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gst: GST collections surge to ₹1.72 lakh crore in January 2024, marking a 10.4% Y-o-Y growth

GST Collections: India's Goods and Services Tax (GST) revenue has witnessed a notable upswing, reaching ₹1.72 lakh crore in January 2024, marking a significant 10.4% Year-on-Year (Y-o-Y) growth. This accomplishment represents the second-highest monthly collection ever recorded and the third instance in the fiscal year 2023-24 where collections surpassed ₹1.70 lakh crore. The cumulative gross GST collection for the ten-month period from April 2023 to January 2024 demonstrates a robust 11.6% Y-o-Y growth, totaling ₹16.69 lakh crore.

Raj Kundra shares a screenshot of his chats with Shilpa Shetty; internet users cannot get over the reply | Hindi Movie News

Bollywood couple Shilpa Shetty and Raj Kundra shared their WhatsApp chat screenshots on Instagram, discussing their love. Shilpa asked Raj why he love

GST Collections: India's gross GST revenue in December falls to 3-month low despite on-year jump

GST: India's Goods and Services Tax (GST) revenue sustained an annual increase but registered a three-month low in December. The Finance Ministry disclosed that GST collections in December stood at Rs 1.65 lakh crore, marking a 10.28 percent rise from the previous year. However, this figure was lower than both November's Rs 1.68 lakh crore and October's Rs 1.72 lakh crore, which was the second-highest collection post the GST implementation.

GST collections for October up 13% to 1.72 lakh crore, second highest till date

In October, India's Goods and Services Tax (GST) collections rose 13% to Rs 1.72 lakh crore, the second-highest monthly collection this fiscal year. The strong performance was attributed to festive demand and a steady economic growth trajectory. This achievement marked the eighth consecutive month with collections surpassing Rs 1.5 lakh crore.

Do you have to pay GST on Gangajal? CBIC has this to say

The Central Board of Indirect Taxes and Customs has issued a clarification stating that no GST is imposed on Gangajal and other puja items

FICCI seeks zero-rating GST on healthcare services

Further, the room rent is usually a part of the package rate for a treatment, and taxing only one component of the package will create confusion and will lead to deconstructing of the packages, which is against the current practice being encouraged

GST Council Proposes An End To 5% Rate And Move It To 3% And 8% Tax Slab: Report

With most states on board to raise revenue so that they do not have to depend on Centre for compensation, the GST Council at its meeting next month is likely to consider a proposal to do away with the 5 per cent slab by moving some goods of mass consumption to 3 per cent and the remaining to 8 per cent categories, sources said.

GST Council May Consider Raising Lowest Slab To 8%, Rationalise Structure

GST council may look at raising the lowest tax slab to 8 per cent, from 5 per cent and prune the exemption list in the regime

India has wasted the potential of its large young population — Quartz India

The "demographic dividend" should have given India a competitive advantage, but instead millions of young people remain unemployable.

GST Council may deliver blow to food-delivery operators Swiggy, Zomato || சொமேட்டோ, ஸ்விக்கி நிறுவனங்களுக்கு ஜி.எஸ்.டி. வரி?