- 02 Sep 2023 05:54 PM
- New
Mint Explainer: What data tell about Centre's fiscal health, economy
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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- 02 Sep 2023 05:37 PM
- New
August GST revenue up 11% to touch ₹1.59 trillion
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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- 02 Sep 2023 05:42 PM
- New
‘Will be govt of poor rather than govt of Adani’: Rahul Gandhi hits out at BJP in poll-bound Chhattisgarh
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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- 01 Sep 2023 06:13 PM
GST collection grows 11% YoY to about ₹1.6 lakh crore in August: Govt
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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- 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
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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- 01 Sep 2023 06:15 PM
Government launches incentive scheme to improve tax compliance at retail level
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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- 01 Sep 2023 06:19 PM
₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth
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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- 31 Aug 2023 04:58 PM
This government-backed scheme may turn you into a crorepati. Here is how
'Mera Bill Mera Adhikaar' scheme to reward customers with cash prizes for uploading GST bills
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- 31 Aug 2023 04:53 PM
Online Gaming: Implications of GST amendment and retrospective application
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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- 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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