gst revenue

GST Council Meeting: Can online gaming companies expect some cut from 28% tax limit?

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GST Council Meeting: Can online gaming companies expect some cut from 28% tax limit?

GST meeting: At the GST meeting, central and state tax officials are expected to present a detailed “status report” regarding taxation related to online gaming and similar activities. This report will specifically outline the collection of GST revenue from the online gaming industry both pre and post October 1, 2023.   As of October 1, … Read more

6 years of GST: Rs 1.5 trillion monthly tax revenues becomes ‘new normal’, focus on curbing tax evasion

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6 years of GST: Rs 1.5 trillion monthly tax revenues becomes ‘new normal’, focus on curbing tax evasion

Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. … Read more