‘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
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‘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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August GST revenue up 11% to touch ₹1.59 trillion
  • 02 Sep 2023 05:37 PM
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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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₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth
  • 01 Sep 2023 06:19 PM
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₹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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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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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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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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Online Gaming: Implications of GST amendment and retrospective application
  • 31 Aug 2023 04:53 PM

Online Gaming: Implications of GST amendment and retrospective application

Source: https://www.livemint.com/opinion/first-person/online-gaming-implications-of-gst-amendment-and-retrospective-application-11693468432686.html

There has been a lot of discussion surrounding the recent changes to the CGST Act, which will only come into effect once all State GST laws have also been amended. One area of particular concern is the potential retrospective application of these changes to online gaming in India.

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YouTube Live Decoding Input Tax Credit (ITC) in GST: From Basics to Challenges
  • 31 Aug 2023 05:22 PM

YouTube Live Decoding Input Tax Credit (ITC) in GST: From Basics to Challenges

Source: https://taxguru.in/goods-and-service-tax/youtube-live-decoding-input-tax-credit-itc-gst-basics-challenges.html

Join us for an insightful YouTube Live session as we delve into the intricacies of Input Tax Credit (ITC) under the Goods and Services Tax (GST) framework. Our goal is to provide a comprehensive understanding of ITC, its significance, challenges, and crucial provisions that impact businesses.

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CTD Cracks Down on Fake GST Bill Operators
  • 31 Aug 2023 05:26 PM

CTD Cracks Down on Fake GST Bill Operators

Source: https://taxguru.in/goods-and-service-tax/ctd-cracks-down-fake-gst-bill-operators.html

Introduction: The Commercial Taxes Department (CTD) of Bengaluru’s South Zone recently brought to light a massive fraud scheme involving fake GST bill operations. The operation is one of its kind where fraudulent invoicing in the service sector was unveiled.

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