Delta Corp disclosed in a regulatory filing on 14 October that it has received further notifications concerning alleged Goods and Services Tax (GST) shortfalls, amounting to a total of Rs 6,384 crore. The claims within these notices are primarily calculated based on the overall wagering value of all games played during the relevant period. “The […]
The Goods and Services Tax (GST) Council last week said that it has decided not to impose a tax on Extra Neutral Alcohol (ENA) at the national level, however, it’s now up to the states whether to tax ENA or not. ENA is an important ingredient used in making alcoholic drinks for human consumption. The […]
The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from 1 October. This move comes with the consensus of all Indian states and follows the recent passage of amendments to […]
Hours after saying he was of the view that an additional GST must be imposed on the sale of diesel cars, Union Transport and Highways Minister Nitin Gadkari clarified that no such proposal currently under active consideration by the central government. “There is an urgent need to clarify media reports suggesting an additional 10 per cent […]
The gross Goods and Services Tax revenue collected in the month of August was Rs 159,069 crore, official data from the Ministry of Finance showed on Friday. The monthly revenue is 11 per cent higher than the collection the same month the previous year. Of the total collection, CGST was Rs 28,328 crore, SGST was […]
The Goods and Services Tax (GST) revenue collected in the month of July 2023 was worth Rs 165,105 crore, official data showed Tuesday. The GST revenues generated in July 2023 were 11 per cent higher than it was registered in the same month last year. Of the total GST collection in July, CGST was Rs […]
The Confederation of All India Traders (CAIT) urged finance minister Nirmala Sitharaman for a reduction in the goods and services Tax (GST) rate on beverages. Currently, beverages are subjected to a GST rate of 40 per cent, which includes GST plus Cess, significantly impacting the working capital of small retailers. B.C. Bhartia, CAIT National President […]
