- 06 Dec 2022 06:06 PM
- New
Cut excise duty on CNG till gas is included in GST: Kirit Parikh panel
The Central government should moderate the excise duty levied by it on CNG till natural gas is included in GST regime, recommended the Kirit Parikh committee.
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- 06 Dec 2022 06:11 PM
- New
PAN likely to become single ID for investment approvals: What this means
Your Permanent Account Number (PAN) is likely to become the only identification needed for seeking different clearances and approvals from the central and state departments for your business. The Centre has announced that it is planning to allow businesses to use the PAN instead of other data as a unique identifier for entering into national single window system (NSWS) for such approvals.
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- 06 Dec 2022 06:19 PM
- New
GST amnesty scheme: Why taxpayers need an opportunity to correct inadvertent errors
In the initial years, people struggled in understanding the impact of the new regime on their businesses, getting their internal systems revamped and training personnel to undertake the requisite compliances.
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- 05 Dec 2022 05:59 PM
Govt panel may not reach consensus on taxing online gaming: Report
A panel of Indian state finance ministers has yet to submit its report on taxation of the booming online gaming sector that is crucial to a final decision on how the levies should be imposed, a senior government official said on Monday.
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- 05 Dec 2022 06:07 PM
Decriminalisation of GST Act: Why it can be a big reprieve for small businesses in India
To promote ease of doing business for small businesses and clearly distinguish between minor offenses and willful evasion of duty, government is initiating one of the major overhauls of the GST provisions after 5 years.
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- 03 Dec 2022 02:16 PM
Budget 2023-24: PHD Chamber seeks single GST rate for hotels at 12%
As the government is set to present the union budget for FY24 on 1 February, 2023, PHD Chamber of Commerce and Industry has suggested the government to make maximum GST on hotel rooms at 12 percent.
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- 02 Dec 2022 06:02 PM
We want to be a one stop shop for anything related to real estate: Saurabh Garg
Amid the property rentals rising in major cities post COVID-19 pandemic and people fed up with issues related with rentals, brokerage, moving logistics, documentation and others, property listing platform NoBroker's Co-Founder and CBO Saurabh Garg opens up for an exclusive interview with LiveMint.
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- 02 Dec 2022 06:08 PM
GST collection for November stands at Rs 1,45,867 crore, surges 11% YoY
"The government has settled ₹33,997 crore to CGST and ₹28,538 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of November 2022 is ₹59678 crore for CGST and ₹61189 crore for the SGST. In addition, Centre had also released ₹17,000 crore as GST compensation to States/UTs in November 2022," stated the release.
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- 02 Dec 2022 06:13 PM
Monthly GST revenues more than ₹1.4 lakh crore for nine straight months in a row
₹1,45,867 crore gross GST revenue collected for November 2022, records increase of 11% Year-on-Year Monthly GST revenues more than ₹1.4 lakh crore for nine straight months in a row Revenues from import of goods 20% higher and revenues from domestic transaction (including import of services) 8% higher than the same month last year
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- 01 Dec 2022 06:19 PM
Has GST reduced inter-state disparities?
Source: https://www.livemint.com/economy/has-gst-reduced-inter-state-disparities-11669827832426.html
This financial year, the goods and services tax (GST), may be finally coming into its own. Two months in 2022-23—April and October—have seen the highest revenue mobilization under this ‘one country, one tax’ system since its introduction in July 2017.
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