GST Revenues Hit Record Rs 2.10 Lakh Crore In April. Here's What Led To It

Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.

Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it.

Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021.

GST collections in March grew 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the finance ministry said on Monday.

As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid the country entirely of the over 36 crore petrol and diesel vehicles.

Food delivery app Zomato today said it has received a goods and services tax (GST) notice of over Rs 23 crore, and will file an appeal against the demand.

Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 178 crore on it for short payment of Goods and Services Tax (GST) for two financial years.

In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.

Annual Declaration For Medical College: The deadline for submitting details along with the requisite fee, including GST, on the NMC Portal is March 31, 2024.

These changes from March will directly impact millions of customers across India, including FASTag users.

Union Minister V Muraleedharan on Thursday launched a two-for-one attack on the ruling Left Front in Kerala and the Congress, accusing the former of mishandling the state economy and the latter of having lost the peoples' trust.

The BJP and the Congress went head-to-head Wednesday morning over allegations the centre is withholding funds - specifically devolution of tax revenue - to the Karnataka government.

Financial allocations to states are based on uniform guidelines that leave no room for discrimination, Finance Secretary TV Somanathan told NDTV Tuesday afternoon.

Finance Minister Nirmala Sitharaman and Congress MP Adhir Ranjan Chowdhury sparred in Parliament Monday over allegations non-BJP state governments - specifically those in South India - are "deprived of their (financial) dues".