- 01 Apr 2023 06:08 PM
- New
March GST collection crosses ₹1.6 trillion
Source: https://www.livemint.com/economy/march-gst-collection-crosses-rs-1-6-trillion-11680346916714.html
Monthly GST revenue of the Centre and states has remained above ₹1.4 lakh crore for 12 months in a row now
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- 01 Apr 2023 06:00 PM
- New
GST collection grows 13% to ₹1.60 lakh crore in March, second highest ever
This happened for the fourth time in the current financial year that the gross GST collection has crossed ₹1.5 lakh crore, marking the second-highest collection ever
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- 29 Mar 2023 07:05 PM
- New
15% increase in GST Collection Year-on-Year (Y-o-Y)
Source: https://taxguru.in/goods-and-service-tax/15-increase-gst-collection-year-on-year-y-o-y.html
There has been an increase of 15% in GST Collection in the month of December (FY 2022-23) as compared to the month of December (FY 2021-22).
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- 27 Mar 2023 06:23 PM
GST reimbursement, assured supply likely for coal gasifiers
In 2020, Centre announced an ambitious plan to gasify 100 million tonnes of coal by 2030, but it is yet to gain momentum because companies do not see it as economically viable.
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- 27 Mar 2023 06:18 PM
Cabinet to consider price caps on gas to stave off rates rising to USD 10.7 per mmBtu
The Union Cabinet is likely to soon consider imposing caps or a ceiling on price for majority of natural gas produced in the country to keep input costs for users ranging from CNG to fertilizer companies in check, sources said.
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- 27 Mar 2023 06:15 PM
Centre caps maximum GST cess rate on pan masala, tobacco
The capping of maximum GST cess rate has been brought as part of amendments to the Finance Bill 2023, which was passed by the Lok Sabha on Friday.
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- 25 Mar 2023 05:57 PM
GST audit checklist: Ensuring compliance and mitigating risks
GST law in India is complex and to an extent ambiguous, and we have seen that businesses have suffered due to lapses made in assessment and other compliances.
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- 24 Mar 2023 05:40 PM
The truth about who really pays 90% of GST collected
In response to an Oxfam report that says the poorer half of India’s population pays two-thirds of the Goods and Services Tax (GST) collected by the government while the richest 10% account for just 3-4% of GST collections, the government has highlighted another statistic: 90% of the GST collected comes from just 22% of GST payers, comprising large businesses with a turnover above ₹50 crore.
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- 24 Mar 2023 05:47 PM
Retro amendment clears key GST doubt, but opens door for further litigation
The Finance Bill proposes to do away with GST on merchant trade, in-bond sale and high sea sales. But by not refunding the tax collected under these categories, the government is opening another can of worms.
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- 24 Mar 2023 06:13 PM
Advisory for GST Registration for banquet halls, farm house, marriage gardens & hotels
It has come to the notice of the Department that several banquet halls, farm houses, marriage gardens, and hotels registered under Delhi GST are not reporting or under reporting their business transactions/turnover and hence not paying due GST thereon.
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