09 Sep 2023 06:05 PM
New

GSTN warns against unauthorized scraping of GST Common Portal

Source: https://taxguru.in/goods-and-service-tax/gstn-warns-unauthorized-scraping-gst-common-portal.html

The Goods and Services Tax Network (GSTN) recently issued an advisory to GST Suvidha Providers (GSPs), warning them against malpractices like scraping the GST Common Portal. GST Suvidha Providers are third-party service providers authorized by GSTN to help taxpayers comply with the complex requirements of the GST system in India. They act as an essential bridge between end-users and the GST Common Portal.

06 Sep 2023 05:45 PM
New

E-way bills hit record 93.4 mn in Aug, signalling festive boost

Source: https://www.livemint.com/news/india/eway-bill-generation-surges-to-all-time-high-boosting-gst-revenue-collections-and-economic-activity-in-india-11693931213515.html

NEW DELHI : Electronic permits for goods shipped within and across states shot up to an all-time high of 93.4 million in August, pointing to brisk economic activity which could boost Goods and Service Tax (GST) revenue collections in September.

04 Sep 2023 06:25 PM
New

GDP estimates suggest Nirmala Sitharaman has a difficult year ahead

Source: https://www.livemint.com/opinion/online-views/gdp-estimates-suggest-nirmala-sitharaman-has-a-difficult-year-ahead-11693811844190.html

Gross domestic product (GDP) estimates for the first quarter (April to June) that the National Statistical Office (NSO) released last week have puzzled many commentators. The estimate for year-on-year (yoy) growth in Q1 was 7.8%, lower than Reserve Bank of India’s (RBI) projection of 8%. Several economists were also expecting higher growth. Meanwhile, a few economists pointed out that statistical peculiarities may have inflated NSO’s growth estimates.

04 Sep 2023 06:22 PM

Incentives in the form of gold, other assets may attract GST

Source: https://www.livemint.com/news/india/incentives-in-the-form-of-gold-other-assets-may-attract-gst-11693762374426.html

New Delhi: Companies offering incentives to their dealers in the form of assets, such as gold coins, may face tax uncertainties under goods and services tax (GST) following a recent ruling by the Karnataka Authority for Advance Ruling (AAR).

04 Sep 2023 06:18 PM

Power ministry may recommend GST cut on hydro project components

Source: https://www.livemint.com/news/india/union-ministry-of-power-may-seek-cut-in-gst-on-components-for-hydropower-projects-11693761347288.html

NEW DELHI : The union ministry of power is likely to ask for a cut in the goods and services tax on components used in hydropower projects.

02 Sep 2023 05:42 PM

‘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.

02 Sep 2023 05:37 PM

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.

02 Sep 2023 05:54 PM

Mint Explainer: What data tell about Centre's fiscal health, economy

Source: https://www.livemint.com/economy/mint-explainer-what-data-tell-about-centres-fiscal-health-economy-11693652432309.html

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

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.

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.