online gaming

Photo: Money Control

Implementation Of 28% GST On Online Gaming From Oct 1

The Government of India announced GST of 28% on Online Gaming. The tax is expected to be implemented, in effect from Oct 1. The GST Council's decision to levy 28% GST on real-money gaming came during a financial meeting, held earlier in August. The new implementation will be reviewed six months after it comes into effect, the Council decided in its meeting.

Thu, 28 Sep 2023 - 04:58 PM / by Varsha Joshi

Tags: GST, online gaming, 28% Tax, GoI, business


Photo: The Free Press Journal

Finance Minister Nirmala Sitharaman Urges Strengthening of GST Registration Process

During a review meeting with revenue secretary Sanjay Malhotra and CBIC chairman Vivek Johri, Union FM Nirmala Sitharaman emphasized the need for a nationwide campaign to raise awareness about the drive against fake entities. On June 17, the FM  was informed that 11,140 fraudulent registrations had already been identified, with appropriate action initiated against them. Measures such as OTP-based verification of Aadhaar and pilot programs for… read-more

Sat, 17 Jun 2023 - 07:09 PM / by Taniya Thappa

Tags: GST, Nirmala Sitharaman

Courtesy: The Times of India

Milk Packet Protest

Photo: Free Press Journal

Opposition Stages Protest Against GST Rates Hike, Brings Milk & Curd Packets To Parliament

Lok Sabha proceedings were adjourned till 4 pm on July 20, since opposition brought milk and curd packets to protest against the increased prices and GST rates on household items. The protest was staged outside parliament, near the Mahatma Gandhi statue, and within both the houses. Notably, Rajya Sabha proceedings were also postponed till 2 pm. Further details are awaited.

Wed, 20 Jul 2022 - 05:05 PM / by Shibu Immanuel S

Tags: GST, Household Items, lok sabha, rajya sabha, Parliament Protest

Courtesy: Hindustan Times

BJP MP Varun Gandhi

Photo: Hindustan

BJP MP Varun Gandhi Criticises Govt For Charging GST On Packaged Food Products

BJP MP Varun Gandhi slammed Prime Minister Narendra Modi's proposal to levy GST on packaged food goods including milk, curd, and rice, saying it will "hurt people." From July 18, 5% Goods and Services Tax (GST) was levied on pre-packaged and labeled-food commodities such as cereals, lentils, and flour weighing less than 25 kg. "This decision taken amid record-breaking unemployment will put more financial burden on middle-class families,"… read-more

Tue, 19 Jul 2022 - 01:17 PM / by Vidhi Jhunjhunwala

Tags: BJP, Varun Gandhi, GST, packaged food items, Centre

Courtesy: Zee news


Photo: TheFactNews

Reduce Medicine GST, Make Indigenous Vaccines Available In India, Advises Parliamentary Panel

A parliamentary panel proposed lowering the Goods and Services Tax (GST) on pharmaceuticals and making indigenous vaccinations available for the treatment of cancer patients in India on June 28. Officers from the Ministry of Health and Family Welfare were there to address the crucial problem of accessible cancer treatment in India. According to the Ministry of Health, only six of India's 22 AIIMS had cancer treatment facilities. 

Tue, 28 Jun 2022 - 05:44 PM / by Vidhi Jhunjhunwala

Tags: GST, Drugs, Cancer, treatment, Ministry of health

Courtesy: Zee News


Photo: Hindustan Times

GST Collection For May Stands At Rs 1,40,885 Crore With 44% Hike

Government data revealed that Rs 1,40,885 crore has been received as gross revenue collection from Goods and Services Tax (GST) for the month of May, 2022. Of this, CGST is Rs 25,036 crore, SGST is Rs 32,001 crore, IGST is Rs 73,345 crore and cess is Rs 10,502 crore. This is the third consecutive month, in which GST collection exceeded the Rs 1.4 lakh crore mark. 

Wed, 01 Jun 2022 - 06:45 PM / by Shibu Immanuel S

Tags: GST, GST collection, Tax income, CGST, SGST

Courtesy: ANI


Photo: Hindustan Times

SC Declares GST Council Proposals Not Obligatory On Union Government, States

Supreme Court (SC) declared that the Goods and Services Tax (GST) Council's decisions are not binding on the Union government or states on May 19, but have significant value because India has a cooperative federal system. The decision was made by Justices DY Chandrachud, Surya Kant, and Vikram Nath. SC affirmed a Gujarat HC decision to reject the imposition of Integrated GST on importers of ocean freight under reverse charge.  

Thu, 19 May 2022 - 07:29 PM / by Vidhi Jhunjhunwala

Tags: GST, Union government, Supreme Court, India, IGST

Courtesy: The News Minute

Tamilisai Soundararajan

Photo: The New Indian Express

Puducherry Makes Rs 600 Crore Revenue From GST In 2022: Lt Governor Soundararajan

The Union Territory of Puducherry has yielded Rs 600 crore this year, as way of GST (Goods and Services Tax), said Lieutenant Governor Tamilisai Soundararajan, on May 10. Reportedly, this is the highest revenue Puducherry has ever made by way of GST. Furthermore, she stated that over 8,000 enterprises contributed to the revenue. She then praised the GST department for their development. 

Tue, 10 May 2022 - 04:51 PM / by Shibu Immanuel S

Tags: Puducherry, Pondicherry, Union Territory, GST, Tax Revenue


Photo: Hindustan Times

India's Gross GST Crosses Rs 1.5 Lakh crore In April For 1st Time

The Central Government revealed the GST revenues of April 2022, 20% higher than 2021 April, and gross CST collection at Rs 1,67,540 crores.  Of the CST, CGST is Rs 33,153 crore; SGST Rs 41,41,793 crore; IGST Rs 81,939 crore. Furthermore, this is the first time that Gross-GST has crossed Rs 1.5 lakh crores. Moreover, the government has settled Rs 33,423 crore to CGST and Rs 26,962 crore to SGST.

Sun, 01 May 2022 - 07:10 PM / by SARANNYA ACHARYA

Tags: GST, CGST, SGST, IGST, Gross GST Collection in April

Petrol Pump

Photo: Bloomberg

Centre Happy To Bring Fuel Under GST, If States Support: Hardeep Puri

Petroleum and Natural Gas Minister Hardeep Puri has said that the Central Government would be happy to bring petroleum and diesel under GST, but that the states are not willing. Puri insisted that the government is taking responsibility, and suggested that the states should also try, and cut down the value-added taxes on fuel. He also chalked up the oil price hike to the Russia-Ukraine conflict.

Sat, 30 Apr 2022 - 10:48 AM / by Varun Das

Tags: Fuel, Inflation, tax, GST, Centre

Courtesy: ANI