GST collection in January 2022 stood at INR 1,38,394 crore, making it the seventh consecutive month when collections crossed the INR one-lakh-crore mark. While the recovery of the economy is a major factor, measures such as the introduction of e-invoicing and the linking of inward and outw...
In this context, the GST collection process, refund or input credit process, audit process, taxpayer complaint resolution process, GST council reform process, etc., are examples of various processes involved. The key actors are expected to strengthen and optimize the strategies to enhance the ...
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...
The GST Collection in June 2021 is shocking and was expected figures at the same time. It is estimated that GST Collection in June 2021 has fallen significantly. Experts estimate that the reason is, of course, none other than lockdown due to Covid-19 Crisis. As we all know, most of I...
In case of Atlas Pvc Pipes Limited Vs State of Odisha, Orissa High Court rules that not furnishing certified copy of order appealed against within 7 days of filing of appeal is a mere technical defect Record ₹1,44,616 crore gross GST Revenue collection for the month of June 2022. Show...
13. https://www.outlookindia.com/website/story/business-news-dggi-raids-half-a-dozen-crypto-exchanges-in-india-on-gst-evasion-report/407794 14. Bhayani, Rajesh & Coutinho, Ashley. 2022, January 27. GIFT City draws big players with biz sops; banks, PEs register with IFSCA. The Business...
Under the GST regime, both goods and services are governed by a unified taxation structure, enhancing compliance and transparency. The implementation of GST aims to streamline the tax process, ensuring efficient tax collection at every stage of the sale. ...
Refunds issued in December amounted to Rs 22,490 crore, with net GST collection reflecting a 3.3% increase. Read more Maruti Suzuki records 30% rise in December sales 01-01-2025 12:04 via timesofindia.indiatimes.com Maruti Suzuki India Ltd reported a 30% ris...
Goods and Services Tax (GST) registrationis required after completing the above steps, mainly if the company engages in various business activities. Every Indian company must apply for a GST number for taxation purposes. Initiating Business Operations ...
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