- 09 Mar 2024 06:05 PM
- New
GSTN Announcement: E-Waybill Integration with New IRP Portals
Source: https://taxguru.in/goods-and-service-tax/gstn-e-waybill-integration-new-irp-portals.html
Introduction: In a significant development, the Goods and Services Tax Network (GSTN) has successfully integrated E-Waybill services with four new Invoice Registration Portal (IRP) portals via the National Informatics Centre (NIC). This integration expands the scope of E-Waybill generation, aligning it seamlessly with E-Invoicing, and is now accessible across all six IRPs.
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- 09 Mar 2024 05:57 PM
- New
Govt expands tax refund scheme to cover SEZs, export-oriented units
NEW DELHI : Amidst global economic uncertainties and supply chain disruptions, the government has expanded the scope of a scheme designed to make Indian exports more competitive globally by refunding various central, state and other local duties and taxes.
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- 08 Mar 2024 06:10 PM
- New
Bengaluru water crisis: Karnataka govt bans drinking water for non-essential use, imposes ₹5,000 fine
Bengaluru water crisis: Bengaluru district administration sets fixed rates for water tankers based on distance traveled. Private tankers supplying water in drought-prone areas will be subject to GST. Government prioritizes irrigation and water management projects over other endeavors.
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- 07 Mar 2024 06:24 PM
Finance Head of a firm arrested for GST evasion to the tune of Rs 88 crore
Introduction: The Ministry of Finance recently made headlines with the arrest of the Finance Head of a prominent firm for alleged GST evasion amounting to a staggering Rs 88 crore. This incident, which unfolded in Mumbai, has raised significant concerns about tax compliance and the enforcement of GST regulations.
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- 07 Mar 2024 06:16 PM
Navigating the evolution of Input Service Distributor under GST
ISD scheme enables distribution of ITC received at one location across other branches of a company. It ensures that ITC is allocated in adherence to the prescribed documentation and other legal requirements.
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- 06 Mar 2024 06:01 PM
Delhi should get its share of taxes from Centre, says FM Atishi
New Delhi: The Delhi state government should get a share of the union government’s taxes devolved to states as per a formula to be set by the Finance Commission, Delhi finance minister Atishi said on Tuesday.
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- 05 Mar 2024 05:57 PM
Make tax system more open, efficient: Nirmala Sitharaman to officials
New Delhi: Finance minister Nirmala Sitharaman on Monday asked Goods and Service Tax (GST) officials to work towards making the tax regime more transparent and efficient, while also leveraging technology to step up user experience and preventing evasion.
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- 05 Mar 2024 06:04 PM
Govt likely to consider tax cuts on flex-fuel vehicles
New Delhi: The Union government is considering a demand for reducing taxes on flex-fuel, or dual-fuel, vehicles, a move that could accelerate the push for cleaner transportation.
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- 04 Mar 2024 05:49 PM
‘India worse than Pakistan,’ Rahul Gandhi accuses PM Modi of ‘finishing’ small businesses
Rahul Gandhi believes Prime Minister Narendra Modi has “finished" small businesses in India. He, during a speech in Madhya Pradesh, was speaking about India's unemployment woes. He mentioned that India’s unemployment had surpassed Pakistan, Bangladesh and Bhutan.
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- 02 Mar 2024 05:31 PM
Ministry of Finance: ₹1.68 Trillion GST Collection Surpasses Expectations
Source: https://taxguru.in/goods-and-service-tax/ministry-finance-gst-collection-feb-2024-analysis.html
The Ministry of Finance recently announced impressive figures regarding the Goods and Services Tax (GST) revenue collection for February 2024. With a substantial increase in collections compared to the previous year, the data underscores positive economic trends and fiscal stability. This article delves into the specifics of the announcement, analyzing the figures and their implications.
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