- 03 Apr 2023 04:12 PM
- New
GST revenues clock 13% growth Year-on-Year
Source: https://taxguru.in/goods-and-service-tax/gst-revenues-clock-13-growth-year-on-year.html
The gross GST revenue collected in the month of March 2023 is ₹1,60,122 crore of which CGST is ₹29,546 crore, SGST is ₹37,314 crore, IGST is ₹82,907 crore (including ₹42,503 crore collected on import of goods) and cess is ₹10,355 crore (including ₹960 crore collected on import of goods). It is for the fourth time, in the current financial year that the gross GST collection has crossed ₹1.5 lakh crore mark registering second highest collection since implementation of GST. This month witnessed the highest IGST collection ever.
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- 01 Apr 2023 06:00 PM
- New
GST collection grows 13% to ₹1.60 lakh crore in March, second highest ever
This happened for the fourth time in the current financial year that the gross GST collection has crossed ₹1.5 lakh crore, marking the second-highest collection ever
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- 01 Apr 2023 06:08 PM
- New
March GST collection crosses ₹1.6 trillion
Source: https://www.livemint.com/economy/march-gst-collection-crosses-rs-1-6-trillion-11680346916714.html
Monthly GST revenue of the Centre and states has remained above ₹1.4 lakh crore for 12 months in a row now
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- 29 Mar 2023 07:05 PM
15% increase in GST Collection Year-on-Year (Y-o-Y)
Source: https://taxguru.in/goods-and-service-tax/15-increase-gst-collection-year-on-year-y-o-y.html
There has been an increase of 15% in GST Collection in the month of December (FY 2022-23) as compared to the month of December (FY 2021-22).
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- 27 Mar 2023 06:15 PM
Centre caps maximum GST cess rate on pan masala, tobacco
The capping of maximum GST cess rate has been brought as part of amendments to the Finance Bill 2023, which was passed by the Lok Sabha on Friday.
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- 27 Mar 2023 06:18 PM
Cabinet to consider price caps on gas to stave off rates rising to USD 10.7 per mmBtu
The Union Cabinet is likely to soon consider imposing caps or a ceiling on price for majority of natural gas produced in the country to keep input costs for users ranging from CNG to fertilizer companies in check, sources said.
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- 27 Mar 2023 06:23 PM
GST reimbursement, assured supply likely for coal gasifiers
In 2020, Centre announced an ambitious plan to gasify 100 million tonnes of coal by 2030, but it is yet to gain momentum because companies do not see it as economically viable.
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- 25 Mar 2023 05:57 PM
GST audit checklist: Ensuring compliance and mitigating risks
GST law in India is complex and to an extent ambiguous, and we have seen that businesses have suffered due to lapses made in assessment and other compliances.
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- 24 Mar 2023 05:35 PM
TDS on online gaming applications now effective from 1 April
This comes as the online gaming industry stakeholders had approached the Central Board of Direct Taxes (CBDT) and the Prime Minister’s Office (PMO) to oppose changes in TDS and Goods and Service Tax (GST) on the sector
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- 24 Mar 2023 05:40 PM
The truth about who really pays 90% of GST collected
In response to an Oxfam report that says the poorer half of India’s population pays two-thirds of the Goods and Services Tax (GST) collected by the government while the richest 10% account for just 3-4% of GST collections, the government has highlighted another statistic: 90% of the GST collected comes from just 22% of GST payers, comprising large businesses with a turnover above ₹50 crore.
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