Goods And Services Tax

GST grows 12% to over Rs 1.61 lakh crore in June – Times of India

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[ad_1] NEW DELHI: The gross Goods and Services Tax (GST) revenue collected in June 2023 was ₹1,61,497 crore, 12% higher than in the same month last year, according to data released by the finance ministry on Saturday.Out of the gross GST collected, Central Goods and Services Tax (CGST) comprised ₹31,013 crore, State Goods and Services … Read more

GST Evasion Worth ₹30,000 Crore Across 16 States Busted – News18

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[ad_1] Officials found 16,000 fraudulent GST registrations. Initially, the Gujarat state GST officials discovered a scam involving counterfeit invoices that utilised stolen identities in Bhavnagar and Surat. A recent extensive operation by the Goods and Services Tax (GST) authorities has revealed tax evasion amounting to ₹30,000 crore. The evasion is said to have been facilitated … Read more

GSTN Defers By 3 Months Implementation Of E-invoice Reporting Time Limit

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[ad_1] New Delhi: GSTN has deferred by 3 months the implementation of time limit for businesses with turnover of over Rs 100 crore to upload their old e-invoices. Last month the GST Network had imposed a timeline for businesses with turnover of Rs 100 crore and above for uploading e-invoices on the Invoice Registration Portal … Read more

New GST Rule From 1 May 2023, Biz With Over Rs 100 Cr Turnover Must Know This

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[ad_1] New Delhi: Businesses with turnover of Rs 100 crore and above will have to upload their electronic invoices on IRP within 7 days of the issue of such invoice with effect from May 1, GST Network has said. Currently, businesses upload such invoices on Invoice Registration Portal (IRP) on the current date, irrespective … Read more

GST Collection In March Rises To Over Rs 1.60 Lakh Crore

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[ad_1] New Delhi: Recording growth, the gross GST revenue in March rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year. “The Gross GST revenue of Rs 1,60,122 crore comprise CGST of Rs 29,546 crore, SGST of Rs 37,314 crore, IGST of Rs 82,907 crore (including Rs 42,503 crore collected on … Read more

https://www.news18.com/business/tax/GST Collections In March 2023 Jump 13% YoY To Rs 1.60 Lakh Crore; Second-Highest Revenue Ever

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[ad_1] March 2023 also witnessed the highest IGST collection ever. It is for the fourth time in the current financial year that the gross GST collection has crossed the Rs 1.5 lakh crore mark GST collections in March 2023 rose 13 per cent year-on-year to Rs 1.60 lakh crore, according to the latest data from … Read more