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The 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…
Union 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…
The Central Government released an amount of Rs. 17,000 crore to States/UTs on November 24, 2022 towards the balance GST compensation for the period April to June, 2022 (State-wise details as per Table below). The total amount of compensation released…
Income Tax Department initiated a Search & Seizure action on few groups engaged in the business of gold & diamond jewellery and real estate, on November 17, 2022. The searches were carried out at more than 30 premises spread over…
The Union Government released two instalments of tax devolution to State Governments amounting to Rs. 1,16,665 crore on November 10, 2022, as against normal monthly devolution of Rs.58,333 crore This is in line with the commitment of Government of India…
The Excise and Taxation Department, Government of Haryana had identified a list of 373 active registered taxpayers of State jurisdiction who had not filed FORM GSTR-3B up till March 2021. These taxpayers were liable to be cancelled under the provisions…
Vide 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…
Union 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…
Directorate 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…
The 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.…