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...
GST Revenue collection for March 2023. The collection during March and April 2023 will be updated here. Rs 1,55,922 crore gross GST revenue collected in the month of January 2023 Second highest collection ever, next only to the Rs 1.68 lakh crore gross collection in April 2022. ...
Empower your business for success in January 2024!. GST Compliance Calendar – December 2023 As we embrace the festive spirit, this month’s Compliance Calendar brings you a mix of updates, highlights, and exciting news. We’ve curated contents to add a touch of warmth to your December. ...
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...
As announced by the Finance Minister in the 2022 Budget, the GST rate will increase from 7% to 9% over the following periods: 1 July 2007 to 31 December 2022: 7% 1 January 2023 to 31 December 2023: 8% 1 January 2024 onwards: 9% Am I impacted by the GST rate change? For existing...
GST collection for December 2023 amounted to INR 1,64,882 crore, exhibiting a notable growth of 10.3% as compared to the previous month. For more detailed information, you can refer to the read press release 01st January 2024 GST collection for December 2023 amounted to INR 1,64,882 crore...
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 ...
GST is designed to simplify tax collection by applying tax at multiple stages, only on added value, and at the point of consumption. Below, we’ll walk through these features to show how GST works across the supply chain, ensuring a fair and efficient tax process. ...
Examples in this domain would include ICA’s imposition of a 6.5 month jail term to the defendant, the Deputy CEO of Israel-based Al-Red Elevator in January 2023, following his confession – as part of a plea bargain – of having partaken in a cartel between several companies in the ...
Expected Outcomes: A reformed GST system is anticipated to be simpler, leading to easier compliance, better revenue collection, and overall efficiency in the taxation system. Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024 Attend Now December 14, 2023 Goods...