
GST collection for November stands at Rs 1,45,867 crore, surges 11% YoY
"The government has settled ₹33,997 crore to CGST and ₹28,538 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2022 is ₹59678 crore for CGST and ₹61189 crore for the SGST. In addition, Centre had also released ₹17,000 crore as GST compensation to States/UTs in November 2022," stated the release.
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- 02 Dec 2022 06:13 PM
Monthly GST revenues more than ₹1.4 lakh crore for nine straight months in a row
₹1,45,867 crore gross GST revenue collected for November 2022, records increase of 11% Year-on-Year Monthly GST revenues more than ₹1.4 lakh crore for nine straight months in a row Revenues from import of goods 20% higher and revenues from domestic transaction (including import of services) 8% higher than the same month last year
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- 01 Dec 2022 06:19 PM
Has GST reduced inter-state disparities?
Source: https://www.livemint.com/economy/has-gst-reduced-inter-state-disparities-11669827832426.html
This financial year, the goods and services tax (GST), may be finally coming into its own. Two months in 2022-23—April and October—have seen the highest revenue mobilization under this ‘one country, one tax’ system since its introduction in July 2017.
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- 01 Dec 2022 06:24 PM
November GST collection up 11% YoY at ₹1.45 lakh crore
Goods and Services Tax (GST) collections for the month of November 2022 stood at ₹1,45,867 crore, according to the data shared by finance ministry on Thursday. The revenue for the month of November are 11% higher than the GST revenue in the same month last year, which itself was ₹1,31,526 crore.
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- 01 Dec 2022 06:30 PM
Centre, states collect about ₹1.46 trillion in GST in November
New Delhi: Central and state governments have collected about ₹1.46 trillion in Goods and Services Tax (GST) in November, as festive demand continued to support consumption of goods and services.
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- 28 Nov 2022 06:22 PM
Odisha govt. distributes ₹43 cr among dependants on Kendu leaf trade
To provide relief to people engaged in the kendu leaf trade, the Odisha government on Sunday disbursed assistance worth ₹43 crore to kendu leaf pluckers, binders, and seasonal employees.
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- 26 Nov 2022 06:06 PM
Centre releases Rs. 17,000 crore of GST compensation to States/UTs
The Central Government released an amount of Rs. 17,000 crore to States/UTs on 24.11.2022 towards the balance GST compensation for the period April to June, 2022 (State-wise details as per Table below). The total amount of compensation released to the States/UTs so far, including the aforesaid amount, during the year 2022-
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