- 26 Sep 2022 07:19 PM
- New
Court stays ₹21,000 crore tax demand on online gaming firm
NEW DELHI: The Karnataka High Court has stayed an intimation from the Goods and Services Tax (GST) authorities advising gaming company Gameskraft Technologies Pvt. Ltd. to pay nearly ₹21,000 crore and applicable interest till the case is decided on merit.
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- 23 Sep 2022 05:08 PM
- New
CBIC urges QRMP scheme beneficiaries to pay GST by 25 September
Late payment will attract interest, the tax authority cautioned tax payers in a social media post.
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- 23 Sep 2022 05:12 PM
- New
Karnataka expects more revenue with economic recovery after Covid pandemic: CM Basavaraj Bommai
Karnataka Chief Minister Basavaraj Bommai is expecting an increase in the state's revenue in the current financial year 2022-23 amid the recovery in the economy as the Covid-19 pandemic subsides. Bommai who also holds the Finance portfolio in the Karnataka government said, “Post-Covid economic recovery is on, last year we performed better than expected, in the last six months, too, as the trend continued, there has been additional revenue collection and other sources".
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- 19 Sep 2022 05:32 PM
GST on crypto transactions in the works
BENGALURU, NEW DELHI : The government has started work on a comprehensive indirect tax regime for crypto assets that would check any revenue loss to the exchequer due to the ambiguity around the true nature of these assets.
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- 19 Sep 2022 05:41 PM
GST Council Newsletter for the month of August, 2022
Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-august-2022.html
The gross GST revenue collected in the month of August, 2022 is ₹1,43,612 crore of which CGST is ₹24,710 crore, SGST is ₹30,951 crore, IGST is ₹77,782 crore (including ₹ 42,067 crore collected on import of goods) and cess is ₹10,168 crore (including ₹ 1,018 crore collected on import of goods).
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- 19 Sep 2022 05:49 PM
Better utilize AI, data-analytics & other technologies to identify tax evasion
We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects : Nirmala Sitharaman
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- 16 Sep 2022 05:41 PM
GST collection likely to cross ₹1.5 lakh crore from October: Revenue Secretary
The Goods and Services Tax (GST) collection may top ₹1.5 lakh crore from October, Revenue Secretary Tarun Bajaj said on 14 September.
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- 16 Sep 2022 05:46 PM
CBIC develops system for online monitoring of GST audits
The tax authority’s online monitoring of audits assumes significance given that it is keen to ensure there is no revenue leakage while ensuring that the audit process does not become burdensome on tax payers
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- 16 Sep 2022 05:50 PM
Focus on quality, not cost: Nitin Gadkari tells auto makers
While speaking at the 62nd annual session of the Society of Indian Automobile Manufacturers (SIAM), Union Minister of Road Transport and Highways, Nitin Gadkari on Thursday asked automobile manufacturers to focus on quality over cost.
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- 16 Sep 2022 05:53 PM
Reforms of 1991 were incomplete, says Nirmala Sitharaman
NEW DELHI : Finance minister Nirmala Sitharaman on Thursday said that India could have become the fifth biggest economy in the world earlier itself, but for the philosophy of socialism which relied on centralised planning.
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