 
                  
Online gaming GST: A contentious topic even if Council lessened its effects
The Council finally imposed a 28% GST on bets made by players in online gaming after months of debate by the group of ministers (GoM).
Stay updated with the latest news and articles about GST.
 
                  
The Council finally imposed a 28% GST on bets made by players in online gaming after months of debate by the group of ministers (GoM).
 
                  
Finance Minister Nirmala Sitharaman in a recent press briefing, on the occasion of GST Day 2023 said that the monthly Goods and Services Tax (GST) revenue remaining over Rs 1.6 lakh crore has become the new normal since the implementation in 2017.
 
                  
In June, India collected Rs 1,61,497 crore in gross GST revenue, a 12% rise over the same month last year.
 
                  
 
                  
The government has settled IGST payments of Rs. 37,959 crore for SGST and Rs. 45,864 crore for CGST.
 
                  
 
                  
Revenue in the major states is likely to grow at a moderate rate of 7-9% this fiscal year.
 
                  
According to a press release from the Finance Ministry on Monday, the gross goods and service tax (GST) income collected in July totalled Rs 1,48,995 crore, the second-highest amount ever and a 28% increase over the same period last year.
 
                  
The GST Council deliberations which began on Tuesday, resulted in several revisions in tax rates besides other decisions.
 
                  
The Centre on Tuesday has extended the due date for filing April month GSTR-3B as taxpayers faced technical glitch on the GST portal.
 
                  
As part of an online effort to encourage compliance, the Central Board of Indirect Taxes and Customs (CBIC) has urged businesses to file various tax return forms due in the coming days on time.
 
                  
On the back of strong rebound in economic activities and anti-evasion drive, goods and services tax (GST) collection reached all-time high to Rs 1.42 lakh crore in March, 2022.
 
                  
GST officials are also looking into the issuing of false invoices by associates of expelled co-founder Ashneer Grover.
 
                  
This is the fifth time that the GST collection has crossed the Rs 13 lakh crore mark.
 
                  
The report further said that a total expenditure of Rs 53.25 crore was made towards these 30 vendors that did not exist and the company incurred a loss of Rs 10.97 crore in these dealings.
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