- 29 Sep 2022 05:38 PM
- New
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
- New
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
- New
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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- 26 Sep 2022 07:19 PM
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
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
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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