Tax Reduced On Many Household Items After Introduction Of GST
After the introduction of GST Tax on household items including flour, cosmetics, television, refrigerator etc have reduced.
GST Rates Updated For Select Products And Services: Full List Inside
The GST Council recommended waiving interest on penalties for tax demand notices and set a uniform GST rate of 12 percent on milk cans.
Supreme Court Warns Central Government Over Delayed Response To GST Petitions On Online Gaming
Several online gaming entities, including Gamescraft, Dream 11, Games 24x7, and Head Digital Works, have approached the Supreme Court to contest the GST imposition.
Stock Markets Recover As April’s GST Revenues Set A Record
In Asian markets, Hong Kong, and Malaysia concluded in the green, while Tokyo, South Korea, Shanghai, and Taiwan ended in the red
Markets Remain Stable In Early Trading As GST Revenues Set A Record
In Asian markets, Hong Kong, and Malaysia were trading in the green, while Tokyo, South Korea, Shanghai, and Taiwan were trading in the red
GST Collection Reaches All Time High, Reaches Rs 2.10 Lakh Crore In April
Increase in Goods and Services Tax collection has been seen after an impressive growth of 13.4 percent in domestic transactions along with an increase of 8.3 percent in imports.
GST Officials Uncover 29,000 Bogus Firms, Unveiling Fake ITC Claims Worth Rs 44,000 Crore
GST officers have uncovered 29,273 fraudulent firms engaged in false Input Tax Credit (ITC) claims amounting to Rs 44,015 crore over eight months until December 2023
Budget 2024-2025: NAREDCO seeks Rs 50,000 crore more under SWAMIH for stalled housing projects; input tax credit under GST
In 2019, the Centre had created SWAMIH fund to complete stalled projects. The size of the fund is Rs 15,530 crore and is being managed by SBICAP Ventures, a wholly-owned subsidiary of the State Bank of India.
71 show-cause notices issued to online gaming companies for GST evasion on sales of over Rs 1.12 lakh crore
Online gaming companies have been suing high courts to challenge the revenue authorities' claims against such GST demands.
Highest Growth: GST collection rises to 15% YoY To Rs 1.68 Lakh Crore in November 2023
October saw a 13% increase in GST revenue, with collections totaling Rs 1,72,003 crore. With Rs 1,87,035 crore, the highest monthly GST mop-ups were recorded in April 2023.
