GST Cut May Cause Rs 1.5 Lakh Crore Revenue Hit, Warns CLSA
According to Nikhil Gupta, India Economist at CLSA, a goods and services tax (GST) cut could result in an annual revenue loss of approximately Rs...
Tag : goods and services tax (GST)
GST Collections Hit Record Rs 2.37 Lakh Crore in April, Up 12.6%
India’s GST collections hit a record high of Rs 2.37 lakh crore in April, rising 12.6% year-over-year. In April 2024, GST mop-up stood at Rs...
GoM Meeting in Goa, no Consensus on GST Proposals for Real Estate Sector
A meeting of the Group of Ministers (GoM) in Goa, held on Tuesday, discussed proposals regarding the goods and services tax (GST) for the real...
Government Flagged 67,970 Suspicious GST Registrations, Detected Rs 10,179 crore Tax Evasion
Authorities have refined the risk parameters to target potential fraud more effectively, building on insights from a similar drive last year. 59% of the identified...
Unlocking Insights to the New GST Rate 2025 and Indian Tax Updates
Introduction To GST Rate The much-anticipated 55th GST Council meeting took place on 21st December 2024 in Jaisalmer, Rajasthan, bringing together key decision-makers from across...
Shares of Yes Bank Jumped 7% over a Rs 150 Crore Receipt from NPA Portfolio sale
Shares of Yes Bank surged over 7% on January 1 after the private lender announced receiving Rs 150 crore from a single trust in its...
Shares of Kotak Mahindra Bank, ICICI Bank slip over GST Demand Notices
ICICI Bank Ltd and Kotak Mahindra Bank Ltd saw their shares fall on Friday, a day after the Goods and Services Tax (GST) Department issued...
Dabur Receives Rs 320.6 Crore GST Tax Demand Notice from Gurugram Directorate General
FMCG major Dabur India received a notice for intimation of Goods and Services Tax (GST) unpaid amounting to Rs. 320.6 crore, along with interest and...
Govt has Given Time till May 31 to Goods Transport Agencies to Opt for GST Payment
The government has extended the deadline for goods transport agencies to May 31 to exercise their option to pay GST on top of the current...
GST Not Applicable on Transfer of Jaipur International Airport Business to Adani Group
The transfer of Jaipur International Airport operations by the Airports Authority of India (AAI) to Adani Group is exempt from Goods and Services Tax (GST),...