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Latest Articles in goods and service tax
CBIC Chairman Reiterates 28% GST On Online Gaming
The GST Council had resolved to expedite the process of amending the relevant Acts necessary to impose taxation on online gaming, casinos and horse racing
Read MoreGovt Notifies Setting Up Of 31 State Benches Of GST Appellate Tribunal
The centre will establish 31 state benches for the GST Appellate Tribunal, which aims to expedite the resolution of GST-related disputes
Read MoreGST Collections Need To Exceed Rs 1.65 Tn/Month In July-March 2024 To Meet Revenue Target
Any contraction in the value of merchandise imports with deeper commodity deflation may dampen the revenues from IGST, which is levied on an ad-valorem basis, says Icra
Read MoreExperts Suggest Five GST Measures To Support Exporters
India's overall exports (merchandise and services) in June 2023 are estimated to be USD 60.09 billion, down around 13 per cent from June 2022. In June 2022, the exports were USD 69.20 billion
Read MoreGST Council Considers New Rule Addition In Goods And Service Tax Law
The change in the rule is opined by the Law Committee, comprising tax officers from the Centre and states
Read MoreOdisha Collects OGST, IGST Settlement Of Rs 1732.49 Cr During June 2023
The progressive gross GST collection up to June 2023 stands at Rs 13813.44 crore against a collection of Rs 12831.26 crore up to June 2022 recording a growth rate of 7.65 per cent
Read MoreGST Has Done Justice To Consumers By Bringing Rates Down: Nirmala Sitharaman
Nirmala Sitharaman further added that many common-use items and services have been exempted from GST for the benefit of the people
Read MoreApprove Changes In GST Laws By October, Centre Tells States
It may be recalled that the parliament had given its nod to the changes in the GST law in March
Read MoreUnion Budget 2023-24 May See Announcement Of GST Appellate Tribunal
The GST council is anticipated to take on the report of the Group of Ministers (GoM) on the appellate tribunal. If approved, Finance Minister Nirmala Sitharaman is expected to announce the setting up of the GST Appellate Tribunal in the Union Budget 2023-24
Read MoreGST Panel Likely To Levy 28% Tax On Online Gaming
A KPMG report evaluated that the online gaming sector will increase to Rs 29,000 crore by 2024-25. It earned Rs 13,600 crore in 2021
Read MoreCM Adityanath: No New Tax Or VAT Increase Will Be Applicable In UP
Yogi Adityanath, Chief Minister of Uttar Pradesh, explained on Friday that in order to safeguard the greater public interest, the government does not plan to raise the Value Added Tax (VAT) or impose any new taxes
Read MoreDirect Tax Collection Rises 41% In Q1 FY23
Net direct tax collection in the April-June quarter of the current fiscal rose by 41 per cent to Rs 3,54,569.74 crore, Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha
Read MoreGST On Essential Items After States Sought Levy, Aimed To Check Evasion, Says Official
GST on pre-packaged goods/ food packets was levied after some states gave feedback of losing revenues they previously earned from levy of VAT on food items, a top government official said
Read MoreGST E-Invoicing Created Much-Needed Transparency To Curb Tax Evasion: Mohan Ramaswamy
Centre is now planning to make GST e-invoicing compulsory for businesses with a turnover of Rs 5 crore and above
Read More'Casinos Over Common People': Congress Slams Government On GST Changes
Party leader Rahul Gandhi hit out at the government over GST rates, and said a single, low tax rate would help reduce the burden on the poor and the middle class
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