Source: https://taxguru.in/goods-and-service-tax/webinar-practical-aspect-annual-return-gstr-9-gst.html
Practical aspect of Annual Return (GSTR-9) under GST, highlighting its significance, challenges, and vital provisions
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The Goods and Services Tax Network (GSTN) has rolled out an exciting update for taxpayers. As of October 3, 2023, the e-Invoice JSON download functionality is live on the GST Portal. This enhancement aims to simplify the process of accessing and managing e-Invoices for GST taxpayers.
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Bajaja Allianz received a GST Demand notice for ₹1,010 crore from the Directorate of GST Intelligence for the non-payment of GST on co-insurance and re-insurance premiums.
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Source: https://taxguru.in/goods-and-service-tax/gst-revenue-collection-september-2023-1-62-lakh-crore.html
The Ministry of Finance has released the latest figures for Goods and Services Tax (GST) revenue collection for the month of September 2023. The data reveals a significant milestone in revenue collection, demonstrating the robustness of India’s taxation system.
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The Directorate General of GST Intelligence (DGGI) has sent tax evasion notices of R 21,000 crore to Dream11, and of ₹21,000 crore to Play Games 24X7, reports said on October 3, citing persons who are privy to the development.
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Delta Corp GST news: Delta Corp share price slumped over 4% on Tuesday's trading session as a result of the introduction of the 28% Goods and Service Tax (GST) for online gaming effective, October 1. Previously, the GST on platform fees for online gaming platforms was 18%. Delta Corp shares closed at ₹136.90, down 4.06%.
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Source: https://taxguru.in/goods-and-service-tax/request-amnesty-scheme-withdrawal-notices-section-164.html
In the realm of taxation, the landscape can often be fraught with complexities and uncertainties. One such issue that has been a cause for concern among taxpayers is related to the Input Tax Credit (ITC) claims under the Goods and Services Tax (GST) regime. While courts have rendered judgments on this matter, questions remain about the fairness and interpretation of the law.
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New Delhi: The Indian government's tax mop-up will likely meet budget estimates for fiscal year (FY) 2024, with the expected shortfall in excise duty revenue offset by higher income tax collection, SBI Capital Markets Ltd. (SBICaps) said in a report on Tuesday.
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Central and state governments collected ₹1.62 trillion in goods and services tax (GST) in September, marking the fourth highest monthly collection since the inception of the indirect tax regime and a 10% annual growth from the year-ago period.
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Finance Ministry notifies October 1 as the date for implementation of amended GST law to tax e-gaming, casinos, and horse racing.
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