Robust Growth: GST Collections Surge 12% to Reach Rs 14.97 Lakh Crore in April-Dec
Anurima Das -
The cumulative gross GST collection for April-December 2023 now stands at Rs 14.97 lakh crore, reflecting a robust 12% growth compared to the corresponding period in the previous year.
GST notices worth Rs 1 lakh crore issued to online gaming firms
Last week, Delta Corp received a GST notice for short payment of tax to the tune of Rs 6,384 crore which came close on the heels of a Rs 16,800 crore tax notice sent to the company in September.
GST authority detects fake input tax claims worth Rs 14k crore in FY23-24
As many as 91 fraudsters have been apprehended in connection with these cases.
GST on e-gaming firms not retrospective, Centre tells dissenting states
Certain states during the GST Council meeting on October 7 are reported to have flagged the issue of retrospectively imposing GST on online gaming companies, according to Maharashtra minister Deepak Vasant Kesarkar.
GST panel refuses to cut tax rate on batteries for EVs
According to sources, the reason for not reducing the levy is that apart from electric vehicles, lithium-ion batteries are also used in multiple other products including mobile phones and portable electronic goods.
GST collections rise 2.2% to stand at Rs 1,62,712 crore in September
Out of the Rs 1,62,712 crore GST collections for September, CGST was Rs 29,818 crore, SGST was Rs 37,657 crore, IGST was Rs 83,623 crore (including Rs 41,145 crore collected on import of goods) and cess was Rs 11,613 crore (including Rs 881 crore collected on import of goods).
28% GST on online gaming, casinos & horse racing from Oct 1: CBIC chief
“We are fully prepared to bring it into effect from October 1. As per the decision taken in the last meeting of the GST council, the related notifications are under process,” the CBIC chairman told media persons.