Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Central GST & Excise Commissionerate at Surat in a bid to fulfil the revenue targets set for the current financial year has issued a critical direction to all Grade A & B officers. The office circular, 07.02.2024, follows the D.O. dated 18.01.2024 from the Chief Commissioner, Vadodara Zone. Important: Latest Official Updates Under GST […]
Punjab finance minister Harpal Singh Cheema availed that the tax revenue from goods and services tax (GST), excise, and value-added tax (VAT) in the 10 months of the fiscal year (FY) 2023-24 had crossed the figure of 30,000 crores with a 15.67% rise in GST and 10% growth in revenue from excise as compared to […]
For January 2024 GST collection has achieved the 2nd highest monthly collection. As per the finance ministry, the Year-on-year rise for the first 10 months was 11.6% but the growth in January arrived at 10.4%. The gross GST revenue obtained is Rs 1,72,129 crore in January 2024 showing a notable 10.4% year-on-year rise compared to […]
With the majority of initial challenges, such as online portal glitches, invoice matching issues, and delays in refunds, largely addressed and monthly revenue consistently exceeding Rs 1.6 lakh crore, experts suggest that the government is poised to advance the second-generation reforms in the GST. In the upcoming interim budget presentation on February 1, Finance Minister […]
Overview of TCS Refund Under GST The Goods and Services Tax (GST) system in India has undergone several revisions aimed at simplifying taxation and fostering economic growth. One notable change that has garnered considerable attention, particularly in the e-commerce sector, is the implementation of the Tax Collection at Source (TCS) provision. This article explores the […]
the National Restaurant Association of India appealed to the government to reinstate input tax credit for restaurants. Additionally, they recommended an increase in the GST rate existing 5% to 12% in anticipation of the upcoming Union Budget. In a letter addressed to Finance Minister Nirmala Sitharaman, the National Restaurant Association of India emphasized the need […]
With the increasing demand on the back of its cost-effective pricing alternatives as well as flexible work environment, the coworking industry has been gaining momentum. Notably, enterprises and corporations are redirecting their attention to coworking spaces, in line with the adoption of the hybrid work model to address their organizational requirements. The commercial real estate […]
In December, the combined GST revenue gathered by central and state governments amounted to ₹1.64 trillion, slightly under the average of ₹1.66 trillion per month for the year. However, this still marked a significant 10.3% increase compared to the previous year’s figures. In December 2022 nearly Rs 1.5 trillion is been collected by the Centre […]
Finance Minister Nirmala Sitharaman addressed Parliamentarians’ request to raise the GST registration sales threshold, stating that the GST Council can consider it. However, she emphasized that most small businesses should ideally be part of the GST framework. During her response on the Central Goods and Services Tax (Second Amendment) Bill, 2023 in Rajya Sabha, Sitharaman […]
