Gst
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Income Tax 2024: How to file for tax deductions on donations to political parties? Know all details
Business | Feb 16, 2024, 10:33 AM ISTDonations to political parties are tax-exempt, provided they are directed towards political parties recognised by the Election Commission.
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DGGI summons foreign airlines operating in India over alleged tax evasion
Business | Feb 15, 2024, 09:50 PM ISTDGGI, the investigative arm under the GST regime, said head offices of foreign airlines providing services like ental, maintenance of aircraft and crew salaries are taxable under the reverse charge mechanism. It has sought clarification from ten foreign airlines.
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Maharashtra: FIR against State Tax Assistant Commissioner, other GST officers for seeking Rs 1 crore
Maharashtra | Feb 06, 2024, 09:18 AM ISTACB filed an FIR under Section 7 of the Anti-Corruption Act which deals with an offence relating to public servant being bribed.
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Average monthly GST collections to grow 11 per cent to Rs 1.85 lakh crore in FY25: Revenue Secretary
Business | Feb 02, 2024, 02:44 PM ISTFinance Minister Nirmala Sitharaman highlighted the doubling of the GST taxpayer base and monthly revenues since its launch in her budget speech.
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56 lakh updated ITRs filed, Rs 4,600 crore taxes collected in two years: CBDT
Business | Feb 02, 2024, 11:16 AM ISTThe Budget announced the withdrawal of outstanding small tax demands dating back to 1962, up to Rs 25,000 till 2014-15.
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Budget 2024: No change in tax regime this year; check old, new tax slabs
Budget | Feb 01, 2024, 01:50 PM ISTThe finance minister proposed to retain the same direct and indirect tax rates, including import duties.
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GST collection in January 2024 registers second highest monthly revenue: Finance Ministry data
Business | Feb 01, 2024, 08:30 AM ISTNotably, this is the second-highest monthly collection ever and marks the third month in this financial year with a collection of Rs 1.70 lakh crore or more. The government has settled Rs 43,552 crore to CGST and Rs 37,257 crore to SGST from the IGST collection.
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GST collections surge to second highest ever at 1.72 lakh crore in January
Business | Feb 01, 2024, 07:13 AM ISTThe highest-ever monthly GST collection was recorded in April 2023 at Rs 1.87 lakh crore.
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Budget 2024: Govt to focus on Make in India initiative to boost manufacturing
Business | Jan 21, 2024, 11:08 PM ISTThe government is considering expanding the Production-Linked Incentive (PLI) scheme in the upcoming interim budget, aiming to boost the manufacturing sector and employment. Sectors like garments, jewellery, and handicrafts may be included in the PLI scheme, currently available for 14 sectors.
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Budget 2024: Key terms you should know before the announcement
Budget | Feb 01, 2024, 10:27 AM ISTUnion Budget 2024: The budget is expected to include various financial indicators, including inflation, fiscal deficits, capital expenditures, revenue receipts, bad loans, and more.
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Gross GST collection rises by 12% to Rs 14.97 lakh crore in during April-December 2023 period
Business | Jan 01, 2024, 05:51 PM ISTThe average monthly gross GST collection of Rs 1.66 lakh crore in the first nine-month period this year represents a 12 per cent increase compared to the Rs 1.49 lakh crore average recorded in the corresponding period of FY23.
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Zomato receives show cause notice worth Rs 401 crore for unpaid GST on delivery charges: Report
Business | Dec 28, 2023, 12:14 PM ISTZomato has been asked by the tax authorities to pay penalties and interest from October 2019 to March 2022.
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Mamata Banerjee seeks resolution on pending dues in meeting with PM Modi | WATCH
Kolkata | Dec 20, 2023, 02:55 PM ISTMamata Banerjee highlighted the cessation of funds for the rural roads program, a joint venture between the state and the Centre. Banerjee pointed out that the Centre collects money through GST, and the state has a rightful share in the funds.
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West Bengal Assembly passes bill to impose 28% GST on online gaming, horse racing, casinos
Kolkata | Dec 07, 2023, 06:02 PM ISTMinister of State for Finance Chandrima Bhattacharya said that West Bengal is one of the states which has advocated taxation of such online gaming and similar activities at the highest rate.
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GST collection registers highest-ever jump in November, says Centre
Business | Dec 01, 2023, 07:39 PM ISTGoods and Services Tax (GST) collections have jumped 15 per cent to over Rs 1.67 lakh crore in November, the Finance Ministry informed on Friday.
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West Bengal commercial taxes directorate busts Rs 4,716 crore fake GST invoice rackets, four held
Kolkata | Dec 01, 2023, 03:15 PM ISTThe operators used to lure unsuspecting individuals with petty cash or promises of employment and fraudulently obtained their PAN, Aadhaar, and other identification documents. Using them, they incorporated several fake firms and obtained GST registrations.
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GST revenue collection for October 2023 marks significant growth, surpassing Rs. 1.72 lakh crore
Business | Nov 01, 2023, 03:39 PM ISTIn October 2023, India's Goods and Services Tax (GST) collection reached an impressive ₹1.72 lakh crore, marking the second-highest collection ever recorded, with a remarkable year-on-year growth of 13%.
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Gangajal is exempted from GST, clarifies CBIC after controversy
India | Oct 12, 2023, 03:56 PM ISTThe Central Board of Indirect Taxes and Customs (CBIC) has said that since Gangajal is part of puja items used by households, such things are exempted from the Goods and Services Tax (GST).
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Finance Minister Nirmala Sitharaman chairs 52nd GST Council meeting
India | Oct 07, 2023, 12:07 PM ISTGST Council meeting: Earlier the Ministry of Finance had said that the gross Goods and Services Tax revenue collected in the month of September was Rs 162,712 crore. The monthly revenue is 10 per cent higher than the collection the same month the previous year.
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GST collection rises 10% in September, crosses 1.60 lakh mark for the fourth time this fiscal
Business | Oct 01, 2023, 04:32 PM ISTAccording to the finance ministry, the revenue in September 2023 was 10 per cent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year.