[ad_1] GST Collections: The Goods and Services Tax (GST) collections in August 2024 witnessed a 10% increase compared to the same period last year, amounting to Rs 1,74,962 crore. This growth was evident across all categories, including Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess.In August 2023, the gross GST revenue collected…
[ad_1] Reported By: Mohammad Haris Last Updated: September 01, 2024, 17:24 IST GST Collection in August 2024. Gross GST collection in August 2024 recorded a 10 per cent jump to Rs 1,74,962 crore. Gross GST collection in August 2024 recorded a 10 per cent jump to Rs 1,74,962 crore, according to the latest official data…
[ad_1] NEW DELHI: Life Insurance Corporation of India (LIC) received a demand notice of about Rs 605.58 crore for short payment of Goods and Services Tax (GST) for the financial year 2019-20. The tax authorities sent LIC the notice on Thursday. The corporation has received a communication/demand order for interest and penalty for Maharashtra, LIC…
[ad_1] Currently, there are five slabs — 0 per cent, 5 per cent, 12 per cent, 18 per cent, and 28 per cent. “Why disturb something which is going on smoothly,” says Krishna Byre Gowda, Minister of Revenue of Karnataka, on GST slab changes. Bihar Deputy Chief Minister Samrat Chaudhary, who is the convenor of…
[ad_1] Published By: Nibandh Vinod Last Updated: June 30, 2024, 17:15 IST GST Day was first observed on July 1, 2018, marking one year since the tax system’s implementation. (Image: Shutterstock) The GST was launched in a grand ceremony held at the centre hall of Parliament on the intervening night of June 30 and July…
[ad_1] GST Collections May 2024: The Goods and Services Tax (GST) revenue for May 2024 reached Rs 1.73 lakh crore, marking a 10% increase compared to the same month last year. This growth was primarily attributed to a substantial rise in domestic transactions (15.3%) and a decrease in imports (4.3%). The net GST revenue, after…
[ad_1] GST collections cross Rs 2 lakh crore! In April 2024, the Gross Goods and Services Tax (GST) collections reached an all-time high of Rs 2.10 lakh crore, marking a substantial 12.4% growth compared to the same month in the previous year. This impressive increase can be attributed to a robust rise in domestic transactions,…
[ad_1] GST Collections March 2024: In a boost for the economy, the gross Goods and Services Tax (GST) collections for the month of March came in at the second highest ever level of Rs 1.78 lakh crore. This is an 11.5% year-on-year growth, according to the Ministry of Finance.This increase was primarily fueled by a…
[ad_1] NEW DELHI: Finance Minister Nirmala Sitharaman will inaugurate on Monday a conference of enforcement chiefs of all state and central GST officers to tackle tax evasion. In the conference, Goods and Services Tax (GST) formations will deliberate on combating GST evasion, including examining current challenges and delving into successful methods adopted by central and…
