Central Gst News Today

​​Jaihind TV was recently in the news after the CBI issued a notice seeking details of the investments made in the channel by Karnataka Deputy Chief Minister D K Shivakumar in connection with a disproportionate assets case against the Congress leader. The channels Managing Director B S Shiju said the action of the tax authorities was completely unexpected, and that too while the case related to it was pending in the High Court.

The Gross GST collection rose by 10 per cent to over Rs 1.62 lakh crore in September. - Government Collects Rs 1.63 Lakh Crore GST In September, 10 Per Cent More Than Last Year

States like UP and West Bengal working to set up benches soon to ease this process

The collection for April stood at Rs 255 crore, Rs 6 crore up from Rs 249 crore collected during the same month in 2022.

Revenues for the month were 10.8 per cent higher than the GST revenues in the same month last year, the finance ministry said in a statement.

The Centre has transferred over Rs 3.09 lakh crore to states out of the Rs 10.21 lakh crore that are budgeted for the current fiscal year, according to Pankaj Chaudhary, the Minister of State for Finance. As a response to a question in the Lok Sabha, he explained that there is no pending payment in terms of the amount that needs to be devolved to states from the Centre. The 15th Finance Commission has recommended that states be given 41 per cent of the pool of Centres divisible tax during the pe...

The finance ministry has made amendments in the Central GST act specifying that businesses whose registration have been cancelled on or before December 31, 2022, and who have failed to apply for revocation of cancellation within the specified period can do so by June 30, 2023.

Central GST officials have arrested the director of the Rao IIT Academy for misappropriation of tuition fees collected through colleges and coaching classes amounting to Rs 14 crore. The academy is the same whose Sion-based college recently was derecognised by the state education department for running a ‘’ghost” college. mid-day, since November 2020, had reported hwo despite colleges exiting on paper, they didn’t exist in reality

The Madras High Court on Thursday dismissed a batch of petitions filed by music composer AR Rahman and others challenging notices issued by the Goods and Service Tax (GST) department demanding service tax.

It is the first crypto-related tax evasion investigation in India.