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CGST, Central Excise teams detect GST evasion to tune of Rs 10.14 cr

the hitavada state bureauraipur/rajnandgaon, in another crackdown against the tax evaders, a joint team of officials from raipur and bilaspur division of fake invoice and prosecution cell of central goods & services tax ( ....

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Taxing GST on deposits will wipe out 80% of online gaming industry

As the 51st GST Council meeting stayed firm on taxing online gaming at 28 per cent on gross value collected, industry players on Thursday once again criticised the decision ....

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Centre devolves Rs 3.09 lakh cr to states till July

The Centre has transferred over Rs 3.09 lakh crore to states out of the Rs 10.21 lakh crore that are budgeted for the current fiscal year, according to Pankaj Chaudhary, the Minister of State for Finance. As a response to a question in the Lok Sabha, he explained that there is no pending payment in terms of the amount that needs to be devolved to states from the Centre. The 15th Finance Commission has recommended that states be given 41 per cent of the pool of Centre s divisible tax during the period of 2021-22 to 2025-26. ....

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Govt can support exporters by addressing existing gaps, ambiguity in GST regulations

Experts suggested that it is important the government bring some clarity whether exporters will have to pay GST on reverse charge mechanism with respect to bank charges which have been deducted by overseas bank, when importer remits the sales proceeds. ....

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GST Day 2023: Six Years And Counting For 'One Nation, One Tax' Regime in India, Know History and Significance Of The Day Celebrating Implementation of Goods and Services Tax

With an aim of bringing the entire nation under the single taxation system, the Narendra Modi-led government introduced the Goods and Services Tax (GST) on July 1, 2017, during a ceremony held in parliament at midnight on June 30. GST Day 2023: Six Years And Counting For One Nation, One Tax Regime in India, Know History and Significance Of The Day Celebrating Implementation of Goods and Services Tax. ....

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