New Delhi: India's online gaming market is expected to grow to ₹33,243 crore by FY28, but the real money gaming (RMG) segment will be under pressure in the wake of the 28% GST levy on the industry, according to a new report.
Read MoreThe Ministry of Finance has announced remarkable growth in Goods and Services Tax (GST) revenue for November 2023, reaching a record ₹1.67 trillion. This achievement marks the sixth instance in FY 2023-24 where gross GST collection surpassed the ₹1.60 trillion mark.
Read MoreLegislative changes are needed in the goods and services tax (GST) law to give a higher share of revenue to producer states such as Chhattisgarh, a senior legislator from that state said on Friday.
Read MoreGoods and Services Tax (GST) collections touched ₹1.68 trillion in November as festive demand lifted sales, but the figure was lower than October’s receipts of ₹1.72 trillion.
Read MoreSource: https://taxguru.in/goods-and-service-tax/gstn-advisory-two-factor-authentication-taxpayers.html
Introduction: In a bid to bolster the security measures of the Goods and Services Tax Network (GSTN) portal, taxpayers are set to experience a significant upgrade. The introduction of Two-Factor Authentication (2FA) marks a pivotal step towards ensuring a more secure and robust login process. This advisory details the phased implementation, the role of One-Time Passwords (OTPs), and essential updates for taxpayers.
Read MoreAdvisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023
Read MoreHotel operators, especially those in the mid-market and upscale segments, are confronting a challenge that threatens to steer diners away to standalone restaurants: an uneven goods and services tax (GST) structure.
Read MoreDoctors, economists, and public health organizations have urged the government to raise the excise duty on all tobacco products in the Union Budget 2024–25 in order to raise additional funds. It is believed that raising the excise tax is one of the most cost-effective public policy tools available to regulate tobacco consumption.
Read MoreMUMBAI : Nodal gold trade body India Bullion and Jewellers Association (IBJA) has locked horns with MCXCCL, the clearing corporation of India’s largest commodity derivatives exchange MCX, over a crucial revision in the platform’s settlement procedure for gold and silver contracts traded on the bourse.
Read MoreMost notices seem to be based on assumptions and surmises. Taxpayers must be proactive in collating supporting documents and advancing appropriate justifications to defend the notices.
Read More