According to the information given in Parliament on Tuesday, gross GST revenue collection from BCCI during FY 2022-23 and FY 2023-24 was Rs 2,038.55 crore.
On August 3, 2024, the Kerala GST Department issued Trade Circular No. 14/2024-Kerala GST, announcing the implementation of new software for filing returns and payment of taxes under legacy acts.
During a lively Question Hour session in Parliament, Tamil Nadu MP D. Ravikumar raised a critical issue regarding the continuation of the GST compensation cess, even though direct payments to states have ceased.
In the fiscal year 2023-24, the Indian government has collected Rs 8,263 crore as GST on health insurance premiums, as informed by the Minister of State for Finance, Pankaj Chaudhary, in Parliament on Monday.
Indian corporates are currently navigating a complex landscape of GST compliance, particularly concerning self-invoicing and the reverse charge mechanism (RCM) for services received from foreign entities.
In a significant move that could avert a potentially damaging tax litigation, the central government is likely to accept Infosys Ltd.’s plea that GST does not apply to the services the company avails from its offshore branch offices.
IntroductionThe Central Board of Indirect Taxation and Customs (CBIC) has directed field authorities to adhere to its June 26 circular when evaluating issues concerning the related party import of services by local firms.
GSTN team is working on the changes announced by GST Council in respect of GSTR 8
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Jammu & Kashmir and West Bengal
Gross and Net GST Revenue Collections for the month of July 2024
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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