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GST Revenue Collection Posts Highest Growth Rate Of 15% YoY In November To Rs 1,67,929 lakh crore

Indian government achieved gross GST revenue collection of Rs 1,67,929 crore crore in November 2023. This would be the sixth time GST revenue collection has crossed the Rs 1.6 lakh crore mark. The revenues for November 2023 are 15% higher than ...

28% GST On Online Gaming Companies To Come Into Effect From October 1

The much debated 28% Goods and Services Tax (GST) on online gaming companies will be effective starting October 1. The e-gaming industry had been lobbying with the government to defer the new rule for some time to ensure that their internal ...

Facebook, Google, X, And Others May Have To Pay IGST Up To 18% From October 1: Report

Big tech giants including Facebook, X, Google, and several edtech firms can likely face integrated goods and services tax (IGST) up to 18% on services provided to the Indian government and individuals within the country. According to a notification by the ...

HDFC Bank To Start, Online Customs Duty Payment Facility For Customers

HDFC Bank's integration with Central Board of Indirect Taxes and Customs (CBIC) ICEGATE platform has gone live, allowing customers to pay for their customs duty directly via the bank. With this, the bank will offer customers the convenience of directly paying ...

Import Of Covid-Related Relief Items To Be Exempt From IGST

Import of Covid-Related Relief items will be exempt from IGST, including for the import of medicine used for treating black fungus, the Finance Minister said today post the meeting of the GST Council. Any import of Covid-related relief items, even if ...

IGST, Cess Relief Extended By 6 Months for IT Parks & Export Units

The ministry of finance has extended the exemption on IGST (Integrated Goods and Service Tax) and cess to Export Oriented Units and Software Technology Parks in India by six months to 31 March 2019. It was earlier scheduled to end on ...

Customs Duty And IGST Waiver For Goods Supplied For Kerala Floods

To aid further relief to the flood-stricken Kerala, the interim finance minister made a call to charge no IGST or integrated goods and services tax plus customs duty on goods supplied ot imported to Kerala as part of restoration operation in ...

GST Revenue For The October Month Lowest Since Its Implementation

For the October month, the exchequer accounted for the GST collection for the October month which was the lowest at Rs. 83.34K crore. This was a huge Rs. 10k crore shortfall in comparison to the average collection in the last ...

For September GST Collections GST At Rs.92,150 Crore

Today the finance minister waived fees for the late filing of returns under GST ie. GSTR 3B for the August and September month. Closely after that the government reported collection of Rs92,150 crore in goods and service tax or GST ...

GST Exporter Refunds Deposit In Account Notified With Customs

So far exporters made an outcry due to the disadvantage they were landed in due to the implementation of GST. But considering their demands and the loss the sector had suffered, the government is fast gearing to rule out the ...

Domestic Airfares To Get Pricey As GST To Impact Operation Costs Heavily

The already struggling airline industry with the implementation of GST is confronting issues on the cost front and it is expected that flyers will have to dole out additional money in the near term towards fare cost. The new ...

Come October 1, Companies Need To Declare Loan Defaults: SEBI

October 1 is the date when the new rule of SEBI shall become applicable as per which companies need to declare their loan defaults to banks in a day. But as October 1 and October 2 are trading holidays, the ...

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