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 ...
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. ...
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 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...
In January 2024, over 12,000 parents signed an online petition expressing grave concerns over the promotion of unrealistic beauty standards and body dysmorphia by AI influencers on TikTok. The petition called for clearer labels on AI-generated content. Later, the platform even removed some of ...
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 has brought about a single, seamless national market, facilitating easier and more transparent transactions. Its comprehensive IT system has enhanced compliance, made tax collection more efficient, and reduced tax evasion. Furthermore, GST has fostered a business-friendly environment, attracting both...
-Tax Collection at Source (TCS) - Unit of International Financial Services Centre shall not be considered as ‘buyer’ for the purposes of sub-section (1H) of section 206C of the IT Act 1961 January 6, 2025 FTP -Amendment in Import Policy and Import Policy Condition of Synthetic Knitted ...
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...