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GST collections in December increase 7.1% to Rs 1.76 lakh crore

GST collections in December increase 7.1% to Rs 1.76 lakh crore

Wed, Jan 01, 2025

During the financial year 2023-24, the total gross GST collection was recorded at Rs 20.18 lakh crore, with an 11.7 per cent increase compared to the previous fiscal year.

States not in favour of bringing ATF under GST, says finance minister

States not in favour of bringing ATF under GST, says finance minister

Sat, Dec 21, 2024

Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax.

GST collection grows 9% to Rs 1.87 lakh crore in October

GST collection grows 9% to Rs 1.87 lakh crore in October

Sat, Nov 02, 2024

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions.

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GSTN to launch invoice management system from October 1

GSTN to launch invoice management system from October 1

Tue, Sep 03, 2024

In an advisory to Goods and Services Tax (GST) payers, GSTN said to enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the IMS is being launched.

Government rolling out pan-India biometric authentication to prevent GST fraud

Government rolling out pan-India biometric authentication to prevent GST fraud

Sat, Jun 22, 2024

Two pilot projects for biometric authentication have already been carried out successfully and now the facility will be rolled out nationwide in a phased manner, the Finance Minister said at a press conference.

GST collections at record Rs 2.10 lakh crore in April; here is all you need to know

GST collections at record Rs 2.10 lakh crore in April; here is all you need to know

Wed, May 01, 2024

GST April 2024 data, Goods and Services Tax data: The government collected a record Rs 2.1 lakh crore in gross goods and services tax (GST) last month, according to official data released on Wednesday.

NHAI Reverses Decision to Increase Toll Tax on Highways and Expressways

NHAI Reverses Decision to Increase Toll Tax on Highways and Expressways

Mon, Apr 01, 2024

Toll will not increase on highways and expressways, NHAI has taken back the decision to increase toll tax, official circular may be issued today, see complete details in this video.

India 360: Government's coffers are filling during the festive season, GST collection increased

India 360: Government's coffers are filling during the festive season, GST collection increased

Thu, Nov 02, 2023

Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.

GST collections rise 13% to Rs 1.72 lakh crore in October

GST collections rise 13% to Rs 1.72 lakh crore in October

Wed, Nov 01, 2023

GST October collections: The government's GST collections increased 13 per cent on a year-on-year basis last month, according to official data released on Wednesday.

GST Amnesty scheme: What is it? How can you benefit from it?

GST Amnesty scheme: What is it? How can you benefit from it?

Sat, Aug 26, 2023

Late filing of annual returns under GSTR-10 has been reduced to Rs 1,000 if filed on or before the last date.

Mera Bill, Mera Adhikaar: How this GST-related scheme of Centre can make you a crorepati

Mera Bill, Mera Adhikaar: How this GST-related scheme of Centre can make you a crorepati

Thu, Aug 24, 2023

The Mera Bill Mera Adhikaar scheme offers cash prizes from Rs 10,000 to Rs 1 crore. The plan will be launched on September 1 in three states and three Union Territories.

GST Fraud: How to protect your business from fake GST registration scams

GST Fraud: How to protect your business from fake GST registration scams

Tue, Aug 01, 2023

GST frauds are a serious revenue leakage, but there are steps you can take to protect yourself. In this video, we'll show you how to verify GSTINs, check compliance history, and spot red flags that indicate a fake GST registration. By following these tips, you can minimise the risk of falling victim to a scam.

GST Council decides to impose 28% tax on turnover of online gaming firms

GST Council decides to impose 28% tax on turnover of online gaming firms

Wed, Jul 12, 2023

The issue before the GoM (group of ministers) was whether to impose a 28 per cent GST on the face value of bets, or gross gaming revenue, or just on platform fees.

9 Years of Modi: Unveiling India's Digital & Economic Revolution from Digital India to Make in India

9 Years of Modi: Unveiling India's Digital & Economic Revolution from Digital India to Make in India

Thu, Jun 08, 2023

Prime Minister Modi-led NDA government has completed nine years in office! When PM Modi took oath for the first time, his moto was Sabka Sath, Sabka Vikas, and with this the BJP government embarked upon their journey in 2014 to create an India that is self-sufficient in all aspects. 9 years have passed by, and it is now time to look back at the progress that the country has made in various sectors.

GST Council to meet on February 18

GST Council to meet on February 18

Fri, Feb 03, 2023

"The 49th meeting of the GST Council is scheduled to be held at New Delhi on February 18, 2023," the GST Council said in a tweet on Friday

GST not applicable on Govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactions

GST not applicable on Govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactions

Sun, Jan 15, 2023

Last week the Cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards and low-value BHIM-UPI transactions in the current fiscal.

December GST revenue collections up 15% YoY to Rs 1,49,507

December GST revenue collections up 15% YoY to Rs 1,49,507

Sun, Jan 01, 2023

Government has collected gross Goods and Services Tax (GST) of Rs 1,49,507 crore during December 2022, a government release said. Out of this, CGST stood at Rs 26,711 crore, SGST at Rs 33,357 crore while IGST at Rs 78,434 crore (including Rs 40,263 crore collected on import of goods)

GST Council Meet outcome: Certain offences decriminalised, limit for launching prosecution doubled to Rs 2 crore

GST Council Meet outcome: Certain offences decriminalised, limit for launching prosecution doubled to Rs 2 crore

Sat, Dec 17, 2022

GST Council Virtual Meeting: Revenue Secretary Sanjay Malhotra announced that GST Council agreed in its meeting to decriminalise certain offences, and it decided to double the threshold of launching prosecution to Rs 2 crores.

Goods and Sevices Tax law panel working on definitions of games of skill, chance - Details!

Goods and Sevices Tax law panel working on definitions of games of skill, chance - Details!

Sun, Nov 06, 2022

According to sources, the GST Council's Law Committee, which met in Bengaluru on Saturday, discussed the issues concerning definition for 'games of skill' and 'games of chance' with technical domain experts.

Government working on decriminalising certain offences under GST, lower compounding charges

Government working on decriminalising certain offences under GST, lower compounding charges

Wed, Sep 28, 2022

Currently, the law provides for launching prosecution against offenders in cases where the amount of Goods and Services Tax (GST) evasion or misuse of input tax credit is more than Rs 5 crore

GST Collection Data August 2022: Big YoY jump! Rs 1.43 lakh crore - Key details

GST Collection Data August 2022: Big YoY jump! Rs 1.43 lakh crore - Key details

Thu, Sep 01, 2022

"Better reporting coupled with economic recovery has been having a positive impact on the GST revenues on a consistent basis," the ministry said in a statement.

States' revenue growth to slide to 7-9% despite robust GST collections - What report said

States' revenue growth to slide to 7-9% despite robust GST collections - What report said

Wed, Aug 24, 2022

The revenue growth had galloped 25 per cent in FY22 courtesy a lower base in the pandemic-affected FY21, the report by rating agency Crisil, which analysed 17 states accounting for 90 per cent of the aggregate GSDP, said

Rs 5 cr prize to those who take GST bills; Kerala Government launches Lucky Bill App to check GST evasion

Rs 5 cr prize to those who take GST bills; Kerala Government launches Lucky Bill App to check GST evasion

Tue, Aug 16, 2022

Kerala Goverenment has taken this unique step to check Goods and Services Tax (evasion) by launching an app that would reward people who take GST bills on goods and services. Here is the full detail

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