₹1,45,867 crore gross GST revenue collected for November 2022, records increase of 11% Year-on-Year

8 ViewsThe gross GST revenue collected in the month of November 2022 is ₹1,45,867 crore of which CGST is ₹25,681 crore, SGST is ₹32,651 crore, IGST is ₹77,103 crore (including ₹38,635 crore collected on import of goods) and Cess is ₹10,433 crore (including ₹817 crore collected on import of goods) The government has settled ₹33,997 […]

Union Finance Minister concludes pre-Budget meetings for forthcoming Union Budget 2023-24

16 ViewsUnion Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for Budget 2023-24 held in virtual mode from 21st to 28th November, 2022. The pre-budget meeting were concluded here today. More than 110 invitees representing 7 stakeholder groups participated in 8 meetings scheduled during this period. The stakeholder groups […]

Press Release dated 04.10.2022 regarding time limit for certain compliances pursuant to issuance of Notification No. 18/2022-Central Tax dated 28.09.2022

132 ViewsVide Notification No. 18/2022-Central Tax dated 28.09.2022, the Central Government has appointed 01.10.2022 as the date on which the provisions of sections 100 to 114, except clause (c) of section 110 and section 111, of the Finance Act, 2022 shall come into force. 2. Thereby, the time limit for the following compliances in respect […]

7 new PLI schemes just approved; MSMEs are real beneficiaries of PLI scheme: Piyush Goyal

72 ViewsUnion Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal announced that 7 new PLI schemes that are not part of the original program had just been approved and reiterated the Government’s commitment to promote manufacturing in India. He was addressing IIM Ahmedabad’s Red Brick Summit 2022 […]

DGGI Mumbai Zonal Unit detects GST fraud

76 ViewsDirectorate General of GST Intelligence, Mumbai Zonal Unit initiated investigations against sixteen insurance companies on the issue of availment of ineligible input tax credit. During the course of investigations, it has come to notice that these insurance companies have availed input tax credit on the basis of invoices issued by several intermediaries for providing […]

GST revenue collected in the month of September 2022

67 ViewsThe gross GST revenue collected in the month of September 2022 is Rs. 1,47,686 crore of which CGST is Rs.25,271 crore, SGST is Rs. 31,813 crore, IGST is Rs. 80,464crore (including Rs. 41,215 crore collected on import of goods) and Cess is Rs. 10,137 crore (including Rs. 856 crore collected on import of goods). The government has settled Rs. 31,880 crore […]

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