Sun, Apr 02, 2023
Gross GST revenue collected in March 2023 is Rs 1,60,122 crore, of which Central GST is Rs 29,546 crore, State GST is Rs 37,314 crore, Integrated GST is Rs 82,907 crore and cess is Rs 10,355 crore, the finance ministry said in a statement.
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Wed, Dec 28, 2022
According to Games24x7 founder Trivikraman Thampy unlike gains in contests like lotteries where one competes with thousands of others at a given point of time, gains in any single online skill game are not massive because it is only between a few players.
The unregistered taxpayer can file for refunds within two years of the relevant date -- it would be the date of receipt of goods/services or letter of cancellation of contract/agreement.
Thu, Dec 08, 2022
Central Board of Indirect Taxes & Customs Chairman Vivek Johri said the government's cuts in duties will make collections on customs and central excise challenging for the fiscal.
Tue, Jul 12, 2022
GST on Casino, Online Gaming: GoM met today to discuss the tax bracket of GST for Casino, Online Gaming, and Horse Racing. However, no final decision was taken in today's meeting. Here is Zee Business Tarun Sharma's report.
Thu, Jan 31, 2019
The Reserve Bank of India pegs the growth for FY19 at 7.4 per cent. According to the Global Economic Prospects report released by the World Bank, India's GDP is expected to grow at 7.3 per cent in 2018-19, and 7.5 per cent in the next year.
Thu, Jan 03, 2019
ITC claims were allowed to businesses earlier provided businesses had generated invoice, paid taxes and filed returns.
Mon, Dec 24, 2018
The inspection team sealed the company as no proper invoices have been issued till date, the officials said.
Wed, Aug 22, 2018
On the GST, the official said: "I believe tax compliance and revenue buoyancy because of demand growth will almost result in `zero` revenue loss despite the recent deductions in rates done to protect and promote sectors like textile, exports and handicrafts."
Wed, Aug 01, 2018
Revenue collection under the Goods and Services Tax (GST) crossed the Rs 95,000 crore mark in July for the second month in a row and stood at Rs 96,483 crore, the government said on Wednesday.
Everyone thought that the recent GST rate cut by the GST Council was a win-win situation for all - consumers and companies alike. But that is not the case. Find out why.
Tue, Mar 21, 2017
The four Bills have been earlier approved by the GST Council after thorough, clause by clause discussion over 12 meetings of the Council held in the last six months.
Mon, Mar 20, 2017
The S-GST will allow states to levy the tax after VAT and other state levies are subsumed in the GST.
Sat, Mar 18, 2017
The decision on rates seems to be a long way, because the fitment into tax slabs -- 5%, 12%, 15% and 28% -- is currently ongoing, which will then need approval of the Council.
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