Incentives in the form of gold, other assets may attract GST
  • 04 Sep 2023 06:22 PM
  • New

Incentives in the form of gold, other assets may attract GST

Source: https://www.livemint.com/news/india/incentives-in-the-form-of-gold-other-assets-may-attract-gst-11693762374426.html

New Delhi: Companies offering incentives to their dealers in the form of assets, such as gold coins, may face tax uncertainties under goods and services tax (GST) following a recent ruling by the Karnataka Authority for Advance Ruling (AAR).

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Power ministry may recommend GST cut on hydro project components
  • 04 Sep 2023 06:18 PM
  • New

Power ministry may recommend GST cut on hydro project components

Source: https://www.livemint.com/news/india/union-ministry-of-power-may-seek-cut-in-gst-on-components-for-hydropower-projects-11693761347288.html

NEW DELHI : The union ministry of power is likely to ask for a cut in the goods and services tax on components used in hydropower projects.

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August GST revenue up 11% to touch ₹1.59 trillion
  • 02 Sep 2023 05:37 PM
  • New

August GST revenue up 11% to touch ₹1.59 trillion

Source: https://www.livemint.com/news/india/august-gst-revenue-up-11-to-touch-1-59-trillion-11693590670333.html

NEW DELHI : Central and state governments collected goods and services tax (GST) revenue of ₹1.59 trillion in August, 11% more than what was collected last August but lower than the receipts collected in July, data from the finance ministry showed on Friday.

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‘Will be govt of poor rather than govt of Adani’: Rahul Gandhi hits out at BJP in poll-bound Chhattisgarh
  • 02 Sep 2023 05:42 PM

‘Will be govt of poor rather than govt of Adani’: Rahul Gandhi hits out at BJP in poll-bound Chhattisgarh

Source: https://www.livemint.com/politics/news/rahul-gandhi-hits-out-at-bjp-in-poll-bound-chhattisgarh-says-will-be-government-of-poor-rather-than-government-of-adani-11693644689059.html

Rahul Gandhi criticizes PM Modi over Adani charges, said BJP broke India's economy with GST and demonetization. Rahul Gandhi attended the 'Rajeev Yuva Mitan Conference' in Nava Raipur along with Chief Minister Bhupesh Baghel.

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Mint Explainer: What data tell about Centre's fiscal health, economy
  • 02 Sep 2023 05:54 PM

Mint Explainer: What data tell about Centre's fiscal health, economy

Source: https://www.livemint.com/economy/mint-explainer-what-data-tell-about-centres-fiscal-health-economy-11693652432309.html

New Delhi: The central government’s accounts for the first four months of the financial year reveal key economic trends in areas such as the corporate sector's assumptions about profitability, individuals' incomes, consumption of goods and services, a spike in global fertilizer prices and imports. The numbers also point to how the government is managing its fiscal health and the economy at a time when macroeconomic stability has become a priority for policymakers due to a mix of external and internal factors. Data from the Controller General of Accounts for July point to front-loading of expenditure so that the effect of the planned spending kicks in early in the year. Mint takes a close look

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ITD Cementation share price jumps over 14% to record high on securing ₹3,290-crore marine contract; stock up 106% YTD
  • 01 Sep 2023 06:08 PM

ITD Cementation share price jumps over 14% to record high on securing ₹3,290-crore marine contract; stock up 106% YTD

Source: https://www.livemint.com/market/stock-market-news/itd-cementation-share-price-jumps-over-14-to-record-high-on-securing-rs-3-290-crore-marine-contract-stock-up-106-ytd-11693544192545.html

ITD Cementation India share price rallied more than 14% to hit a fresh 52-week high on Friday after the company bagged an order worth ₹3,290 crore. ITD Cementation shares jumped as much as 14.66% to a high of ₹249.40 apiece on the BSE.

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GST collection grows 11% YoY to about ₹1.6 lakh crore in August: Govt
  • 01 Sep 2023 06:13 PM

GST collection grows 11% YoY to about ₹1.6 lakh crore in August: Govt

Source: https://www.livemint.com/economy/gst-revenues-grow-11-to-about-rs-1-6-lakh-crore-in-august-govt-11693556117569.html

The Goods and Services Tax (GST) revenues for August 2023 have shown a growth of 11 percent year on year due to increased compliance and less evasion, Revenue secretary Sanjay Malhotra said on Friday as reported by PTI.

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Government launches incentive scheme to improve tax compliance at retail level
  • 01 Sep 2023 06:15 PM

Government launches incentive scheme to improve tax compliance at retail level

Source: https://www.livemint.com/news/india/government-launches-incentive-scheme-to-improve-tax-compliance-at-retail-level-11693560075332.html

New Delhi: The government on Friday launched a new scheme called ‘mera bill mera adhikaar’ to encourage consumers to insist on invoices at the time of purchase.

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₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth
  • 01 Sep 2023 06:19 PM

₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth

Source: https://www.livemint.com/economy/159069-crore-gross-gst-revenue-collected-during-august-2023-records-11-year-on-year-growth-11693568326719.html

Gross GST revenue collected in August 2023 is ₹1,59,069 crore, 11% higher than last year. CGST is ₹28,328 crore, SGST is ₹35,794 crore, IGST is ₹83,251 crore, and Cess is ₹11,695 crore.

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