02 Jun 2023 04:37 PM
New

GST collections rise 12% to ₹1.57 lakh crore in May

Source: https://www.livemint.com/economy/gst-collections-rise-12-pc-to-rs-1-57-lakh-crore-in-may-11685619304423.html

The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which Central GST is ₹28,411 crore, State GST is ₹35,828 crore, Integrated GST is ₹81,363 crore

02 Jun 2023 04:41 PM
New

Despite windfall tax on oil, excise duty receipts contract in FY23

Source: https://www.livemint.com/industry/energy/despite-windfall-tax-on-oil-excise-duty-receipts-contract-in-fy23-11685622582935.html

Revenue collection from consumption, or GST, has shown a 20% jump year-on-year in FY23 while customs duty has improved by close to 7%

02 Jun 2023 04:44 PM
New

Centre, states collect ₹1.57 trillion in GST in May

Source: https://www.livemint.com/news/india/centre-states-collect-rs-1-57-trillion-in-gst-in-may-11685629293347.html

This is lower than the historic GST collection of ₹1.87 trillion reported in April but is in line with the trend of robust GST revenue receipts

02 Jun 2023 04:46 PM

May GST haul swells 12% to ₹1.57 trillion

Source: https://www.livemint.com/news/india/may-gst-collection-in-india-reaches-1-57-trillion-up-12-yoy-experts-expect-double-digit-growth-to-continue-11685641152745.html

New Delhi: Central and state governments collected ₹1.57 trillion in Goods and Services Tax (GST) in May, 12% more than what they netted from the indirect tax a year ago, the finance ministry said on Thursday.

02 Jun 2023 04:49 PM

Stock market likely to get a macro boost; which sectors should you bet on?

Source: https://www.livemint.com/market/stock-market-news/stock-market-likely-to-get-a-macro-boost-today-which-sectors-should-you-bet-on-11685674434976.html

This could be one of the most opportune times to bet on the Indian market. The sentiment is bullish due to strong foreign fund flows, impressive quarterly results by India Inc., strong macroeconomic numbers and market-friendly economic policies.

02 Jun 2023 04:52 PM

India’s GST Revenue for May 2023 Surpasses ₹1.57 Lakh Crore

Source: https://taxguru.in/goods-and-service-tax/indias-gst-revenue-may-2023-surpasses-1-57-lakh-crore.html

The gross GST revenue collected for May 2023 in India amounted to ₹1,57,090 crore, representing a 12% year-on-year growth compared to May 2022. This marks the 14th consecutive month with GST revenues exceeding ₹1.4 lakh crore and the 5th time crossing ₹1.5 lakh crore since the implementation of GST.

01 Jun 2023 05:05 PM

India's economy to grow 6.5-6.7% in FY24: Industry body

Source: https://www.livemint.com/economy/indias-economy-to-grow-at-6-5-6-7-in-fy24-industry-body-11685613352766.html

The Indian economy remains resilient in the face of a challenging global environment, CII said

01 Jun 2023 05:14 PM

e-Waybill System – 2 Factor Authentication, Deregistration & Common Enrollment

Source: https://taxguru.in/goods-and-service-tax/e-waybill-system-2-factor-authenticationderegistration-common-enrollment.html

Latest Updates on 2 Factor Authentication, Deregistration of Enrolment, and Common Enrollment in e-Waybill System

31 May 2023 05:31 PM

Bringing electricity under GST is likely to take 5-10 years: Sushil Kumar Modi

Source: https://www.livemint.com/economy/bringing-electricity-under-gst-is-likely-to-take-5-10-yrs-11685469274235.html

NEW DELHI : The proposal to include electricity under goods and services tax (GST) is likely to take another five-10 years as states are not yet convinced, and it is still being considered by the GST Council, Sushil Kumar Modi, a member of the Rajya Sabha and former deputy chief minister of Bihar, said in an interview on sidelines of Mint India Public Policy Summit on 26 May. Besides, bringing petroleum products under GST will not be viable, Modi added.

31 May 2023 05:35 PM

Govt mulls import duty cut on solar panels to 20%: report

Source: https://www.livemint.com/industry/energy/govt-mulls-import-duty-cut-on-solar-panels-to-20-report-11685463631453.html

The government is also seeking a rollback in GST on the devices to make up a shortfall in domestic output amid rising demand for renewable energy, the report said