The collection of the August 2024 GST shows the stronger tax framework of India. The consistent y-o-y rise of nearly 10% shows the effectiveness of the current GST reforms and the compliance measures. This influential surge in import revenue emphasizes the buoyancy in the external sector, and...
GST Collection for August 2024 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...
It’s surreal that we’ve completed half of this year, and 2025 is just six months away! July 1st is particularly special as it marks the 7th anniversary of the Goods and Services Tax (GST) in India. The GST Act, passed in Parliament on March 29, 2017, came into effect on July 1...
This includes Rs. 1.19 lakh crore of CGST, Rs. 1.72 … [Read more...] about GST Revenue Collections for the Financial Year 2017-18 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...
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. The new functionalities related to the filing of online declaration in Annexure V ...
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...
GST Collections set a record as collections stood at above Rs. 1.12 trillion-mark. The GST collection in August has crossed the crucial mark and the collections are 30 percent higher than the collection in the year-ago period. In this article, let’s discuss the latest update by the Ministr...
This flexibility allows you to add tax-compliance features to various parts of your payment process. Customised payment flows: For businesses with unique payment flows, Stripe's application programming interface (API) allows for customised tax calculation and collection. Stripe allows businesses to ...
This ensures that tax is collected at the source of payment. On the other hand, TCS involves the tax collected by the seller at the point of sale for specific types of transactions. Both TDS and TCS are mandatory mechanisms in many tax systems to ensure proper tax compliance and collection...
The collection of GST is relatively simple, which makes it an efficient tax system. How can Enterslice Help you? Frequently Asked Questions What is the effective rate of GST charged in Singapore? All the Goods and Services are taxed in Singapore at a rate of 7% Goods and Service Tax. ...