GST

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).

Monthly GST collection over Rs. 1.6 lakh crore is the new normal: FM Nirmala Sitharaman

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.

India’s GST revenue increases 12% YoY to Rs. 1.61 lakh crore

In June, India collected Rs 1,61,497 crore in gross GST revenue, a 12% rise over the same month last year.

Rise in GST collection by 11.5% in May 2023

GST Revenue Collection for April 2023 highest ever at nearly $1.87 trillion

The government has settled IGST payments of Rs. 37,959 crore for SGST and Rs. 45,864 crore for CGST.

GST collection in October stands at Rs 1,51,718 cr

CRISIL: State revenue may increase by 7-9% this fiscal year

Revenue in the major states is likely to grow at a moderate rate of 7-9% this fiscal year.

July GST revenue at ₹1.48 lakh crores, up 28% YoY and second-highest since launch

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.

Key highlights and updates from GST Council meet

The GST Council deliberations which began on Tuesday, resulted in several revisions in tax rates besides other decisions.

Centre extends GST filing deadlines for falling month after technical glitch

The Centre on Tuesday has extended the due date for filing April month GSTR-3B as taxpayers faced technical glitch on the GST portal.

CBIC encourages firms to file GST returns on time

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.

GST collection in March reached all-time high to Rs 1.42 lakh crore

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 to further investigate into alleged tax evasion by BharatPe

GST officials are also looking into the issuing of false invoices by associates of expelled co-founder Ashneer Grover.

GST collection stands at 1.33 lakh crore in February

This is the fifth time that the GST collection has crossed the Rs 13 lakh crore mark.

BharatPe slaps a pink slip on its head of controls Madhuri Grover: Report

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.