02 Aug 2022 05:31 PM
New

GoM weighs scrapping 12% GST slab

Source: https://economictimes.indiatimes.com/small-biz/gst/gom-weighs-scrapping-12-gst-slab/articleshow/93294581.cms

People aware of the development told ET that most of the members of the group were of the view that the 12% slab accounts for about 8% of total GST revenues and can be done away with.

01 Aug 2022 12:15 PM
New

GST revenue collection for July second highest ever at ₹1.49 lakh crore

Source: https://www.livemint.com/news/india/gst-revenue-collection-for-july-second-highest-ever-at-rs-1-49-lakh-crore-11659334272638.html

GST collections for July remained above ₹1.4 lakh crore for the fifth straight month. Gross GST revenue collected in the month of July 2022 at ₹1,48,995 crore, which was the second highest collection ever since the introduction of the Goods and Services Tax. The July revenue figure is 28% higher than the revenues in the same month last year of ₹1,16,393 crore, as per the data by the government released on Monday.

01 Aug 2022 12:28 PM
New

To tax at 18% or 28%? The GST Conundrum for skill gaming sector

Source: https://economictimes.indiatimes.com/small-biz/gst/to-tax-at-18-or-28-the-gst-conundrum-for-skill-gaming-sector/articleshow/93265384.cms

The market value of the Indian skill gaming sector is around Rs 79 billion in the financial year (FY) 2021-22 and may reach Rs 150 billion in FY 2023-24.

01 Aug 2022 12:40 PM

e-Way bill for intra-state movement of gold & precious stones- States can decide

Source: https://taxguru.in/goods-and-service-tax/e-way-bill-intra-state-movement-gold-precious-stones-states-decide.html

Government of India Ministry of Finance Department of Revenue LOK SABHA UN-STARRED QUESTION NO. 77 TO BE ANSWERED ON MONDAY, JULY 18, 2022 Ashadha 27, 1944 (Saka) GOLD SMUGGLING AND TAX EVASION CASES

01 Aug 2022 12:46 PM

No plan to reduce GST on educational material like pencil, eraser, pen etc.

Source: https://taxguru.in/goods-and-service-tax/plan-reduce-gst-educational-material-pencil-eraser-pen.html

No plan to reduce GST on educational material like pencil, eraser, pen, notebooks etc;

01 Aug 2022 12:56 PM

No recommendation to reduce GST on health care insurance policies

Source: https://taxguru.in/goods-and-service-tax/recommendation-reduce-gst-health-care-insurance-policies.html

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO.1190 TO BE ANSWERED ON MONDAY, JULY 25TH 2022

01 Aug 2022 01:00 PM

GST on pre-packaged & labelled food items applies to curd, buttermilk etc.

Source: https://taxguru.in/goods-and-service-tax/gst-pre-packaged-labelled-food-items-applies-curd-buttermilk.html

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO.1209 TO BE ANSWERED ON MONDAY, JULY 25TH 2022

01 Aug 2022 01:06 PM

GST on Milk and Milk Products

Source: https://taxguru.in/goods-and-service-tax/gst-milk-milk-products.html

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA STARRED QUESTION NO. *111 TO BE ANSWERED ON MONDAY JULY 25TH 2022

01 Aug 2022 01:10 PM

Impact of GST on Agricultural/ Cloth/ Footwear Items

Source: https://taxguru.in/goods-and-service-tax/impact-gst-agricultural-cloth-footwear-items.html

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 1349 TO BE ANSWERED ON MONDAY, JULY 25TH 2022

01 Aug 2022 01:17 PM

GST July collections at ₹1.49 trillion, second highest ever

Source: https://www.livemint.com/economy/gst-july-collections-at-rs-1-49-trillion-second-highest-ever-11659338286695.html

NEW DELHI : Central and state governments collected ₹1.49 trillion in Goods and Services Tax (GST) in July, the second-highest mop-up since the rollout of the indirect tax regime five years ago in July 2017.