In the month of October 2022, after the regular and adhoc settlements, the CGST revenue accrued to the Centre and the States amounts to 74,665 crores and the SGST revenue to 77,279 crores. The gross GST collection in October 2022 crossed Rs. 1.50 lakh crore mark for the second time, ...
In April the total GST has risen to a record high of Rs 2.10 lakh crore.The collection of the August 2024 GST shows the stronger tax framework of India. The consistent y-o-y rise of nearly 10% shows the effectiveness of the current GST reforms and the compliance measures. ...
In this article, you will come to know the GST tax collection from various GST returns filed since July 1, 2017. The month-wise consolidated figures of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected ...
This initiative aims to streamline tax compliance and data collection from taxpayers dealing in these specified goods, as outlined in Notification No. 04/2024 –Central Tax dated 05-01-2024. Top GST News for the month of April 2024 As April heralds the dawn of a new financial year, it ...
What is the procedure to collect GST from e-Commerce operator? When is GST charged by an e-commerce operator? How does GST collection work under e-Commerce business? As per GST Law, notwithstanding anything to the contrary contained in the Act or in any contract, arrangement or memorandum of...
This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. The Minister further stated that the economic impact of the pandemic has led to higher compensation requirement due to lower GST collection and at the s...
The failure of the union government to maintain centralised data on these shutdowns accentuates a lack of transparency and accountability. This is because such a gap in data collection prevents a comprehensive understanding of the consequences of such measures. Shutdowns over the past eight years,...
GST replaced all indirect taxes like service tax and cess from July 1, 2017. Currently, GST on health and life insurance policies is fixed at 18%. According to the formula, the Centre collects 9% GST with a matching collection by states. Before GST, life insurance premiums were subject ...
in 199657. The 96 S strain was reared under laboratory conditions using an artificial diet without the addition of any insecticides. Two field-collection strains, NTC (30 pairs) and XJ (30 pairs), were collected from Xiajin, Shandong Province (North China) and Korla, Xinjiang Uygur Autonomo...
GST Council in its 31st meeting held at New Delhi has approved the proposal to form a 7 Member Group of Ministers to study the revenue trend, including analysing the reasons for structural patterns affecting the revenue collection in some of the States. The study would include the underlying re...