GST collection report for November 2024 revealed a revenue of ₹1.82 lakh crore. Advisory released on the GST E-Invoice glossary and guide. Top GST News for the month of November 2024 November 2024 has been a dynamic month for GST updates in India, with significant updates shaping the compl...
03rd December 2024 The new advisory is related to the entry of RR No./eT-RRs and the integration of E-way bills with FOIS. Read PDF 02nd December 2024 The GSTN department shared the GST collection report, showing ₹1.82 lakh crore in November 2024. Read PDF The new advisory related ...
April 8, 2024 Goods and Services Tax (GST) GST collections up 12.54% in February 2024 Explained | Economics | Mains Paper 3: Indian Economy Note4Students From UPSC perspective, the following things are important : Prelims level: Goods and Services Tax (GST) Mains level: GST Collection In...
The administration currently decided to reset Goods and Service Tax collection targets. The current targets set by the government are Rs. 1.15 lakh crore for February and Rs. 1.25 Lakh crore for March, which are higher than the GST collections of December. The hike in the targets is a ...
To help you stay compliant, we have prepared a comprehensive image of our GST Due Dates February Calendar or GST Compliance Calendar. It has all the GST Due dates for February 2023 so that you never miss any GST due date in February 2024!
The letter claimed that the GST would “encourage offshore gambling operators, drive Indian users to them, and ultimately lead to neither optimal tax collection nor the growth of the legitimate industry.” Lawyer Abhishek Malhotra, Managing Partner at TMT Law Practice, hadpreviously...
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, often citing maintenance of “public order”, undermine the principle of proportionality. Digital rights organisations have condemned the ...
Final Monthly collection figures of GST April 3, 2018 by admin Leave a Comment Ministry of Finance Final Monthly collection figures of GST 02 APR 2018 The revenue collection figures under GST including CGST, SGST, IGST and cess for the period July 2017 - February 2018 paid in the period Ju...
Collection failures: ([212]-[214]) The Commissioner seeks to uphold an assessment disallowing ITCs of nearly $73m, and a penalty of over $30m, in circumstances where; it is the Fraudulent Suppliers, not the applicant, that profited from the scheme by fraudulently retaining the cashflow pro...
TCS on the collection of payment from the customer against a sales consideration: The CBDT clarification states, "It may be noted that this TCS applies only in cases where the receipt of sale consideration exceeds Rs. 50 lakh in a financial year." For example, a seller made sales of Rs...