Gross GST collection in February 2024 jumped 12.5 per cent year-on-year (YoY) to Rs 1,68,337 crore, according to an official statement released on Friday. “Gross Goods and Services Tax (GST) revenue collected for February 2024 is Rs 1,68,337 crore, marking a robust 12.5 per cent increase compared to that in the same month in 2023. …
GST, introduced on 1 July 2017, is a form of indirect tax that is charged on sales and collected by businesses from a customer buying the service or goods. Income tax (or corporate tax), on the other hand, is paid by businesses on the net income or profit they make on the sales of such …
New Delhi: Haryana tops the list of fake firms per lakh among entities registered with the Goods and Services Tax authorities, followed by Delhi, Rajasthan and Maharashtra, according to official data on action taken against bogus firms in the December quarter, even as a special drive since May detected 29,273 fictitious firms defrauding ₹44,015 crore. …
The Rajya Sabha on Wednesday granted an approval to a bill aimed at facilitating the setting up of Goods and Services Tax (GST) appellate tribunals (GSTAT). The approved bill brings about crucial modifications to the terms of appointment for tribunal members and establishes a minimum age cap of 50 years for both members and presidents …
बिजनेस डेस्क, नई दिल्ली। गुड्स और सर्विस टैक्स सिस्टम को लागू करने का उद्देश्य टैक्स सिस्टम को सुचारु रूप से चलाना। कई लोग टैक्स चोरी करते थे या फिर लोगों से टैक्स के नाम पर ज्यादा राशि लेते थे। ऐसे में इस तरह के फर्जीवाड़ा पर नकेल कसने के लिए जीएसटी बिल लागू किया गया …
Image Source : PTI/FILE PHOTO Ministry of Finance building in Delhi. The Goods and Services Tax (GST) collection for the month of October 2023 has achieved a milestone, reaching an impressive ₹1.72 lakh crore. This substantial revenue collection stands as the second-highest ever recorded, following April 2023, and it exhibits a remarkable year-on-year growth of …
Image Source : PTI REPRESENTATIVE IMAGE Gross GST collections in September 2023 stood at Rs 1,62,712 crore, which is 10 per cent higher as compared to last year, according to the data released by the Finance Ministry on Sunday. It is the fourth time that the gross GST collection has crossed the Rs 1.60 lakh …
Image Source: INDIA TV GST collections in July Official data reveals that the Goods and Services Tax (GST) revenue collected in July 2023 amounted to Rs 165,105 crore. It indicates that the GST revenues generated in July were 11% higher compared to the same month in 2022. As per a release by the Minister of …
Image Source : FILE PHOTO Representational image New RBI Regulations: Starting from August 1, 2023, several changes related to GST and the payment system will be implemented. Additionally, there may also be changes in the prices of LPG, PNG, and commercial gas. These changes have a direct impact on an individual’s budget as they are …
Image Source : PTI Union Finance Minister Nirmala Sitharaman briefs the media after the 50th GST Council meeting, in New Delhi. Highlights of the 50th GST Council Meeting 50th GST Council Meeting: What Will be Affected? Cancer-related drugs, medicines for rare diseases, and food products for special medical purposes will now be exempted from …