Gross GST revenue in March at Rs 1.78 lakh crore
Indicating a rise in business activity, the Gross Goods and Services Tax (GST) revenue for the month of March 2024 witnessed the second highest collection ever at Rs 1.78 lakh crore with a 11.5 per cent year-on-year growth.
GST Revenue collection at Rs 1,68,337 cr in Feb 2024
The government said on Friday that the GST collection in the month of February stood at Rs 1,68,337 crore, marking a robust growth of 12.5 percent over the same month last year.
January GST collection grows 4.4% to Rs 1.72 lakh cr
New Delhi: The government's Goods and Services Tax (GST) collections surged to Rs 1.72 lakh crore in January, according to the provisional data released by the Ministry of Finance on Wednesday.
Zomato says 'not liable' to pay any tax on delivery charges in response to GST notice
Food delivery giant Zomato has said it is "not liable" to pay any tax on delivery charges responding to a notice served by the Directorate General of Goods and Services Tax Intelligence (DGGI).
21,791 fake GST registrations, tax evasion of over Rs 24,000 cr uncovered: Sitharaman
New Delhi: GST officers have identified 21,791 fraudulent GST registrations and uncovered potential tax evasion exceeding Rs 24,000 crore during a two-month-long special drive, Finance Minister Nirmala Sitharaman on Tuesday said.
GST collection surges 15% YoY to Rs 1.68 trillion in November
New Delhi: Highlighting the ongoing robust activity in the Indian economy, the collection of goods and services tax (GST) witnessed a substantial 15% year-on-year surge in November.
Taxman slaps GST demand of Rs 750 cr on Swiggy and Zomato
The Directorate General of GST Intelligence has sent Goods and Services Tax (GST) demand notices to the food aggregators Zomato and Swiggy, media reports said on Wednesday.
October GST collection tops Rs 1.72 lakh crore
On the back of economic activities and anti evasion measures by the government, the Goods and Services Tax (GST) mop-up topped Rs 1.72 lakh crore in the month of October 2023 recording 13% year-on-year growth.
Fitment committee refuses industry's demand to reduce GST on EV batteries, tobacco products: Report
New Delhi: The Goods and Service Tax (GST) fitment committee has declined the industry's request to reduce the tax on EV batteries and tobacco products, reported Moneycontrol.
GST Payment for E-Commerce Businesses: Challenges and Solutions
In the realm of e-commerce, GST Payment represents a significant aspect that businesses need to handle efficiently. The introduction of the Goods and Services Tax (GST) in India marked a revolutionary tax reform aiming to subsume multiple indirect taxes into a unified system. However, for e-commerce businesses, it has brought along its own set of challenges. This article will dive deep into these challenges and introduce you to feasible solutions to significantly ease the process.
Online real money gaming companies served Rs 55,000 cr GST demand notice: Report
New Delhi: The Directorate General of GST Intelligence (DGGI) has issued approximately a dozen pre-show cause notices to online real money gaming (RMG) companies for goods and services tax dues totaling around Rs 55,000 crore, ET reported.
LIC gets notice to pay Rs 290 cr GST with interest and fine
New Delhi: The Life Insurance Corporation of India (LIC) has received an order under the BGST and CGST Act 2017 from the Additional Commissioner State Tax of Bihar, demanding Rs 290 crore in goods and service tax, along with interest and penalty, ET reported.
GST collection moves up 11 pct in August
Goods and services tax (GST) collection rose 11% year-on-year (YoY) to Rs 1,59,069 crore in August 2023, according to data released by Finance Ministry on Friday.
28% GST on online gaming: GST Council agrees to review after 6 months of implementation
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced the decision to implement 28% GST on the full face value of bets placed on online games, horse racing, and casinos.
July GST collection grows 11% YoY to Rs 1,65,105 crore
New Delhi: The gross GST revenue collected in July stood at Rs 1,65,105 crore, up 11% higher than the GST revenues in the same month last year, the Ministry of Finance said on Tuesday.