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India's Goods and Services Tax revenue rose 11% on year to Rs 1.65 lakh crore and was also higher than June's Rs 1.61 lakh crore. Of the total collections, Central GST is Rs 29,773 crore, State GST is Rs 37,623 crore, and Integrated GST is Rs 85,930 crore including Rs 41,239 crore collected on import of goods.
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Taxpayers who have paid GST on 'Ocean Freight' on imported goods will be entitled to claim refunds, following the Supreme Court verdict
Central Board of Indirect Taxes and Customs (CBIC) issued duty drawback and GST refunds of Rs 1.75 lakh crore to exporters in 2021-22
The top court allowed the government's plea against the issuance of refund, setting aside Delhi High Court's relief to the telco.