- 05 Jan 2024 05:54 PM
- New
Live Webinar on Input Tax Credit covering recent Circular and Judgments
Who are saying that for more than 5 years happened the Goods and Service Tax Act, 2017 introduced. It was new tomorrow, new today and also will be new in the future. GST and its amendments are continuous for us.
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- 03 Jan 2024 05:35 PM
- New
LIC share price rises over 1% even as the insurer gets penalty notice worth ₹116 crore
Life Insurance Corporation of India (LIC) share price: LIC share price rose 1.8% on Wednesday's trading session despite the insurer's announcement on Tuesday that tax authorities had issued a demand notice for approximately ₹116 crore due to nonpayment of Goods and Services Tax (GST) for the 2017–18 tax year. LIC share price today opened at ₹838.80 apiece on BSE. LIC share price touched an intraday high of ₹853 and an intraday low of ₹837.45. According to Ruchit Jain, Lead Research Analyst at 5paisa, LIC share price has been forming higher top higher bottom. The 20 DEMA support is placed around ₹800, followed by a swing low at 746.
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- 02 Jan 2024 05:48 PM
- New
12% Y-o-Y Growth, ₹14.97 Lakh Crore GST Collection in April-Dec 2023
Posting a growth rate of 12% Y-o-Y, 14.97 lakh crore gross GST collection during April-December 2023 period
Gross GST collection averages 1.66 lakh crore in first 9 months of FY24
1,64,882 crore gross GST revenue collection for December, 2023
- 02 Jan 2024 05:21 PM
Indian stock market: 6 things that changed for market overnight - Gift Nifty, rise in oil prices to steady dollar
Indian stock market: The domestic equities are likely to open on a positive note Tuesday following mixed cues from global peers.
The Asian markets traded mixed while the US stock futures were flat after returning from a holiday. Investors await key economic data from the Asian region, while keeping an eye on crude oil prices amid tensions in the Red Sea.
- 02 Jan 2024 05:42 PM
HUL hit with ₹447.5 crore GST demands and penalties
Leading FMCG maker Hindustan Unilever Ltd on Monday said it has received Goods and Services Tax demands and penalties totalling ₹447.5 crore from the authorities.
In a regulatory filing, HUL -- which owns brands such as Lux, Lifebuoy, Surf Excel, Rin, Pond's and Dove -- said these "orders are currently appealable" and it will make an assessment.
- 01 Jan 2024 05:53 PM
Asian Paints gets tax demand of ₹13.83 crore, penalty of ₹1.38 cr from Tamil Nadu GST authority
Asian Paints on Monday said that it has received ₹13.83 crore tax demand, with a ₹1.38 crore penalty from the Deputy Commissioner of State Tax, Chennai, Tamil Nadu.
"An order passed under relevant provisions of the Central Goods and Services Tax Act, 2017 and the corresponding provisions... demanding additional tax on outward supplies, disallowance on account of account of Input Tax Credit (ITC) mismatch between the purchases reported by the supplier in GT return and credit claimed by the company....," Asian Paints said.
- 01 Jan 2024 06:01 PM
GST collection in December rises 10% YoY to ₹1.65 lakh crore
The government, on Monday, reported a 10 percent year-on-year increase in Goods and Services Tax (GST) collections, totaling ₹1.65 lakh crore, as announced by the Ministry of Finance on January 1.
Although the December GST collections of ₹1.65 lakh crore are 2 percent lower than the ₹1.68 lakh crore recorded in November, it marks the tenth consecutive month where the monthly GST collection has surpassed the ₹1.5-lakh-crore threshold.
- 01 Jan 2024 06:10 PM
Advisory on functionalities available on GST portal for GTA taxpayers
Introduction: Dear GTA Taxpayers, as of 01/01/2024, essential functionalities are available on the portal for efficient Goods and Services Tax (GST) compliance. In this guide, we’ll walk you through the key features to streamline your experience.
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- 01 Jan 2024 05:57 PM
Mint Explainer: What to expect from the 16th Finance Commission
The Central government named former vice chairman of Niti Aayog Arvind Panagariya as the chairperson of the 16th Finance Commission. Mint takes a look at what to expect from the new commission, especially when revenue sharing among states is a controversial subject. Panagariya, also a professor at Columbia University, is expected to begin consultations with all states shortly after taking charge.
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- 30 Dec 2023 06:07 PM
CBIC extends GST dues recovery date
Source: https://www.livemint.com/news/india/cbic-extends-gst-dues-recovery-date-11703873865930.html
New Delhi: The Goods and Services Tax (GST) Council has extended the deadline for tax officials to demand and recover dues from businesses for 2018-19 and 2019-20, as the government looks to resolve backlogs and bolster revenues.
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