- 06 Mar 2023 04:19 PM
- New
Cygnet Infotech, E&Y, Clear, IRIS get licence to raise GST e-invoices
NEW DELHI : Goods and Services Tax Network (GSTN), the company that processes GST returns, has said that four private companies have been roped in to offer e-invoice registration services to businesses.
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- 06 Mar 2023 04:22 PM
- New
Online gaming cos move CBDT, PMO to oppose tax rules
New Delhi: The online gaming industry has approached the Central Board of Direct Taxes (CBDT) and the Prime Minister’s Office (PMO) to oppose changes in tax deduction at source (TDS) and Goods and Service Tax (GST) on the sector.
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- 02 Mar 2023 05:36 PM
- New
Steady GST hum | Mint
Source: https://www.livemint.com/opinion/online-views/steady-gst-hum-11677701692003.html
Goods and services tax (GST) revenue figures for February released by the government on Wednesday show that collections climbed 12% from a year earlier to almost ₹1.5 trillion. February’s collections mark 12 months in a row of GST revenue exceeding ₹1.4 trillion. Given this trend, it is clear that the monthly collection figure has settled comfortably at levels significantly above those seen last year. This speaks of both a commercial recovery after covid and a strengthening of the regime, which has had many loose ends tied in recent years.
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- 02 Mar 2023 05:54 PM
₹1,49,577 crore gross GST revenue collected in February 2023
The gross GST revenue collected in the month of February 2023 is ₹1,49,577 crore of which CGST is ₹27,662 crore, SGST is ₹34,915 crore, IGST is ₹75,069 crore (including ₹35,689 crore collected on import of goods) and Cess is ₹11,931 crore (including ₹792 crore collected on import of goods)
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- 02 Mar 2023 05:57 PM
Issues pertaining to uploading of orders in respect of TRAN-1 / TRAN-2
Kind reference is invited to the issues faced by the jurisdictional field officers in uploading orders in respect of new TRAN-1 / TRAN-2. In this regard, a meeting was held by the Pr. ADG, DGS, Chennai with the CEO, GSTN today (28/02/2023).
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- 01 Mar 2023 05:10 PM
GST revised rates on pencil, jaggery to be effective from today
In the last GST Council meeting, held in February, the finance ministry made several announcements. The centre revised GST rates on several items, including stationary and exam institutions. The Council then said that the revised GST rates would be implemented on 1 March.
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- 01 Mar 2023 05:16 PM
February GST collections up 12% YoY to ₹1.49 lakh crore
The monthly GST revenues remained over ₹1.4 lakh crore for 12 straight months in a row, said the Finance Ministry in a statement on Wednesday.
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- 01 Mar 2023 05:21 PM
GST collection rise 12% to ₹1.49 trillion in February
The gross GST revenue collected in the month of February 2023 is ₹1,49,577 crore of which CGST is ₹27,662 crore, SGST is ₹34,915 crore, IGST is ₹75,069 crore
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- 23 Feb 2023 05:01 PM
A taxing question India can’t resolve: What’s an SUV?
Source: https://www.livemint.com/news/india/why-taxing-suvs-has-become-a-vexing-matter-11677089667059.html
India doesn’t quite know how to define a Sports Utility Vehicle (SUV) and that has led to confusion on how to tax them. Nearly six years after the GST was implemented, the Centre is now looking at plugging loopholes to prevent any ‘unintended tax evasion’. Mint explains.
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- 20 Feb 2023 05:57 PM
GST Council Meeting: See how industry reacts on compensation clearance, rate cut
Sitharaman said the entire pending balance of the GST compensation cess -- a total of ₹16,982 crore -- will be cleared and "although this amount is not available with the compensation fund as of today, we have decided to release from our own resources and the same amount will be recouped from the future compensation cess collection".
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