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GST revenue collection rises 12 pc Year-on-Year to Rs 1.61 lakh crore in J
Updated : 2 years, 9 months ago IST
The gross goods and services tax (GST) revenue collection of India in the month of June stood at Rs 1,61,497 crore, 12 per cent higher than the revenue collected in the same month last year, the Ministry of Finance said on Saturday.
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CGST Delhi busts input tax credit nexus of over Rs 50 cr; 1 held
Updated : 2 years, 9 months ago IST
Officials at the CGST Delhi West Commissionerate have busted a fake GST invoice nexus and found multiple firms accumulated ineligible 'input tax credit' of more than Rs 50 crores.
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Odisha again requests GST Council to withdraw tax on tendu leaves, CM writ
Updated : 2 years, 9 months ago IST
In a letter to Union finance minister Nirmala Sitharaman, who also happens to be the chairperson of GST Council, Odisha CM has stated tendu leaves, which are a Minor Forest Produce (MFP), is the financial backbone of 8 Lakh workers in his state.
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Multi-state tax fraud syndicate involving Rs 1,047 cr busted, mastermind a
Updated : 2 years, 9 months ago IST
In a release, the Ministry of Finance said the syndicate was operating 569 fake firms and through them created huge fraudulent Input Tax Credit of Rs 1,047 crore.
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NCP's Supriya Sule urges Nirmala Sitharaman to "withdraw" GST on school su
Updated : 2 years, 9 months ago IST
NCP MP said the rising cost of school supplies is putting a burden on parents, with prices soaring by 35-40 per cent this year alone.
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Gross Direct Tax collections for FY 2023-24 see 12.73 pc growth
Updated : 2 years, 9 months ago IST
According to the official data released by the government, "The Gross collection of Direct Taxes (before adjusting for refunds) for the FY 2023-24 stands at Rs 4,19,338 crore as compared to Rs 3,71,982 crore in the corresponding period of the preceding financial year, registering a growth of
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GST Council to hold 50th meeting on July 11
Updated : 2 years, 9 months ago IST
Goods and Services Tax was introduced in the country with effect from July 1, 2017
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Revenue of top Indian states to grow 6-8 pc in 2023-24 fiscal: Crisil
Updated : 2 years, 9 months ago IST
The top Indian states, accounting for 90 per cent of aggregate gross state domestic product, are expected to see revenue growth of 6-8 per cent to a cumulative Rs 34 lakh crore in the 2023-24 financial year, according to rating agency Crisil.
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South Indian Bank Partners with actyv.ai to Offer GST-Based Loans and Wins
Updated : 2 years, 9 months ago IST
Bengaluru (Karnataka) [India], June 9: actyv.ai, a leading AI-powered enterprise SaaS platform with embedded B2B BNPL and insurance offerings, has congratulated its partner South Indian Bank for winning the prestigious Digital CX Awards in Singapore recently. The Awards, instituted by Singap
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Purebred: The All-New BMW M2 Launched in India
Updated : 2 years, 9 months ago IST
Gurugram (Haryana) [India], June 8: The all-new BMW M2 was launched in India today. This compact two-door, four-seater high-performance sports car will be available in the country as a Completely Built-Up (CBU) model from today onwards.
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Odisha records over 11 pc growth rate in GST mop-up during May 2023
Updated : 2 years, 9 months ago IST
"The state has recorded a Gross GST collection of Rs 4397.73 crore during May 2023 against a collection of Rs 3955.75 crore over the corresponding period of the previous year with a growth rate of 11.17 per cent. The progressive gross GST collection up to May 23 stands at Rs 9433.47 crore ag
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GST revenue collections in May rise 12 pc on yearly basis
Updated : 2 years, 10 months ago IST
The GST revenues for the month of May 2023 are 12 per cent higher than the GST revenues in the same month last year.
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