There are several expectations from this year’s union budget regarding GST rate reductions, interest rates on home loans, railways, education and farming sector etc. Read more about the Union Budget 2023 expectations here. GST Collections for January 2023 The gross GST revenue collected in the ...
GST Revenue Collection 2025. Total CGST, SGST and IGST since July 1, 2017. Goods and Services Tax paid by filing GST returns by Taxpayers.
GSTR 9C: A Complete Guide to Preparing GSTR 9C | Explained Table-wise Now, let us look at the GST Compliance Calendar for January 2023; here is a comprehensive image of our GST Compliance Calendar. It has all the GST Due dates for January 2023 so that you never miss a due date!....
With this, the government can get more revenue from a wider range of sources without imposing a heavy burden on individual taxpayers. Economic Efficiency: Indirect taxes are generally considered to be more economically efficient as they can be easily integrated into the price of goods and services...
In other words, when GST is payable during the financial year on such revenue (which was recognized earlier), the value of such revenue shall be declared here. C. Unadjusted advances at the end of the Financial Year (+): Value of all advances for which GST has been paid but the same ...
The facts reveal that India has observed a tremendous increase in tax base vis-à-vis revenue collection. Yet, some efforts are desired to improve the low tax to GDP ratio, skewed GST payers base, negative stakeholders’ perception of GST (revealed through Twitter sentiment analysis), and the...
This classification is vital for determining state-wise tax liability and revenue distribution among states, ensuring adherence to destination-based taxation. What is the GST Jurisdiction? GST jurisdiction refers to the geographical area or territory covered by a particular GST authority or office. Each...
Using this step-by-step guide, your GST notice reply can become comprehensive and well-organised and address the concerns raised by revenue authorities. Why must one reply to the GST notice? Receiving a GST notice can be pretty terrifying for any business. Failure to respond or delay could ha...
Imported Goods: Revenue from goods imports also saw a notable increase, rising by 8.5%. State-wise Breakdown Overall Collection Analysis: After accounting for refunds, February’s GST collection amounted to ₹1.51 lakh crore, indicating a substantial 13.6% growth from the previous year. State Var...
GSTR 9C: A Complete Guide to Preparing GSTR 9C | Explained Table-wise Now, let us look at the GST Compliance Calendar for January 2023; here is a comprehensive image of our GST Compliance Calendar. It has all the GST Due dates for January 2023 so that you never miss a due date!....