02 Feb 2023 04:19 PM
New

GST collection crosses Rs 1.50 lakh crore mark for third time in FY 2022-23

Source: https://taxguru.in/goods-and-service-tax/gst-collection-crosses-rs-1-50-lakh-crore-mark-time-fy-2022-23.html

2nd highest Gross GST collection in January 2023, breaching earlier 2nd highest record in the Month of October 2022

02 Feb 2023 04:23 PM
New

Request for waiver of late fee/penalty for delay in filing GSTR-9 & GSTR-9C

Source: https://taxguru.in/goods-and-service-tax/request-waiver-late-fee-penalty-delay-filing-gstr-9-gstr-9c.html

Sub: Request for waiver of late fee and/or penalty for delay in filing Annual Return & Reconciliation Statement u/s 44 of CGST Act, 2017

01 Feb 2023 06:56 PM
New

High govt revenue: What it means for Budget 2023

Source: https://www.livemint.com/news/india/what-high-revenues-mean-for-budget-2023-11675179091546.html

New Delhi: As it prepares to present the 2023-24 budget, the Centre finds itself blessed with a good revenue position. Tax collections in 2022-23 are on course to better its own projections, which lends it comfort. Yet, whether this will continue into the next year depends on how consumption keeps growing, across consumer classes. Data suggests that smaller producers and consumers were hit harder than top producers and consumers in the last two years. If top consumers ease up on spending—against the backdrop of rising interest rates and job losses—budget 2023-24 might need to do its bit to ensure the smallest of Indian consumers spend.

01 Feb 2023 07:01 PM

GST collection at ₹1.55 lakh cr in Jan, second highest-ever

Source: https://www.livemint.com/news/gst-collection-at-rs-1-55-lakh-cr-in-jan-second-highestever-11675181139002.html

The GST collection for January 2023 has reached over the ₹1.50 lakh crore mark for the third time this financial year, and is only second to the highest collection of ₹1.68 lakh crore in April 2022

01 Feb 2023 07:05 PM

Centre, states collect around ₹1.56 trillion in GST in January, second highest ever

Source: https://www.livemint.com/economy/centre-states-collect-around-1-56-trillion-in-gst-in-january-second-highest-ever-11675183269015.html

Central and state governments have collected around ₹1.56 trillion in Goods and Services Tax (GST) revenue in January, showing an improvement of 24% over what was collected in the same month a year ago, finance ministry said in a statement on Tuesday.

01 Feb 2023 07:08 PM

Hotels body seeks infra status, tax sops from budget

Source: https://www.livemint.com/companies/news/hotels-body-seeks-infra-status-tax-sops-from-budget-11675184133285.html

GST on hotel tariffs and restaurants within hotel premises must be reduced from 18% to 12% to ensure that Indian hotels are on par with global markets

01 Feb 2023 07:12 PM

Centre, states net ₹1.56 tn GST in Jan

Source: https://www.livemint.com/news/india/centre-states-net-1-56-tn-gst-in-jan-11675188278737.html

Central and state governments collected ₹1.56 trillion in GST in January, marking the second-highest collection ever and an improvement of 24% from a year ago, the finance ministry said

01 Feb 2023 07:17 PM

Chhattisgarh CM Baghel demands THIS ahead of Budget 2023

Source: https://www.livemint.com/news/india/chhattisgarh-cm-baghel-demands-this-ahead-of-budget-2023-11675214047948.html

Ahead of Budget 2023, Chhattisgarh CM Bhupesh Baghel has put forth the demands of people which includes new trains and release of GST.

01 Feb 2023 07:20 PM

Budget: Govt to infuse ₹52,937 crore into BSNL in FY24

Source: https://www.livemint.com/companies/news/budget-govt-to-infuse-rs-52-937-crore-into-bsnl-in-fy24-11675245461615.html

For FY24, the government has provisioned ₹2218 crore as grant in aid for the BSNL’s GST payments on purchase of 4G spectrum, and an additional ₹2671 crore for VRS

31 Jan 2023 05:58 PM

Budget 2023: Why is it necessary to focus on agricultural reforms

Source: https://www.livemint.com/news/india/budget-2023-why-is-it-necessary-focus-on-agricultural-reforms-11675099038416.html

Food and fertilizer subsidy is an important element in budgetary allocations, where international prices of hydrocarbons will play a crucial role in the fiscal math.