“Online gaming expected to attract investment once tax policy is finalised”, says FM Sitharaman
  • 03 May 2023 06:02 PM
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“Online gaming expected to attract investment once tax policy is finalised”, says FM Sitharaman

Source: https://www.livemint.com/technology/tech-news/online-gaming-expected-to-attract-investment-once-tax-policy-is-finalised-says-fm-sitharaman-11683110760806.html

According to the minister, the GST Council is engaged in discussions at the ministerial level regarding different aspects of online gaming, such as taxation and regulation.

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Centre, states collect record Rs1.87 trillion GST receipts in April
  • 02 May 2023 06:07 PM
  • New

Centre, states collect record Rs1.87 trillion GST receipts in April

Source: https://www.livemint.com/news/india/centre-states-collect-record-rs1-87-trillion-gst-receipts-in-april-11682947876224.html

On 20 April, revenue collections on a single day shot up to the highest ever of ₹ ₹68,228 crore through 980,000 transactions, the finance ministry said

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April kicks off with record ₹1.87 tn GST
  • 02 May 2023 06:15 PM
  • New

April kicks off with record ₹1.87 tn GST

Source: https://www.livemint.com/news/india/record-gst-collections-boost-indian-economy-april-receipts-reach-1-87-trillion-a-12-increase-yearoveryear-11682964006682.html

On 20 April this year, revenue collections on a single day shot up to a record ₹68,228 crore over 980,000 transactions, the finance ministry said in a statement.

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Quick edit: GST needs reform
  • 02 May 2023 06:18 PM

Quick edit: GST needs reform

Source: https://www.livemint.com/news/india/quick-edit-gst-needs-reform-11682965029695.html

Even as the West grapples with yet another bank failure, with First Republic Bank being acquired by JPMorgan Chase & Co in an emergency government-led intervention, India’s economy seems to be steaming ahead

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GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore
  • 02 May 2023 06:25 PM

GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore

Source: https://taxguru.in/goods-and-service-tax/gst-revenue-collection-april-2023-highest-rs-1-87-lakh-crore.html

Gross GST collection in April 2023 is all time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 crore, in April 2022

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New GST rules in effect from today for businesses with turnover of over ₹100 crore. Details here
  • 01 May 2023 06:36 PM

New GST rules in effect from today for businesses with turnover of over ₹100 crore. Details here

Source: https://www.livemint.com/news/india/new-gst-rules-in-effect-from-today-for-businesses-with-turnover-of-over-rs-100-crore-details-here-11682901697999.html

Businesses whose turnover is ₹100 crore and above will now have to upload their electronic invoices on Invoice Registration Portal (IRP) within 7 days of the issue of such invoice with effect from May 1, GST Network has said.

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GST revenue collection for April 2023 highest ever at ₹1.87 lakh crore
  • 01 May 2023 06:39 PM

GST revenue collection for April 2023 highest ever at ₹1.87 lakh crore

Source: https://www.livemint.com/news/india/gst-revenue-collection-for-april-2023-highest-ever-at-rs-1-87-lakh-crore-11682943990643.html

The gross GST revenue collected in the month of April, 2023 is ₹ 1,87,035 crore of which CGST is ₹38,440 crore, SGST is ₹47,412 crore, IGST is ₹89,158 crore (including ₹34,972 crore collected on import of goods) and cess is ₹12,025 crore (including ₹901 crore collected on import of goods).

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CBIC to introduce automated GST return scrutiny by next week
  • 01 May 2023 06:43 PM

CBIC to introduce automated GST return scrutiny by next week

Source: https://taxguru.in/goods-and-service-tax/cbic-introduce-automated-gst-return-scrutiny-week.html

Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Indirect Taxes & Customs (CBIC)

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KPTCE: Representation on glitches and hardship in payment of taxes & filing of returns
  • 29 Apr 2023 05:19 PM

KPTCE: Representation on glitches and hardship in payment of taxes & filing of returns

Source: https://taxguru.in/goods-and-service-tax/kptce-representation-glitches-hardship-payment-taxes-filing-returns.html

KSCAA has sent a representation to the The commissioner of Commercial Tax, on umpteen number of glitches and hardship in payment of taxes and filing of returns under Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976

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