GST: News

01 Mar 2024

India

February GST collections rise 12.5% YoY to Rs. 1.68L crore

India's finance ministry reported that the goods and services tax (GST) collection for February 2024, reached Rs. 1.68 lakh crore, a 12.5% increase compared to the same period last year.

Centre may reconsider retrospective GST notices to online gaming companies

Indian government might reconsider its position on the Goods and Services Tax (GST) levied on online real money gaming companies.

08 Jan 2024

Indian Government

SC seeks Centre's response on 28% GST on online gaming

The Supreme Court has called on the Indian government to address a petition from online gaming companies regarding "retrospective" tax demands totaling Rs. 1.5 lakh crore.

LIC shares trade in red on Rs. 800cr GST notice

Shares of insurance giant Life Insurance Corporation of India (LIC) traded 1.5% lower at Rs. 851.30 in early trade on January 2 after the company was slapped a Rs. 806-crore GST notice.

01 Jan 2024

India

December GST collections climb 10% YoY to Rs. 1.65L crore

The Union Ministry of Finance has revealed that the Centre's Goods and Services Tax (GST) collections for December 2023, reached Rs. 1.65 lakh crore.

29 Dec 2023

India

GST Council extends deadline to recover FY19, FY20 tax dues

The Goods and Services Tax (GST) Council has decided to give tax officials more time to demand and recover tax dues from businesses for the financial years 2019 (FY19) and 2020 (FY20).

21 Dec 2023

Business

How online gaming industry is countering the 28% GST impact

The online gaming industry is grappling with the effects of the 28% Goods and Services Tax (GST) implemented since October 1.

14 Dec 2023

India

Foreign airlines to pay GST demands on cross charges

Foreign airlines including British Airways, Etihad, and Emirates have received Goods and Services Tax (GST) demand notices related to cross charges.

05 Dec 2023

Nirmala Sitharaman

21,791 fake GST registrations unearthed, Rs. 24,000cr evasion suspected: FM

During a recent two-month special drive, Finance Minister Nirmala Sitharaman announced that GST officers discovered 21,791 fake GST registrations and over Rs. 24,000 crore in suspected tax evasion.

22 Nov 2023

Zomato

Zomato and Swiggy receive GST notices totaling Rs. 750 crore

The Directorate General of GST Intelligence (DGGI) has slapped food delivery giants Zomato and Swiggy with Goods and Services Tax (GST) demand notices, amounting to Rs. 400 crore and Rs. 350 crore, respectively.

Centre to request SC for clubbing GST online gaming cases

The Indian government may ask the Supreme Court to club all Goods and Services Tax (GST) online gaming cases, currently in litigation on the grounds of a single principle, reported Moneycontrol.

01 Nov 2023

Indian Government

October GST collection touches second-highest ever at Rs. 1.72L crore

The Ministry of Finance revealed that the Centre's Goods and Services Tax (GST) revenue for October 2023 reached Rs. 1.72 lakh crore.

25 Oct 2023

Business

Online gaming companies served tax notices worth Rs. 1L crore

Online gaming companies have been slapped with show-cause notices amounting to Rs. 1 lakh crore by GST authorities over alleged tax evasion, reported Reuters, citing a high-ranking government official.

05 Oct 2023

Business

GST Council meeting on October 7: What's on agenda

The 52nd meeting of the Goods and Services Tax (GST) Council is scheduled for October 7, 2023, in New Delhi.

26 Sep 2023

Dream 11

Dream11, other gaming firms face GST notices worth Rs. 55,000cr

The Directorate General of GST Intelligence (DGGI) has issued pre-show cause notices to around 12 online real money gaming companies for tax dues worth Rs. 55,000 crore.

Over 100 online gaming firms under scrutiny for GST evasion

Authorities are set to launch investigations against over 100 online gaming firms for potential Goods and Service Tax (GST) evasion, as reported by Business Today.

25 Sep 2023

Stock Market

Delta Corp shares plummet 20% after hefty GST notice

Casino operator Delta Corp Ltd. has seen its shares drop by 20% after receiving tax notices totaling Rs. 16,822 crore from the Directorate General of GST Intelligence.

12 Sep 2023

Nitin Gadkari

Nitin Gadkari proposes 10% GST hike on diesel vehicles

Union Road Transport and Highways Minister Nitin Gadkari has proposed an additional 10% goods and services tax (GST) on diesel-powered vehicles and generators in India.

01 Sep 2023

India

August GST revenues soar 11% YoY to Rs. 1.6L crore

The Goods and Services Tax (GST) revenues for August 2023 in India have hit approximately Rs. 1.6 lakh crore. This marks a year-on-year (YoY) growth of roughly 11%.

16 Aug 2023

Business

Online gaming platforms face Rs. 45,000cr retrospective tax liability

Online skill-based gaming platforms in India are facing a potential tax demand of Rs. 45,000 crore.

02 Aug 2023

Nirmala Sitharaman

GST Council: 28% tax on online gaming from October 1

The GST Council has decided to impose a 28% tax on the full face value of bets placed on online gaming and casinos, starting October 1.

12 Jul 2023

Business

How 28% GST on online gaming will impact Indian players

The Goods and Services Tax (GST) Council rocked the online gaming industry by agreeing to levy a 28% GST on funds collected by gaming firms.

12 Jul 2023

Nirmala Sitharaman

GST rule change to make popular MPVs costlier: Here's how

The Goods and Services Tax (GST) Council, led by Union Finance Minister Nirmala Sitharaman has decided to add a 22% cess on MPVs, on top of the existing 28% GST.

12 Jul 2023

Nirmala Sitharaman

GST shocker: Delta Corp, Nazara Tech stock prices tank

Online gaming platform Nazara Technologies and casino operator Delta Corp Ltd. witnessed a sharp fall in share prices on Wednesday.

12 Jul 2023

Business

The 28% GST will kill India's gaming industry: Here's how

Online gaming is one of the fastest-growing internet businesses in India. However, that may come to a halt after the Indian government's recent decision to increase indirect tax on online gaming.

01 Mar 2023

India

February GST collections up 12%, third-highest of all time

Goods and Services Tax (GST) collections increased by 12% to over Rs. 1.49 lakh crore in February 2023, the Finance Ministry informed on Wednesday.

16 Feb 2023

Pakistan News

Pakistan fuel price hits record high; Petrol at Rs. 280/liter

Pakistan announced a record increase in fuel prices on Wednesday, triggering a shock for its already overburdened citizens.

18 Dec 2022

SUVs in India

GST Council defines 'SUV' and sets criteria for tax

The Goods and Services Tax (GST) Council has clarified the definition of SUVs in India, in a meeting held on Saturday.

19 Jul 2022

Lok Sabha

Lok Sabha, Rajya Sabha proceedings adjourned after Opposition protests

On the second day of Parliament's monsoon session, the Lok Sabha and Rajya Sabha were adjourned till Wednesday amid sloganeering by Opposition MPs on issues of price hikes and inflation.

18 Jul 2022

Nirmala Sitharaman

New GST rates apply from today: What's costlier, what's cheaper

The new Goods and Services Tax (GST) rates go into effect on Monday.

01 Jul 2022

Nirmala Sitharaman

New GST rule: What gets cheaper, what's costlier?

With the average man already suffering from rising inflation, the Goods and Services Tax (GST) Council's decision to raise rates on some products and services, as well as bring additional things under its purview, is expected to exacerbate the situation.

GST Council's two-day meet starts today: Details here

The Goods and Services Tax (GST) Council's two-day meeting commenced on Tuesday in Chandigarh.

22 Mar 2022

Jhund

What does it mean for films to be tax-free?

Currently, The Kashmir Files (TKF) is witnessing a bumper wave at the box office and enjoying word-of-mouth publicity online.