What to make of record GST collections in April
  • 03 May 2023 05:51 PM
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What to make of record GST collections in April

Source: https://www.livemint.com/economy/does-april-gst-set-the-trend-for-the-full-year-11683046509947.html

The April data is for transactions that took place in March, and thus benefits from high year-end economic activity and compliance-related measures. A better metric is year-on-year growth, which doesn't paint a rosy picture.

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BL Kashyap bags ₹238 crore order from Embassy Constructions for Bangalore project
  • 03 May 2023 05:58 PM
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“Online gaming expected to attract investment once tax policy is finalised”, says FM Sitharaman
  • 03 May 2023 06:02 PM
  • New

“Online gaming expected to attract investment once tax policy is finalised”, says FM Sitharaman

Source: https://www.livemint.com/technology/tech-news/online-gaming-expected-to-attract-investment-once-tax-policy-is-finalised-says-fm-sitharaman-11683110760806.html

According to the minister, the GST Council is engaged in discussions at the ministerial level regarding different aspects of online gaming, such as taxation and regulation.

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Centre, states collect record Rs1.87 trillion GST receipts in April
  • 02 May 2023 06:07 PM

Centre, states collect record Rs1.87 trillion GST receipts in April

Source: https://www.livemint.com/news/india/centre-states-collect-record-rs1-87-trillion-gst-receipts-in-april-11682947876224.html

On 20 April, revenue collections on a single day shot up to the highest ever of ₹ ₹68,228 crore through 980,000 transactions, the finance ministry said

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April kicks off with record ₹1.87 tn GST
  • 02 May 2023 06:15 PM

April kicks off with record ₹1.87 tn GST

Source: https://www.livemint.com/news/india/record-gst-collections-boost-indian-economy-april-receipts-reach-1-87-trillion-a-12-increase-yearoveryear-11682964006682.html

On 20 April this year, revenue collections on a single day shot up to a record ₹68,228 crore over 980,000 transactions, the finance ministry said in a statement.

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Quick edit: GST needs reform
  • 02 May 2023 06:18 PM

Quick edit: GST needs reform

Source: https://www.livemint.com/news/india/quick-edit-gst-needs-reform-11682965029695.html

Even as the West grapples with yet another bank failure, with First Republic Bank being acquired by JPMorgan Chase & Co in an emergency government-led intervention, India’s economy seems to be steaming ahead

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GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore
  • 02 May 2023 06:25 PM

GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore

Source: https://taxguru.in/goods-and-service-tax/gst-revenue-collection-april-2023-highest-rs-1-87-lakh-crore.html

Gross GST collection in April 2023 is all time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 crore, in April 2022

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New GST rules in effect from today for businesses with turnover of over ₹100 crore. Details here
  • 01 May 2023 06:36 PM

New GST rules in effect from today for businesses with turnover of over ₹100 crore. Details here

Source: https://www.livemint.com/news/india/new-gst-rules-in-effect-from-today-for-businesses-with-turnover-of-over-rs-100-crore-details-here-11682901697999.html

Businesses whose turnover is ₹100 crore and above will now have to upload their electronic invoices on Invoice Registration Portal (IRP) within 7 days of the issue of such invoice with effect from May 1, GST Network has said.

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GST revenue collection for April 2023 highest ever at ₹1.87 lakh crore
  • 01 May 2023 06:39 PM

GST revenue collection for April 2023 highest ever at ₹1.87 lakh crore

Source: https://www.livemint.com/news/india/gst-revenue-collection-for-april-2023-highest-ever-at-rs-1-87-lakh-crore-11682943990643.html

The gross GST revenue collected in the month of April, 2023 is ₹ 1,87,035 crore of which CGST is ₹38,440 crore, SGST is ₹47,412 crore, IGST is ₹89,158 crore (including ₹34,972 crore collected on import of goods) and cess is ₹12,025 crore (including ₹901 crore collected on import of goods).

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