- 01 Oct 2022 03:24 PM
- New
Government collects Rs 1,47,686 cr GST revenue in September
GST collections in September rose 26 per cent to over Rs 1.47 lakh crore, the finance ministry said on Saturday. Goods and Services Tax (GST) mop-up has been over Rs 1.40 lakh crore for seven months in a row.
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- 01 Oct 2022 03:43 PM
- New
ICAI Suggestions on Draft Form GSTR-3B
Source: https://taxguru.in/goods-and-service-tax/icai-suggestions-draft-form-gstr-3b.html
Para 2 (a) of the instructions contained in Annexure-B of the concept paper mentions that figures will be auto-populated from Table – 4, 6, 8, 11 and proposed Table 14 of FORM GSTR-1 other than row (f) which will be partly auto-populated from GSTR-2B and partly user entry. However, in respect of the proposed Table-14 of GSTR-1, no details have been released in the public domain till date. Therefore, clarification is required on the same.
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- 29 Sep 2022 05:30 PM
- New
Govt mulls to decrimnalise certain offences under GST, lower compounding charges
Aiming to decriminalise offences under GST, the government is working on a provision to raise the threshold limit for launching prosecution and lower charges for compounding of offence, an official said on 28 September.
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- 29 Sep 2022 05:38 PM
Key GST changes to take effect from 1 October
Accordingly, the due date for availing input tax credit pertaining to the previous financial year has been extended from the due date of filing of GST return for September to 30 November. Also, the due date of issuance of credit notes and declaration in the returns has been extended from 30 September to 30 November.
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- 29 Sep 2022 05:43 PM
Surge in GST collections more due to higher inflation: India Ratings
The surge in goods and services tax collections is more due to higher inflation than higher consumption, said India Ratings and Research in a note on Thursday. It said that higher GST collections should not be construed as an indication of a rise in consumption demand.
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- 28 Sep 2022 04:53 PM
GST body to act against top online gaming firms
NEW DELHI :
The online gaming sector in India must brace for a flurry of tax claims from goods and services tax (GST) authorities, along the lines of the notice issued to unicorn startup Gameskraft Technology during the weekend.
- 28 Sep 2022 05:22 PM
Karnataka court seeks DGGI reply on Gameskraft plea
NEW DELHI : The Karnataka High Court has set 11 October as the date for the next hearing in the case wherein the Directorate General of GST Intelligence (DGGI) has served a ₹21,000 crore tax notice to Bengaluru-based Gameskraft Technology.
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- 28 Sep 2022 05:26 PM
GST revenues likely at ₹1.45 lakh crore in September: Govt
Since March, the collection has been over ₹1.4 lakh crore and in August it was ₹1.43 lakh crore.
The official revenue figures will be released on October 1.
- 27 Sep 2022 02:49 PM
Our wait for a good firm-level database seems endless | Mint
My last column on India’s ill-fated index of industrial production (IIP) received several comments and questions. There appears to be a broad consensus that the IIP, as it exists today, is broken. Decision-makers in the world of finance and in the world of public policy are unable to rely on it.
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- 26 Sep 2022 07:14 PM
Congress obstructed Manmohan Singh from implementing GST: Health minister
Union Health Minister Mansukh Mandaviya recently praised former Prime Minister Manmohan's acumen in economics and said that Dr Singh always backed the idea of Goods and Services Tax (GST), but was obstructed by the Congress party from implementing it.
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