Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
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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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