Tag: goods and services tax
GST evasion of ₹30,000 crore unearthed
A nationwide crackdown by the Goods and Services Tax authorities uncovered tax evasion to the tune of ₹30,000 crore, allegedly carried out via stolen identities…
GST kitty swells, factory activity hits 31-month high
Data released Thursday indicated India’s sustained economic momentum at the start of the new fiscal year, with goods and services tax (GST) collection growing at…
gst: Centre, state tax officers launch special drive to identify fake GST registration, curb evasion
With GST evasion crossing over Rs 1 lakh crore in 2022-23, Centre and state tax officers have initiated a two-month long special drive to identify…
E-invoicing mandatory from August for B2B supplies by firms with ₹5 cr turnover
The government has made it mandatory for small firms with annual turnover of ₹5 crore or more to issue e-invoices for business-to-business supplies from August…
gst: Government gives time till May 31 for Goods Transport Agencies to opt for GST payment
The government has extended the deadline to May 31 for Goods Transport Agencies to exercise the option of paying GST on forward charge basis for…
directorate general of gst intelligence: GST evasion detection nearly doubles to Rs 1.01 lakh cr in FY23
GST evasion detection by tax officers almost doubled year-on-year to over Rs 1.01 lakh crore in the just concluded 2022-23 fiscal, an official said. During…
gst: Businesses can revoke cancelled GST registration by June 30
New Delhi: Businesses whose Goods and Services Tax (GST) registrations were cancelled before December 31 for non-filing of returns can apply for revocation of the…
GST penalty: Businesses can apply for revocation of GST registration cancellation by June 30 after paying taxes, penalty
The government has allowed businesses, whose GST registrations were cancelled for non-filing of returns, to apply for revocation of the cancellation by June 30, after…
gst collection: GST mop-up in March at Rs 1.60 lakh cr 2nd highest ever; FY23 collections stand at Rs 18.10 lakh cr – The Economic Times Video
GST collections in March grew 13 per cent to the second highest ever at Rs 1.60 lakh crore, taking the growth rate of revenue mop-up…
India’s March GST collection rises to second-highest Rs 1.60 lakh crore
India’s gross collection from Goods and Services Tax rose 13% from a year earlier to Rs 1,60,122 crore, registering second highest collection since implementation of…