₹1,48,995 crore gross GST revenue collected in the month of July 2022 GST Revenue collection for July second highest ever & 28% higher than the revenues in the same month last year The gross GST revenue collected in the month of July 2022 is ₹1,48,995 crore of which CGST is ₹ 25,751 crore, SGST is ₹ 32,807 crore, […]
Items like agriculture produce, cloth and footwear consumed by poor are either exempt or attract GST at a lower rate of 5%/12%.
A nominal GST of 5% applies to curd, lassi, butter milk and paneer, when sold in pre-packaged and labelled form, and Ultra High Temperature (UHT) Further, a GST of 12% applies to condensed milk, butter, ghee and cheese.
Question of Government issuing any direction to CBDT to relax the PAN-Aadhaar linking norms does not arise.
Government has hiked GST on over two dozen goods and services, ranging from unbranded food items to curd, buttermilk
Central Government specified a token which qualifies to be a virtual digital asset as non-fungible token within the meaning of sub-clause (a) of clause (47A) of section 2 of the Act but shall not include a non-fungible token whose transfer results in transfer of ownership of underlying tangible asset and the transfer of ownership of such underlying tangible asset is legally enforceable.
GST Council not make any recommendation to reduce GST on insurance service from 18% and on health care insurance policies from 18% to 5%.
Government has no plan to reduce the Goods and Services Tax (GST) slapped on educational material like pencil, eraser, pen, notebooks etc;
GST Council recommended that State can decide on imposition of requirement of e-Way bill for intra-state movement of gold & precious stones
The number of telecom subscribers in India has grown from 1.5 Cr in 1997 to more than 117 Cr today. This represents a phenomenal 19% CAGR over a period of 25 years. India is today the second largest telecom market in the world.
