Biometric Aadhaar Verification for GST Registration – Gujarat & Puducherry
  • 06 Nov 2023 05:54 PM
  • New

Biometric Aadhaar Verification for GST Registration – Gujarat & Puducherry

Source: https://taxguru.in/goods-and-service-tax/biometric-aadhaar-verification-gst-registration-gujarat-puducherry.html

The Goods and Services Tax Network (GSTN) has introduced a new biometric-based Aadhaar authentication and document verification process for GST registration applicants in Gujarat and Puducherry. This initiative aims to streamline the registration process and enhance security. This article will provide a detailed analysis of the advisory for the pilot project.

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October 2023 GST Revenue Hits Second-Highest Mark, Surges 13%
  • 02 Nov 2023 06:13 PM
  • New

October 2023 GST Revenue Hits Second-Highest Mark, Surges 13%

Source: https://taxguru.in/goods-and-service-tax/october-2023-gst-revenue-hits-second-highest-mark-surges-13-percent.html

Introduction: The Ministry of Finance has released its report on GST revenue collection for October 2023, showcasing impressive growth compared to the previous year. This detailed analysis delves into the numbers, highlighting key insights and state-wise figures.

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Are Indian GST revenues really as buoyant as they appear to be?
  • 02 Nov 2023 06:06 PM

Are Indian GST revenues really as buoyant as they appear to be?

Source: https://www.livemint.com/opinion/online-views/are-indian-gst-revenues-really-as-buoyant-as-they-appear-to-be-11698922991786.html

India’s gross goods and services tax (GGST) revenue hit ₹1.72 trillion in October, the second-highest since the rollout of this indirect tax regime. The average monthly GGST collection during the first half of 2023-24 has been ₹1.65 trillion, which has become a new benchmark. This monthly revenue figure has been tracked in recent years as an indicator of economic growth.

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Real money gamers to play less following new GST, TDS rules, says report
  • 02 Nov 2023 06:02 PM

Real money gamers to play less following new GST, TDS rules, says report

Source: https://www.livemint.com/industry/real-money-gamers-to-play-less-following-new-gst-tds-rules-says-report-11698919581364.html

New Delhi: An estimated 60% of of real money gamers in India have said they would likely play less following the government decision to impose a 28% goods and services tax (GST) on online gaming.

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GST Oct haul 2nd highest at ₹1.72 tn
  • 02 Nov 2023 05:52 PM

GST Oct haul 2nd highest at ₹1.72 tn

Source: https://www.livemint.com/news/india/gst-oct-haul-2nd-highest-at-1-72-tn-11698862687756.html

New Delhi: Central and state governments collected ₹1.72 trillion in Goods and Services Tax (GST) in October, a 13% increase from a year earlier, marking the second-highest monthly haul since the new tax regime debuted in 2017.

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GST collection jumps 13% YoY to ₹1.72 lakh crore in October
  • 01 Nov 2023 05:31 PM

GST collection jumps 13% YoY to ₹1.72 lakh crore in October

Source: https://www.livemint.com/economy/gst-revenue-collections-jumps-13-yoy-to-1-72-lakh-crore-in-october-11698830070107.html

GST revenue collection jumped by 13% YoY in October to ₹1.72 lakh crore. Notably, this is the highest-ever collection next to April 2023

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Tax authorities probing Raymond's consumer care business sale to Godrej: GST in focus
  • 30 Oct 2023 05:45 PM

Tax authorities probing Raymond's consumer care business sale to Godrej: GST in focus

Source: https://www.livemint.com/companies/news/tax-authorities-probing-raymonds-consumer-care-business-sale-to-godrej-gst-in-focus-11698646136351.html

The Directorate General of GST Intelligence (DGGI) is investigating the sale of Raymond's consumer goods business to a Godrej unit, The Economic Times reported quoting sources.

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Centre notifies 18% GST on corporate guarantees
  • 28 Oct 2023 06:18 PM

Centre notifies 18% GST on corporate guarantees

Source: https://www.livemint.com/news/india/centre-notifies-18-gst-on-corporate-guarantees-11698418949041.html

The rule takes effect from 26 October and applies to corporate guarantees between parent and subsidiaries and other related parties, the Central Board of Indirect Taxes and Customs said

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