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The Union Government has released the 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore today, as against the normal monthly devolution of ₹70,159 crore. This is in line with the commitment of the Government of India…
The provisional figures of Direct Tax collections up to 10th March, 2023 continue to register steady growth. Direct Tax collections up to 10th March, 2023 show that gross collections are at Rs. 16.68 lakh crore which is 22.58% higher than…
The gross GST revenue collected in the month of February 2023 is ₹1,49,577 crore of which CGST is ₹27,662 crore, SGST is ₹34,915 crore, IGST is ₹75,069 crore (including ₹35,689 crore collected on import of goods) and Cess is ₹11,931…
The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. Recommendations on GST compensation, Appellate Tribunal, GST rate etc were made by the Council.
The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 vide Notifications No. 04 dated February 10, 2023 & Notifications No. 05 of 2023 dated February 14, 2023. These ITR forms…
The provisional figures of Direct Tax collections up to 10th February, 2023 continue to register steady growth. Direct Tax collections up to 10th February, 2023 show that gross collections are at Rs. 15.67 lakh crore which is 24.09% higher than…
The provisional figures of Direct Tax collections up to January 10, 2023 continue to register steady growth. Direct Tax collections up to January 10, 2023 show that gross collections are at Rs. 14.71 lakh crore which is 24.58% higher than…
The gross GST revenue collected during December 2022 is Rs 1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs 33,357 crore, IGST is Rs 78,434 crore (including Rs 40,263 crore collected on import of goods) and Cess…
PRESS RELEASE dated 17th December, 2022 The 48th Meeting of the GST Council was held on 17th December, 2022 through Video Conference, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. Tax rates 1. The…
Taking a major step to boost exports, Centre on December 07, 2022 further expanded the scope of the RoDTEP Scheme (Remission of Duties and Taxes on Exported Products) by including the exports made from the Chemical sector, Pharmaceuticals sector and…