The consultancy firm would have to ensure a competitive bidding process and a seamless transition of the IT service backbone of GSTN to another technology company, who would be providing the software and hardware required in...
Minister of State for Finance Pankaj Chaudhary said the 49th meeting of the GST Council had approved the setting up of GST Appellate Tribunals across the country
Revenues for the month were 11 per cent higher than the GST revenues in the same month last year, the finance ministry said in a statement
"About 55 people, out of which 24 are non-full-time employees. Closer to 22 per cent. Business is in the best shape ever but this 400 per cent increase in GST is a bazooka pointed at us. We'll need to absorb some of it and...
The committee has suggested insertion of a new rule under which value of supply of online gaming would be the total amount deposited with the online gaming platforms by way of money or virtual digital assets on behalf of the...
Gaming is a skill-based activity and cannot be clubbed together with games of luck like gambling and horse racing so taxation requires a relook and making it tax friendly, 'Indian Gamers United’ said in a statement
The Centre will bring amendments to the Central GST law in the ongoing monsoon session of Parliament, following which states will pass the amendments in their respective assemblies to pave the way for the introduction of...
Tax experts said the move is aimed at checking tax evasion in the sector, as there might be over-valuation of goods which are being exported, thus leading to higher IGST refund outgo
Investors said the GST Council's decision has caused shock and dismay and will substantially and meaningfully erode investor confidence in the backing of this...
The online gaming companies, however, have been paying tax at lower rates on Gross Gaming Revenue (GGR) which works out to be less than 5 per cent which is...
The GST Council, at a meeting on Tuesday, decided that GST exemption on satellite launch services supplied by ISRO, Antrix Corporation Limited and New Space...
Union finance minister Nirmala Sitharaman said presently the definition of an SUV for levy of cess includes four parameters -- should be popularly known as...
Toy Association of India (TAI) Senior Vice-President and Little Genius Toys CEO Naresh Gautam, said that besides PLI and GST, the industry has urged for...
Functionality for geocoding the principal place of business address is now live for all states and Union territories
For governments claiming shortage of funds, the Kejriwal dispensation is an example that an honest government not only increases revenue but also provides good...
The fitment committee, comprising central and state tax officers, has recommended to the Council to clarify on these major issues at the 50th meeting of the...
Currently, there are 1.40 crore businesses registered under Goods and Services Tax, nearly double the number of businesses registered in indirect tax regime...
The BSE benchmark jumped 514.08 points to hit its record high of 65,232.64 in early trade
Goods and Services Tax (GST) revenue buoyancy, which was 1.25 after introduction of the indirect tax regime in 2017, has risen to 1.40 in the last two years
During the month, revenue from import of goods was 12 per cent higher and the revenues from domestic transactions are 11 per cent higher than the revenues from...
Drive to identify fake GST registrations will continue till July 15
Equity markets were closed on Monday on account of Maharashtra Day
The department has also increased the tax base from 1.17 lakhs in the year 2021-22 to 1.34 lakhs in the financial year 2022-23
April 2023 sees the highest-ever GST collection of Rs 1.87 lakh crores. Prime Minister Narendra Modi praises the rising nature of the tax collection graph.
During the month, revenues from domestic transaction (including import of services) were 15 per cent higher while revenues from import of goods was 6 per cent...
