Tag: CGST

In fresh high, gross GST revenues shoot past ₹2.1 lakh crore in April

May 1, 2024 admin

Revenues from domestic transactions grew 13.4%, the Finance Ministry said, while goods imports yielded an 8.3% uptick in the indirect tax collection. File | Photo Credit: K.V.S. Giri Year-end compliances lifted India’s gross Goods and Services Tax (GST) revenues past a record ₹2.1 lakh crore in April, reflecting a 12.4% growth over the previous record…

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Zomato gets ₹11.82 crore tax demand notice

April 20, 2024 admin

Zomato said it will be filing an appeal against the tax demand order before the appropriate authority. File (representational image) | Photo Credit: Reuters Online food delivery platform Zomato has received a tax demand and penalty order of ₹11.82 crore related to GST on export services provided to its subsidiaries located outside India from July…

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GST revenues register three-month high in July

August 1, 2023 admin

Image used for representational purposes only. | Photo Credit: Special Arrangement India’s gross revenues from the Goods and Services Tax (GST) hit a three-month high to cross ₹1.65 lakh crore in July. However, at 10.8%, it was the slowest uptick in collections since July 2021 compared to revenues from the same month last year. Revenues…

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Centre devolves ₹3.09 lakh crore to States till July

July 25, 2023 admin

The 15th Finance Commission has recommended that States be given 41% of the divisible tax pool of the Centre. File. | Photo Credit: Reuters The Centre has devolved over ₹3.09 lakh crore to States till July of the ₹10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State for Finance Pankaj…

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