- 01 Sep 2023 06:13 PM
- New
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
- New
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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- 31 Aug 2023 04:58 PM
- New
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 05:22 PM
YouTube Live Decoding Input Tax Credit (ITC) in GST: From Basics to Challenges
Join us for an insightful YouTube Live session as we delve into the intricacies of Input Tax Credit (ITC) under the Goods and Services Tax (GST) framework. Our goal is to provide a comprehensive understanding of ITC, its significance, challenges, and crucial provisions that impact businesses.
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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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- 31 Aug 2023 05:36 PM
Advisory on Reporting of ITC Reversal opening Balance
Source: https://taxguru.in/goods-and-service-tax/advisory-reporting-itc-reversal-opening-balance.html
Please read the following advisory carefully before proceeding ahead for reporting the ITC Reversal opening balance:
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- 30 Aug 2023 05:22 PM
Advisory for Applicants: Biometric-based Aadhaar Authentication for GST Registration
Introduction: The Goods and Services Tax Network (GSTN) has issued a significant advisory to GST (Goods and Services Tax) applicants regarding the Aadhaar authentication process for registration. The advisory outlines the new biometric-based Aadhaar authentication process and its pilot implementation details.
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- 30 Aug 2023 05:14 PM
G20 Summit: ‘We should address the question of debt distress,’ says Nirmala Sitharaman
As India is holding its presidency for the G20 Summit, Union Finance Minister Nirmala Sitharaman said that India given the consideration of things and developments across the world, addressing the question of debt distress is a must.
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- 30 Aug 2023 05:58 PM
Solutions for ITC Mismatch in the GST Regime
Source: https://taxguru.in/goods-and-service-tax/solutions-itc-mismatch-gst-regime.html
Introduction
The Goods and Services Tax (GST) regime, now in its seventh year, has undergone various evolutions. Despite its extended tenure, practical challenges like the ITC mismatch persist, affecting both professionals and the business community. Let’s delve deeper into this pressing issue.