Finance Ministry releases
GST figures for the month of December, upto 25th; Registers total collection of
Rs. 80,808 Cr comprising of Rs. 13,089 Cr from CGST, Rs. 18,650 Cr from
SGST, Rs. 41,270 from IGST and Rs. 7,798 Cr from Compensation Cess; Rs. 10,348
Cr is being transferred from IGST to CGST account, while Rs. 14,488 Cr to SGST
account by way of settlement of funds, towards cross utilization of IGST credit
for payment of CGST and SGST respectively, or due to inter-state B2C
transactions; Thus, total collection of CGST and SGST for December is Rs 23,437
Cr and Rs. 33,138 Cr respectively including transfers by way of settlement,
states the Ministry; On the registrations front, records 99.01 lakh taxpayers
till said date, of which 16.60 lakh are composition dealers required to file
quarterly returns; 53.06 lakh returns have been filed for November, till
December 25 : Finance Ministry Press Release
Subscribe to:
Post Comments (Atom)
Mere execution of JDA with developer does not trigger capital gains tax in real estate transactions
Recently Bangalore ITAT recently delivered an important ruling clarifying that merely executing a Joint Development Agreement (JDA) does n...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
-
Recent judicial pronouncements across different forums have clarified several important aspects of Indian income tax law, particularly relat...
-
The transition to the Income-tax Act, 2025 (ITA 2025) and the accompanying Income-tax Rules, 2026 introduces a significantly overhauled co...
-
The newly enacted Income Tax Act, 2025, marks a significant step toward simplification by consolidating multiple presumptive taxation sche...
-
Introduction Employee welfare is a cornerstone of corporate responsibility, and gratuity forms a critical part of the social security benefi...
-
The overall effective tax rate of a U.S. multinational corporation may have significant impact on the value of its stock. Therefore, it ...
-
A significant change under Section 395(1) of the Income-tax Act, 2025 is reshaping how Lower Deduction Certificates (LDCs) operate via TRACE...
-
Introduction: India's Green Economy and the Tax Conundrum India stands as a global powerhouse in the fight against climate change, c...
-
In a landmark ruling, the ITAT, Hyderabad Bench, in the case of Amith Vishnaw Gudimela, held that a delay in filing Form-67 cannot be the so...
No comments:
Post a Comment