Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Gross GST collections rose 9.1% year-on-year to Rs 1.89 lakh crore in September, about 1.5% higher than August, with net GST at Rs 1.60 lakh crore (5% y/y growth); gross domestic tax revenue grew 6.8% to Rs 1.36 lakh crore and import tax increased 15.6% to Rs 52,492 crore, while GST refunds jumped 40.1% to Rs 28,657 crore. Rate rationalisation reforms effective September 22, which cut rates on 375 items, are reflected in collections and appear to have boosted demand in the latter part of the month. Industry analysts noted that pre-cut anticipation and post-cut consumption effects largely balanced overall GST receipts.
Gross GST collections rose 9.1% year-on-year to Rs 1.89 lakh crore in September, about 1.5% higher than August, with net GST at Rs 1.60 lakh crore (5% y/y growth); gross domestic tax revenue grew 6.8% to Rs 1.36 lakh crore and import tax increased 15.6% to Rs 52,492 crore, while GST refunds jumped 40.1% to Rs 28,657 crore. Rate rationalisation reforms effective September 22, which cut rates on 375 items, are reflected in collections and appear to have boosted demand in the latter part of the month. Industry analysts noted that pre-cut anticipation and post-cut consumption effects largely balanced overall GST receipts.
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