GST collection report for May 2024 shows the figure of INR 1.73 lakh crore. Read PDF The CBIC published the new guidelines for recovery of limitations under sections 78 & 79. Read PDF The GSTN department has enabled a new feature, the Personal Hearing Option to respond DRC-01 notice. View...
As per the comprehensive report released on the Goods and Services Tax portal, the gross monthly GST collection increased by 10% in August 2024, reaching Rs. 1.75 lakh crore. This is up from Rs. 1.59 lakh crore during the same month last year. Top GST News for the month of July 2024 ...
For April it was Rs 32,294 crore and Rs 62,009 crore for May. However, the June collection has seen a decline of 9 per cent compared to the same month last year due to the lockdown situation. The GST collection figures for July are awaited. Coming to the compliance due-dates for ...
The new GST return filing model was finally introduced in May 2019 for the general taxpayers having GST registration. This system is to be run on a trial basis from July t Read More 01 Jan 1970Posted By: E-StartupIndia A Complete Guide to GST on Garments India is known for its wide...
May 2021: The GST Council constituted a Group of Ministers (GoM) to examine whether any change in legal provisions was required for the valuation of services provided by online gaming, race courses, and casinos. June 2022 (47th GST Council Meeting): The GoM submitted its report, recommending...
Accessed on October 11th, 2021 from https://ficci.in/sector/report/21914/news_wrap_sep16.pdf Financial Express. (2019). Economic Survey 2019: Taxes not keeping up pace with growth as GST collection falls short of target. Accessed on October 20th, 2020 from https://www.financialexpress.com...
GST collection model on low value imported goods Philippines • Updated deadline for the processing of pending VAT refund/credit claims Vietnam • New circular amending VAT regulations • Guidance on implementation of e-invoicing E-commerce developments • China – New tax policy for goods ...
“on the recommendations of the Council, to allow regularization of non-levy or short levy of GST, where tax was being short paid or not paid due to common trade practices.” The amendment may potentially help alleviate the concerns of online gaming services that have contested the multiple ...
(2)The power of provisional attachment under Section 83 of the Act should be exercised by the authority only if there is a reasonable apprehension that the assessee may default the ultimate collection of the demand that is likely to be raised on completion of the assessment. It should, theref...
The new GST return filing model was finally introduced in May 2019 for the general taxpayers having GST registration. This system is to be run on a trial basis from July t Read More 01 Jan 1970Posted By: E-StartupIndia A Complete Guide to GST on Garments India is known for its wide...