Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Finance Minister Atishi stated the plan of the state to strengthen its Goods and Services Tax (GST) administration, aiming for a faceless system. “In the fiscal year 2023-24, the tax collection for GST and VAT until January 2024 witnessed a growth of 13.96 per cent, compared to the previous year (until January 2023), reaching Rs […]
As per the experts the Gross Gross Goods and Services Tax (GST) revenue collected for February 2024 is Rs 1.68 lakh crore, standing a 12.5% rise compared to the identical month in 2023 which depicts the strength of the Indian economy and a powerful consumption level. “A robust 12.5 per cent growth in overall GST […]
Payments on the Goods and Services Tax (GST) Portal using IndusInd Bank Account credentials have been enabled by the Goods and Services Tax Network ( GSTN ). The Goods and Services Tax ( GST ) portal on January 5, 2024, was enabled with an updated feature. Through the mode of debit or credit card via […]
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 […]
