Budget 2024: EV industry proposes GST cut on lithium-ion batteries
India Energy Storage Alliance (IESA) urges the government to reduce GST on lithium-ion batteries to 5%.
India Energy Storage Alliance (IESA) urges the government to reduce GST on lithium-ion batteries to 5%.
This is the fourth time the gross GST collection has crossed the 1.60 lakh crore mark in the financial year 2023-24.
Tax demand pertains to "non-payment of GST” on co-insurance premium and re-insurance commission
Govt's GST collection in August declines from ₹1,65,105 crore in July 2023
The amendments aim to provide enabling provisions to tax online games at 28%.
₹2,68,537 crore worth of evasion of GST has been found between 2020-21 and 2022-23
The GST Council decided that all utility vehicles, by whatever name they are called, will attract 22% compensation cess.
The new tax rate will be applicable on the full value of the bets placed in online gaming
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.
Maharashtra has seen the maximum growth in SGST collection followed by Uttar Pradesh.