6th August 2024 GSTN Updates UPI and Credit/Debit Cards Payment Method with Axis and Karnataka Bank to increase its payment process. Read More 05th August 2024 The new GSTR-8 advisory reduces the current rate from 1% to 0.5%. View more 02nd August 2024 The new advisory pertains to Jamm...
According to data from the finance ministry, the central and state governments garnered ₹1.82 trillion in goods and services tax (GST) for July, reflecting a 10.3% increase compared to the same month last year. This figure also represents an increase from the ₹1.74 trillion collected in ...
Increase in imports: The higher value of imported goods due to rising commodity prices is another reason behind the increase in GST collections from imports. What is GST? GST is an indirect tax that has replaced many indirect taxes in India such as excise duty, VAT, services tax, etc. The...
Budget Smartphones: The 18% GST rate led to a slight increase in prices for budget models, such as those from brands like Realme, Redmi, and Poco impacting affordability for price-sensitive consumers. Mid-Range Smartphones: This segment experienced a relatively neutral impact, with price adjustme...
If this amendment results in increase of tax amount and the supplier do not amend the invoice in or before GSTR-1 of September then the buyer may lose such additional ITC. *** IRIS GST is a registered GSP under the GST regime and provider of premium quality GST compliance tools in India...
After two years of rollout of GST, the government is now aiming towards anti-evasion measures to increase revenue as well as compliance. From the 1.21 crore registered businesses, only 20 lakh comes under the composition scheme. According to a tax expert, the GST e-invoice generation system ...
The fraud occurs here a supplier within a supply chain, upon being funded the GST (or VAT) by the acquirer through an increase in price, fails to pay the GST. The Revenue is left out of pocket where an input tax credit has been paid to the acquiring entity but the corresponding GST ...
Nazara Technologies, an India-based gaming and sports media company, earned a net profit of Rs. 23.6 crore in Q1 FY25 (ended in June 2024), a 13.3 % year-on-year (YOY) increase from Rs. 20.9 crore in Q1FY24, according to its latest financial results. Operational Revenue decreased by...
streaming service JioCinema, which according to Reliance subsidiary Network 18’s annual report brings in285 million active monthly users. As of the quarter ending on September 30, 2024, JioCinema has16 million paid subscribers, which indicates a two-fold increase in paid subscribers quarter on ...
The Green Satoshi Token price today is $0.027 with a 24-hour trading volume of $10,451,805. Get GST price charts & market cap from Revolut.