#gst

Festive season puts Indian Economy back on track as the Auto sector, GST collections post impressive figures in October 2023

by

As India gradually emerges out of the strict and unyielding coronavirus lockdown it had imposed to curb the spread of the deadly contagion, the economy of the country which had come to a standstill is showing positive and encouraging signs of robust economic recovery. If statistics are to be believed, Indian economy is set on … Read more

India witnesses a record high collection of GST in April: Finance Ministry

by

In a major development, India witnessed a record high collection of Goods and Services Tax (GST) for the month of December 2020. As per reports, GST revenue collected last month stood at an all-time high of ₹1,15,174 crores. At the same time, the figure is 12% higher than the tax collected in December 2019. Finance Ministry informed … Read more

Directorate of Revenue Intelligence searches premises of Oppo India, a Chinese subsidiary, finds tax evasion amounting to the tune of Rs 4,389 crore

by

The Directorate of Revenue Intelligence (DRI), according to a statement made public on Wednesday, conducted searches at the premises of mobile company Oppo India and found evidence of the firm evading customs taxes to the tune of Rs 4,389 crore. Oppo India is owned by Guangdong Oppo Mobile Telecommunications Corporation Ltd, a Chinese company. During the course of … Read more

India’s GST collections soar to record high of ₹2.10 lakh crore, Uttar Pradesh overtakes Tamil Nadu in state-wise GST Revenues for April 2024

by

In another sign of the surging Indian economy, the country has registered the highest-ever GST revenue collection in the just concluded month of April as it breached the coveted milestone of ₹2 lakh crore. As per the latest official data released by the ministry of Finance, the GST revenue collection for April 2024 stands at ₹2.10 lakh … Read more

Bottom 50% of Indians pay 64% of GST: Oxfam India’s claims about ‘disproportionate’ taxing of poor is ‘mathematically impossible’. Here is why

by

Oxfam India, a charitable organisation that supposedly fights against inequality in the country, has stirred the hornet’s nest with its outlandish claims about the Goods and Services Tax (GST) collection. In its report published on Saturday (January 15), Oxfam India claimed that indirect taxes are being taken disproportionately from the poor and the middle class as compared … Read more

GST : Ashneer Grover, co-founder of BharatPe urges govt to withdraw them saying ‘Na koi tax dega, na sarkar ko milega’

by

Ashneer Grover, co-founder of BharatPe, said on Tuesday, September 26, that an alleged Rs 55,000-crore Goods and Services Tax (GST) demand from online gambling companies will not help India attain its goal of being a $5-trillion economy. Grover is the founder of the fantasy game app Crickpe. Grover stated on the X platform (previously Twitter) that “na … Read more