05 Nov 2022 05:51 PM
New

Haryana cancels GST registration of all non-filers of GSTR-3B till March 2021

Source: https://taxguru.in/goods-and-service-tax/haryana-cancels-gst-registration-non-filers-gstr-3b.html

The Excise and Taxation Department, Government of Haryana had identified a list of 373 active registered taxpayers of State jurisdiction who had not filed FORM GSTR-3B up till March 2021. These taxpayers were liable to be cancelled under the provisions of Section 29 of the HGST Act, 2017.

04 Nov 2022 05:55 PM
New

The big stories of the week gone by - in charts

Source: https://www.livemint.com/economy/data-recap-capex-plans-gst-mop-up-trade-mismatch-11667491906167.html

Every week, Plain Facts publishes a compilation of data-based insights—complete with easy-to-read visual charts—to help you delve deeper into the stories reported by Mint. The government is planning to raise its capital expenditure to ₹10 trillion in the next financial year to support growth, while its plans to launch sovereign green bonds in the second half of the current year could boost efforts to tackle climate change.

03 Nov 2022 06:27 PM
New

October e-way bills slip from quarter end peak

Source: https://www.livemint.com/news/india/october-e-way-bills-slip-from-quarter-end-peak-11667405843407.html

NEW DELHI : E-way bills generated for transportation of goods within and across states in October slipped from the high level seen at the end of the September quarter but maintained their momentum backed by the festive season demand, showed official data.

03 Nov 2022 06:31 PM

October e-way bills decline from peak in September

Source: https://www.livemint.com/politics/news/october-e-way-bills-decline-from-peak-in-september-11667416655219.html

NEW DELHI : Data from GSTN, the company that processes GST returns, showed that over 76.8 million e-way bills were raised in October, compared with more than 84 million electronic permits raised in September.

02 Nov 2022 05:56 PM

Sensex fails to hold 61,000 mark as caution around Fed rate hike prevails

Source: https://www.livemint.com/market/stock-market-news/sensex-fails-to-hold-61-000-mark-as-caution-around-fed-rate-hike-prevails-11667391489866.html

Benchmark share index Sensex failed to hold the 61,000 mark on Wednesday, and ended the four-day winning streak as caution prevailed ahead of the US Federal Reserve’s meeting on interest rates. The 30-share index lost 0.35% to close at 60,906.09. The 50-share Nifty also gave up 0.34% to end at 18,082.85..

02 Nov 2022 06:01 PM

₹1,51,718 crore gross GST revenue collected for October 2022

Source: https://taxguru.in/goods-and-service-tax/%e2%82%b9-151718-crore-gross-gst-revenue-collected-october-2022.html

The gross GST revenue collected in the month of October 2022 is ₹ 1,51,718 crore of which CGST is ₹ 26,039 crore, SGST is ₹ 33,396 crore, IGST is ₹ 81,778 crore (including ₹ 37,297 crore collected on import of goods) and Cess is ₹ 10,505 crore (including ₹ 825 crore collected on import of goods), which is second highest till date.

01 Nov 2022 05:42 PM

GST collections in October cross ₹1.5 lakh crore, second highest ever

Source: https://www.livemint.com/economy/gst-collections-in-october-cross-rs-1-5-lakh-crore-second-highest-ever-11667285283877.html

The gross GST revenue collected in the month of October 2022 was at ₹1,51,718 crore, the second highest monthly collection ever, the ministry of finance said today. The revenue for October 2022 is second highest monthly collection, next only to the collection in April 2022 and it is for the second time the gross GST collection has crossed Rs. 1.50 lakh crore mark.

01 Nov 2022 05:49 PM

October GST receipts at second highest level since rollout

Source: https://www.livemint.com/news/india/october-gst-receipts-at-second-highest-level-since-rollout-11667287956842.html

New Delhi: Central and state governments have collected close to ₹1.52 trillion in Goods and Services Tax revenue (GST) in October, the second highest monthly collections after record mop-up was seen in April this year, said an official statement. GST collections had hit nearly ₹1.68 trillion in April following a spike in year end sales in March.

31 Oct 2022 05:20 PM

Merger of anti-profiteering body with CCI faces hurdles

Source: https://www.livemint.com/news/india/merger-of-anti-profiteering-body-with-cci-faces-hurdles-11666892203127.html

NEW DELHI : The government’s idea of merging the National Anti-profiteering Authority (NAA), which penalizes businesses for goods and services tax (GST)-related profiteering, with the anti-trust regulator Competition Commission of India (CCI) has run up against a host of administrative challenges, including the short span of about a month left before the expiry of the NAA’s term.

31 Oct 2022 05:24 PM

Re-focus efforts on revenue mobilization: CBIC to officials

Source: https://www.livemint.com/news/india/refocus-efforts-on-revenue-mobilization-cbic-to-officials-11667123202518.html

NEW DELHI: Central Board of Indirect Taxes and Customs (CBIC) expects officials to pay special attention to key areas of work—improving tax compliance and revenue augmentation—in the second half of the financial year, according to an official update.