Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    Recommendations of 48th GST Council Meeting
    Advisory regarding extension of due date for furnishing form GSTR-1 for certain districts of Tamil Nadu
    ₹1,45,867 crore gross GST revenue collected for November 2022, records increase of 11% Year-on-Year
    Webinar on ‘Filing of an Appeal by Taxpayers on GST Portal’
    Centre releases Rs. 17,000 crore of GST compensation to States/UTs
    Compendium of GST Brochures (updated as on November, 2022)
    ₹1,51,718 crore gross GST revenue collected for October 2022
    Advisory on Filing TRAN forms for Taxpayers from Daman and Diu & Ladakh
    Advisory on sequential filing of GSTR-1
    Authority regarding action consequential to issuance of Show Cause Notice and for issuance of recurring SCN in case of an enforcement action initiated...
    Anti-Evasion Team of Faridabad CGST officials “Green warriors” bust racket of illegal fire-crackers with 21 godowns, seize almost Rs 51 lakh
    Module wise new functionalities deployed on the GST Portal for taxpayers
    Delhi's GST collection in 2nd quarter of FY 2022-23 dips by over 6 pc
    Advisory on Filing TRAN-1/2 Forms to claim Transitional Credit
    ₹1,47,686 crore gross GST revenue collected in the month of September 2022
    GST revenue in September likely at Rs 1.45 lakh Cr
    Module wise new functionalities deployed on the GST Portal for taxpayers
    Supreme Court allows 4 weeks extension to open common portal for Tran 1 & Tran 2
    Changes in Table 4 of GSTR 3B - Reporting of ITC availment, reversal and Ineligible ITC
    ₹ 1,43,612 crore gross GST revenue collected in the month of August 2022
❯❯
MaximizeMaximizeMaximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

    +

    Are you sure you want to delete "My most important" ?

    NOTE:

    News
    Showing Results for :
    Reset Filters
    Results Found:
    Show All SummariesHide All Summaries
    December 17, 2022
    Show AI Summary
    Decriminalisation under GST: prosecution thresholds raised and compounding amounts reduced, with select offences decriminalised.
    The Council recommended decriminalisation measures under GST by raising the minimum tax threshold for prosecution, decriminalising specified offences (obstruction, tampering with evidence, failure to supply information) and reducing compounding amounts; inserting Rule 37A and amending Rule 37 to prescribe reversal and re availment mechanisms for input tax credit; enabling unregistered suppliers and composition taxpayers to supply via e commerce operators with reporting and portal reconciliation changes; and introducing registration authentication and return filing time limits, to be implemented via circulars, notifications and law amendments.
    December 15, 2022
    Show AI Summary
    Extension of GSTR-1 due date: ITC may not appear in GSTR-2B; rely on GSTR-2A for credit.
    Extension of the due date for furnishing Form GSTR-1 is granted for specified Tamil Nadu districts, moving the deadline from the 11th to the 13th of December. Because the notification was issued after the original due date, invoices filed during the extended period will not populate in the GSTR-2B for the subsequent month; taxpayers should therefore take Input Tax Credit (ITC) on the basis of GSTR-2A.
    December 1, 2022
    Show AI Summary
    GST revenue growth signals higher monthly receipts and IGST settlements with compensation transfers to states.
    Gross Goods and Services Tax (GST) revenue for November 2022 was Rs.1,45,867 crore, an 11% year on year increase. Collections comprised CGST Rs.25,681 crore, SGST Rs.32,651 crore, IGST Rs.77,103 crore (including Rs.38,635 crore from import of goods) and Cess Rs.10,433 crore. Revenues from import of goods rose 20% and domestic transactions (including import of services) rose 8% versus the same month last year. The Government completed IGST regular settlements-transferring Rs.33,997 crore to CGST and Rs.28,538 crore to SGST-and the Centre released Rs.17,000 crore as GST compensation to States/UTs.
    November 26, 2022
    Show AI Summary
    Filing of an appeal on the GST portal: webinar guidance on procedural steps, portal navigation and live query support.
    The announcement publicises webinars instructing taxpayers on filing an appeal on the GST portal, covering procedural steps, portal navigation and live query responses by GSTN panelists. Sessions will be delivered in multiple specified languages by GSTN officials and recordings will be made available on GSTN's online channel for later viewing to assist compliance and correct electronic appeal filing.
    November 25, 2022
    Show AI Summary
    GST compensation funding: central government covered cess shortfall and advanced state payouts to support fiscal management.
    The Central Government released Rs. 17,000 crore to States/UTs as the balance GST compensation for April-June 2022, meeting the shortfall from central resources because cess collections were insufficient, and has advanced the estimated cess receipts available for the year to ensure timely state compensation payments and support state fiscal management and capital expenditure.
    November 24, 2022
    Show AI Summary
    GST updates: input tax credit mechanisms, refunds, adjudication time limits, e invoicing thresholds, composition and QRMP reliefs.
    GST is a destination based tax on supply with a seamless input tax credit system, zero rating for exports, and IGST for inter State supplies; it establishes online registration, returns, e invoicing and reconciliation. Procedural rules cover refunds (60 day disposal, special inverted rate formula, pandemic exclusion from limitation), a sunset clause for adjudication (3/5 years), Advance Ruling with appeal rights, and interest limited to ITC both availed and utilised. Simplified regimes for small taxpayers include Composition Levy and QRMP, rationalised late fees, phased e invoicing thresholds, e Way Bill controls, and reward guidelines for informers.
    November 1, 2022
    Show AI Summary
    Gross GST revenue collection remains elevated, recording the second-highest month and sustaining strong monthly and state-wise growth.
    The release reports elevated gross GST revenue for October 2022 as the second-highest monthly collection, details the composition by CGST, SGST, IGST (including imports) and Cess, describes regular IGST settlements plus an adhoc equal Centre-State settlement with post-settlement CGST and SGST receipts, and notes sustained high monthly revenues, increased e-way bill generation, and state-wise year-on-year growth variations.
    October 27, 2022
    Show AI Summary
    GST TRAN form filing: taxpayers from Ladakh and former Daman and Diu must use newly allotted GSTINs only.
    Taxpayers from Ladakh and the former Daman and Diu must file or revise TRAN-1 and TRAN-2 forms using their newly allotted GSTINs and must not use old GSTINs; tax administrations should facilitate processing and link previously filed and revised TRAN-1 forms under the new GSTINs.
    October 22, 2022
    Show AI Summary
    Sequential filing requirement: prior-period GSTR-1 must be filed before submitting current GSTR-1 or the period's GSTR-3B.
    Sequential filing requirement: a taxpayer is barred from filing a current-period GSTR-1 if any earlier-period GSTR-1 is unfurnished, and filing of a period's GSTR-3B is conditioned on prior furnishing of that period's GSTR-1 details of outward supplies; these rules are implemented prospectively on the GST Portal.
    October 21, 2022
    Show AI Summary
    Jurisdictional authority to issue recurring SCNs and handle consequential proceedings; refunds managed by administering tax authority.
    Consequential proceedings arising from enforcement initiated by one tax authority against a taxpayer administered by another shall be conducted by the authority that initiated the enforcement; refunds remain with the jurisdictional authority administering the taxpayer. Recurring Show Cause Notices, being based on the same subject matter and grounds and not involving fresh investigation, should be issued by the jurisdictional tax authority that maintains the taxpayer's records and conducts assessments, to avoid undue burden on the investigating authority.
    October 15, 2022
    Show AI Summary
    GST search and seizure exposes illegal fire cracker stock and triggers ongoing evasion and environmental compliance probe.
    Searches under Section 67(2) of the CGST Act at M/s R. P. Enterprises uncovered large quantities of unaccounted fire cracker stock across 21 godowns, resulted in seizure of inventory, sealing of premises, recovery of unaccounted cash and informal sale records indicating GST evasion; quantification of evaded GST and further investigation are underway amid a state prohibition permitting only green crackers.
    October 7, 2022
    Show AI Summary
    GST portal functionality updates: periodic module-wise deployments and stakeholder training via webinars and video compilations.
    Periodic deployments on the GST Portal implement new taxpayer-facing functionalities across modules such as Registration, Returns, Advance Ruling, Payment and Refund, accompanied by webinars and short videos. These releases are catalogued as monthly or periodic compilations, each available via downloadable links that aggregate module-wise feature descriptions and training materials for taxpayers to review recent portal functionalities and related learning resources.
    October 4, 2022
    Show AI Summary
    GST revenue dip in a quarter contrasts with year on year growth; fiscal outlook hinges on festive season recovery.
    GST receipts in Delhi declined by slightly more than six percent in the second quarter relative to the first quarter, while combined GST collections for the first two quarters rose about twenty eight percent year on year, signaling recovery from the pandemic; officials expect higher third quarter collections during the festive season. The budget identifies GST combined with VAT as the largest tax revenue component and sets overall revenue and tax collection estimates for the fiscal year.
    October 3, 2022
    Show AI Summary
    Transitional input tax credit: one-time portal window reopened for TRAN 1/TRAN 2 filing and revision; use advisory.
    A one-time opportunity is provided to aggrieved taxpayers to claim transitional input tax credit by filing or revising Forms TRAN-1 and TRAN-2 on the GST common portal pursuant to the Supreme Court directive; the portal facility for filing and revision has been enabled for the directed period. GSTN has enhanced the filing process and published a detailed step-by-step advisory and help manual; taxpayers are advised to download and follow these materials for accurate and smooth submission.
    October 1, 2022
    Show AI Summary
    GST revenue growth reflects sustained buoyancy with increased collections and stable e-invoice and e-way bill operations.
    September 2022 gross GST revenue totaled Rs. 1,47,686 crore, with year-on-year growth of 26%; import GST rose 39% and domestic transaction receipts rose 22%. Regular IGST settlements were made to CGST and SGST pools, yielding specified post-settlement receipts for Centre and States. Operationally, the GST ecosystem showed stability with over 1.1 crore e-invoices and e-way bills generated without glitches on the government portal, and the release provides state-wise monthly collection figures and growth rates for comparative analysis.
    September 28, 2022
    Show AI Summary
    Goods and Services Tax revenue trend signals improving business activity and higher monthly mop up expected in upcoming months.
    Goods and Services Tax revenue collections have remained consistently above prior baselines, with September anticipated to exceed the previous month's receipts and official figures to be released on the first of the following month. Monthly receipts since April show a record high followed by steady mop-ups through August, forming the basis for an elevated annual average revenue projection tied to improving business activity.
    September 12, 2022
    Show AI Summary
    GST Portal functionalities deliver module wise releases with accompanying webinars and instructional videos for taxpayer guidance.
    Deployment of module wise enhancements on the GST Portal introduces new taxpayer functionalities across Registration, Returns, Advance Ruling, Payment, Refund and other modules, accompanied by webinars and instructional videos published on the GSTN YouTube channel. Detailed periodised compilations of implemented functionalities are made available as downloadable PDF lists and a consolidated video compilation for taxpayers to review functional changes and guidance by deployment period.
    September 5, 2022
    Show AI Summary
    Extension to open common portal for transitional credit allows delayed commencement of Tran I and Tran II filing.
    A four week extension was granted to permit delayed compliance with the court order dated 22/07/2022 concerning activation of a common portal for filing transitional Goods and Services Tax credit, and the portal will be opened for submission of transitional credit claims under Tran I and Tran II, shifting the commencement date for portal access and filing.
    September 3, 2022
    Show AI Summary
    Input tax credit reporting: updated Table four format requires taxpayers to report availment, reversals and ineligible ITC.
    The revised Table 4 of Form GSTR-3B mandates distinct reporting of ITC availment, ITC reversal and ineligible ITC; taxpayers must adopt the amended format on the GST Portal for GSTR-3B filings for the filing period beginning August onwards and ensure accurate reporting of availment, reversals and ineligible ITC in Table 4.
    September 1, 2022
    Show AI Summary
    GST revenue growth continues with sustained monthly collections and higher import and domestic receipts reflecting improved compliance.
    Gross GST revenue for August 2022 recorded component totals for CGST, SGST, IGST (including import of goods) and cess, and the government effected regular IGST settlements to CGST and SGST yielding consolidated Centre and State receipts. August receipts show notable year on year growth driven by higher import and domestic transaction collections and improved compliance measures; e way bill generation is cited as evidence of stronger reporting. A state wise comparison with August 2021 displays varied growth rates across jurisdictions and excludes GST on imports where indicated.

    News

    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters

      GST revenue in September likely at Rs 1.45 lakh Cr

      September 28, 2022

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      New Delhi, Sep 28 (PTI) Goods and Services Tax (GST) revenue mop-up in September is expected to be around Rs 1.45 lakh crore, an official said.

      The collection has been over Rs 1.4 lakh crore since March and in August it was Rs 1.43 lakh crore.

      "The collection in September is likely to be little more than Rs 1.45 lakh crore. Improved business activity is expected to yield better collections in coming months," the official said.

      Official revenue figures will be released on October 1.

      The mop-up in September last year was Rs 1.17 lakh crore.

      The official further said as per estimates, the average yearly revenue from GST in 2022-23 is expected to be around Rs 1.55 lakh crore.

      The collection in April was at a record high of Rs 1.68 lakh crore. In May, GST revenue was Rs 1.41 lakh crore, in June Rs 1.44 lakh crore, Rs 1.49 lakh crore (July) and Rs 1.43 lakh crore (August).

      Topics

      ActsIncome Tax