The gross GST collection in June 2022 is the second highest collection next to the April 2022 collection. GST Updates The department shared the details of the new functionalities for the GST stakeholders. The new GST rate of 6% is reported online in GSTR-1. Read more: Reporting 6% rate ...
Indicating which thing can be in stock of the state towards the collection of goods and services (GST) in May month in the situation of lockdown the collection dips 42% since March besidesCOVID-19 pandemicwas raging in Bengaluru. The net GST collection consisting of cess which fells from Rs...
After record collection in December, it is expected that the Goods and Services Tax (GST) revenues will cross INR 1.20 lakh crore in January 2021. It indicates that the efforts of the government are now paying off. According to Soumya Kanti Ghosh, Group Chief Economic Adviser of State Bank ...
*Based on a Casio survey as of February 2021. This watch boasts the G-STEEL line’s trademark exterior construction, which combines the strength of carbon with the quality of metal, but now in the slimmest profile ever. The design offers enhanced texture in the dial and the convenience of ...
While as overall country’s GST revenues in December 2021 grew 13 per cent to over Rs 1.29 lakh crore, mainly due to pickup in economic activity and anti-evasion steps, the Finance Ministry said on Saturday. Though the collection was lower than Rs 1.31 lakh crore mopped up in November, ...
*Based on a Casio survey as of February 2021. This watch boasts the G-STEEL line’s trademark exterior construction, which combines the strength of carbon with the quality of metal, but now in the slimmest profile ever. The design offers enhanced texture in the dial and the convenience of ...
A business qualifies as a small supplier if their worldwide taxable supplies are $30,000 or less in any single calendar quarter and in the last four consecutive calendar quarters. As of July 1, 2021, there are special rules for digital economy businesses. Nonresident businesses that sell taxabl...
person. The person has 15 days to file the return with all the supporting Documents. For instance, the taxpayer fails to file the return. In that case, the tax office will issue the final notice for the cancellation with the amount of tax owing in addition to any relevant interest or ...
India’s GST revenues saw a robust growth of 12.54% in February, exceeding ₹1.68 lakh crore. This marked the fourth-highest monthly collection since GST’s inception. Why discuss this? The Goods and Services Tax (GST) system in India has been a pivotal component of the country’s tax ...
In Australia, for example, net GST cash collections totalled AU$73.6 billion during the 2021–2022 fiscal year. Businesses collect and remit GST to the government, but it's not actually a cost that they incur. However, it is still an important consideration for businesses. For example, ...