- 01 Nov 2022 05:49 PM
- New
October GST receipts at second highest level since rollout
New Delhi: Central and state governments have collected close to ₹1.52 trillion in Goods and Services Tax revenue (GST) in October, the second highest monthly collections after record mop-up was seen in April this year, said an official statement. GST collections had hit nearly ₹1.68 trillion in April following a spike in year end sales in March.
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- 31 Oct 2022 05:20 PM
- New
Merger of anti-profiteering body with CCI faces hurdles
NEW DELHI : The government’s idea of merging the National Anti-profiteering Authority (NAA), which penalizes businesses for goods and services tax (GST)-related profiteering, with the anti-trust regulator Competition Commission of India (CCI) has run up against a host of administrative challenges, including the short span of about a month left before the expiry of the NAA’s term.
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- 31 Oct 2022 05:24 PM
- New
Re-focus efforts on revenue mobilization: CBIC to officials
NEW DELHI: Central Board of Indirect Taxes and Customs (CBIC) expects officials to pay special attention to key areas of work—improving tax compliance and revenue augmentation—in the second half of the financial year, according to an official update.
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- 31 Oct 2022 05:28 PM
DGGI promises monetary reward to informers aiding in tax recovery
NEW DELHI: The Directorate General of GST Intelligence (DGGI) has promised rewards to those who share information which leads to recovery of taxes, as per a message from the probe agency.
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- 31 Oct 2022 05:32 PM
Practical Guide To GSTR -9/9C – Live Session
Source: https://taxguru.in/goods-and-service-tax/practical-guide-gstr-9-9c-live-session.html
This Session Covers Practical Aspects of Annual Returns and Annual Reconciliation under GST from Basic to Advanced level covering all the Relevant Rules.
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- 21 Oct 2022 05:52 PM
Slow GST portal: CBIC mulls extending Sept returns filing due date
The Central Board of Indirect Taxes and Customs on Thursday said it is examining the proposal of extending the deadline for filing GST returns for September as taxpayers are facing slow functioning of the GSTN portal
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- 20 Oct 2022 06:14 PM
GST Council to meet before mid-November, tax on casino, online gaming on agenda
GST Council is likely to meet in the first half of November to discuss the reports of the panel of ministers on setting up GST appellate tribunal and levy of tax casinos and online gaming, an official said.
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- 18 Oct 2022 06:07 PM
India should consider taxing passenger vehicles based on emissions: Nissan MD
For a cleaner environment, India should consider taxing passenger vehicles based on emissions rather than length and engine size of vehicles, said Nissan Motor India MD Rakesh Srivastava on 18 October.
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- 17 Oct 2022 06:15 PM
Sale of illegal fire-crackers without invoice – CGST officials bust racket
The Anti-Evasion Branch, CGST Commissionerate Faridabad, Panchkula CGST Zone, received an information that M/s R. P. Enterprises having its registered principal place of business at village-Baghola, District Palwal, Haryana and additional premises at Sihi Gate, Ballabhgarh, Haryana, is engaged in purchase and sale of fire crackers without invoice. Accordingly, the Anti-Evasion Branch, CGST Commissionerate Faridabad, conducted simultaneous searches under Section 67 (2) of the CGST Act, 2017 on the 12th October, 2022, which continued for whole night.
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- 14 Oct 2022 05:30 PM
Overtaxing online gaming will favour grey operators
Five years ago, not even the staunchest believers of India’s online gaming success story could have predicted that by 2022, this industry would be entertaining over 200 million people, generating over $2 billion in revenues and be worth over $20 billion. Similarly, it is hard to foresee today that by 2030, Indian online gaming companies could be generating over $25 billion in revenues and offering India’s most dominant form of entertainment after cricket. Achieving this dream, however, would require more than just entrepreneurial spirit, of which there is no dearth in the country. It would require the right policy framework that gives operators an opportunity to innovate, protects users from operator and self-abuse, and maximizes tax revenues without hurting the industry’s growth and innovation.
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