E-way bills moderate in Sep but remain among highest
  • 05 Oct 2023 05:27 PM
  • New

E-way bills moderate in Sep but remain among highest

Source: https://www.livemint.com/economy/eway-bills-moderate-in-sep-but-remain-among-highest-11696438453294.html

Generation of electronic permits for shipping goods within and across states in September moderated in tandem with softening factory orders but still remained one of the highest on record.

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Advisory: e-Invoice JSON download functionality Live on GST e-Invoice Portal
  • 04 Oct 2023 06:16 PM
  • New

Advisory: e-Invoice JSON download functionality Live on GST e-Invoice Portal

Source: https://taxguru.in/goods-and-service-tax/advisorye-invoice-json-download-functionality-live-gst-e-invoice-portal.html

The Goods and Services Tax Network (GSTN) has rolled out an exciting update for taxpayers. As of October 3, 2023, the e-Invoice JSON download functionality is live on the GST Portal. This enhancement aims to simplify the process of accessing and managing e-Invoices for GST taxpayers.

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Bajaj Allianz faces ₹1,010 crore GST demand notice. Know details
  • 04 Oct 2023 06:12 PM
  • New

Bajaj Allianz faces ₹1,010 crore GST demand notice. Know details

Source: https://www.livemint.com/companies/news/bajaj-allianz-faces-rs-1-010-cr-gst-demand-notice-know-details-11696342241148.html

Bajaja Allianz received a GST Demand notice for ₹1,010 crore from the Directorate of GST Intelligence for the non-payment of GST on co-insurance and re-insurance premiums.

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Webinar on Practical aspect of Annual Return (GSTR-9) under GST
  • 04 Oct 2023 06:20 PM

Webinar on Practical aspect of Annual Return (GSTR-9) under GST

Source: https://taxguru.in/goods-and-service-tax/webinar-practical-aspect-annual-return-gstr-9-gst.html

Practical aspect of Annual Return (GSTR-9) under GST, highlighting its significance, challenges, and vital provisions

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Government to meet its tax collection target for FY24: SBICaps
  • 03 Oct 2023 06:40 PM

Government to meet its tax collection target for FY24: SBICaps

Source: https://www.livemint.com/economy/government-to-meet-its-tax-collection-target-for-fy24-sbicaps-11696328066887.html

New Delhi: The Indian government's tax mop-up will likely meet budget estimates for fiscal year (FY) 2024, with the expected shortfall in excise duty revenue offset by higher income tax collection, SBI Capital Markets Ltd. (SBICaps) said in a report on Tuesday.

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DGGI sends GST evasion notices of ₹28,000 crore to Dream11, ₹21,000 crore to Play Games 24X7: Reports
  • 03 Oct 2023 06:30 PM

DGGI sends GST evasion notices of ₹28,000 crore to Dream11, ₹21,000 crore to Play Games 24X7: Reports

Source: https://www.livemint.com/companies/dggi-sends-gst-evasion-notices-of-rs-28-000-crore-to-dream11-rs-21-000-crore-to-play-games-24x7-reports-11696323311368.html

The Directorate General of GST Intelligence (DGGI) has sent tax evasion notices of R 21,000 crore to Dream11, and of ₹21,000 crore to Play Games 24X7, reports said on October 3, citing persons who are privy to the development.

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Delta Corp share price slumps 4% as 28% GST on online gaming takes effect
  • 03 Oct 2023 06:37 PM

Delta Corp share price slumps 4% as 28% GST on online gaming takes effect

Source: https://www.livemint.com/market/stock-market-news/delta-corp-share-price-slumps-4-as-28-gst-on-online-gaming-takes-effect-11696328481140.html

Delta Corp GST news: Delta Corp share price slumped over 4% on Tuesday's trading session as a result of the introduction of the 28% Goods and Service Tax (GST) for online gaming effective, October 1. Previously, the GST on platform fees for online gaming platforms was 18%. Delta Corp shares closed at ₹136.90, down 4.06%.

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Request for Amnesty Scheme and Withdrawal of Notices for Section 16(4)
  • 03 Oct 2023 06:43 PM

Request for Amnesty Scheme and Withdrawal of Notices for Section 16(4)

Source: https://taxguru.in/goods-and-service-tax/request-amnesty-scheme-withdrawal-notices-section-164.html

In the realm of taxation, the landscape can often be fraught with complexities and uncertainties. One such issue that has been a cause for concern among taxpayers is related to the Input Tax Credit (ITC) claims under the Goods and Services Tax (GST) regime. While courts have rendered judgments on this matter, questions remain about the fairness and interpretation of the law.

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GST Revenue Collection in September 2023: ₹1.62 Lakh Crore
  • 03 Oct 2023 06:46 PM

GST Revenue Collection in September 2023: ₹1.62 Lakh Crore

Source: https://taxguru.in/goods-and-service-tax/gst-revenue-collection-september-2023-1-62-lakh-crore.html

The Ministry of Finance has released the latest figures for Goods and Services Tax (GST) revenue collection for the month of September 2023. The data reveals a significant milestone in revenue collection, demonstrating the robustness of India’s taxation system.

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New tax rate on online money games kicks in
  • 02 Oct 2023 05:54 PM

New tax rate on online money games kicks in

Source: https://www.livemint.com/news/india/new-gst-regime-imposes-28-tax-on-online-money-games-casinos-and-horse-racing-causing-industry-resistance-11696180370469.html

NEW DELHI : The new Goods and Services Tax (GST) regime of 28% tax on online money games, casinos and horse racing has kicked in from Sunday with Union government issuing orders on norms to be followed covering taxes to be collected by Centre and the Union Territories.

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