Source: https://taxguru.in/goods-and-service-tax/webinar-practical-aspect-annual-return-gstr-9-gst.html
Practical aspect of Annual Return (GSTR-9) under GST, highlighting its significance, challenges, and vital provisions
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The Directorate General of GST Intelligence (DGGI) has sent tax evasion notices of R 21,000 crore to Dream11, and of ₹21,000 crore to Play Games 24X7, reports said on October 3, citing persons who are privy to the development.
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Delta Corp GST news: Delta Corp share price slumped over 4% on Tuesday's trading session as a result of the introduction of the 28% Goods and Service Tax (GST) for online gaming effective, October 1. Previously, the GST on platform fees for online gaming platforms was 18%. Delta Corp shares closed at ₹136.90, down 4.06%.
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New Delhi: The Indian government's tax mop-up will likely meet budget estimates for fiscal year (FY) 2024, with the expected shortfall in excise duty revenue offset by higher income tax collection, SBI Capital Markets Ltd. (SBICaps) said in a report on Tuesday.
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Source: https://taxguru.in/goods-and-service-tax/request-amnesty-scheme-withdrawal-notices-section-164.html
In the realm of taxation, the landscape can often be fraught with complexities and uncertainties. One such issue that has been a cause for concern among taxpayers is related to the Input Tax Credit (ITC) claims under the Goods and Services Tax (GST) regime. While courts have rendered judgments on this matter, questions remain about the fairness and interpretation of the law.
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Source: https://taxguru.in/goods-and-service-tax/gst-revenue-collection-september-2023-1-62-lakh-crore.html
The Ministry of Finance has released the latest figures for Goods and Services Tax (GST) revenue collection for the month of September 2023. The data reveals a significant milestone in revenue collection, demonstrating the robustness of India’s taxation system.
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Finance Ministry notifies October 1 as the date for implementation of amended GST law to tax e-gaming, casinos, and horse racing.
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New Delhi: The new 28% Goods and Services Tax (GST) on online money games, casinos and horse racing kicked in on Sunday, with the central government issuing orders on the norms to be followed for the portion of taxes to be collected by the centre and the Union Territories.
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Central and state governments collected ₹1.62 trillion in goods and services tax (GST) in September, marking the fourth highest monthly collection since the inception of the indirect tax regime and a 10% annual growth from the year-ago period.
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NEW DELHI : Online real-money gaming firms, and lawyers representing multiple companies in this sector, labelled the Centre’s way of implementation of the new goods and services tax (GST) rate on online gaming companies unprecedented. The stakeholders of the sector, which has remained under fire for numerous taxation issues through the year, claimed that the Centre’s notification of the new online gaming GST regime—done before all states have fully adopted it—could be used as a precedent for breaking the “one nation, one tax" format of GST going forward, and is also in contravention of the law.
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