ICICI Lombard gets ₹1,729 cr tax demand from GST Intelligence; stock dips 1.7%
Tax demand pertains to "non-payment of GST” on co-insurance premium and re-insurance commission
goods and services tax
September 2023
August 2023
July 2023
May 2023
GST revenue jumps 11% to ₹1.59 lakh cr in August
Govt's GST collection in August declines from ₹1,65,105 crore in July 2023
FM to table CGST, IGST amendment bills today to tax online games at 28%
The amendments aim to provide enabling provisions to tax online games at 28%.
GST sees large number of cases being filed for input tax evasion: Finance Ministry
₹2,68,537 crore worth of evasion of GST has been found between 2020-21 and 2022-23
GST Council okays uniform tax on utility vehicles
The GST Council decided that all utility vehicles, by whatever name they are called, will attract 22% compensation cess.
GST Council recommends 28% tax rate for online gaming
The new tax rate will be applicable on the full value of the bets placed in online gaming
States borrowings increased 5.34% in 2022-23
Among the ten identified states, Andhra Pradesh, Bihar, Rajasthan, and Punjab exceeded both debt and fiscal deficit targets for 2020-21 set by the 15th Finance Commission.
SGST revenue of 6 biggest states up 19% in FY23
Maharashtra has seen the maximum growth in SGST collection followed by Uttar Pradesh.
GST e-invoicing threshold lowered to ₹5 crore
Businesses with a turnover of ₹5 crore or more will be required to switch to e-invoicing from August 1, 2023
GST revenue at record high of ₹1.87 lakh cr in April
The gross GST revenue collected in the month of April, 2023 stood at ₹1,87,035 crore.
