GST Collections: The Goods and Services Tax (GST) collections in August 2024 witnessed a 10% increase compared to the same period last year, amounting to Rs 1,74,962 crore. This growth was evident across all categories, including Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess.In August 2023, the gross GST revenue collected was…
In a groundbreaking move, the Ahmedabad zonal unit of the Directorate General of GST Intelligence (DGGI) has issued a show cause notice to Binance, the world’s largest cryptocurrency exchange, demanding Goods and Services Tax (GST) payment of Rs 722 crore. This marks the first time the DGGI has issued such a notice to a cryptocurrency…
Gold prices on Friday climbed to Rs 72,967 per 10 gm, rising by 1.6 per cent compared to Thursday. This daily surge in prices has never been witnessed in the last 50 years, bullion dealers from Zaveri Bazaar said. In a month, gold prices have shot up by 10.75 per cent, making the yellow metal…
GST Collections March 2024: In a boost for the economy, the gross Goods and Services Tax (GST) collections for the month of March came in at the second highest ever level of Rs 1.78 lakh crore. This is an 11.5% year-on-year growth, according to the Ministry of Finance.This increase was primarily fueled by a significant…
Representative Image Coimbatore: Textile and clothing sectors must have a holistic approach with a long-term vision to seize the opportunity in the global market, industry officials said on Saturday. Textiles and clothing industries are the second largest employment provider after agriculture generating Rs 30,000 crore as Goods and Services Tax revenue and USD 44 billion…
