GST collection for Feb marks 12.5% surge at Rs 1,68,337 crore
The GST revenue net of refunds for February 2024 is Rs 1.51 lakh crore, a growth of 13.6% over the same period last year.
The GST revenue net of refunds for February 2024 is Rs 1.51 lakh crore, a growth of 13.6% over the same period last year.
Patnaik, earlier in November 2022, had made a similar request to the Centre for the larger interest of 8 lakh families living on kendu leaf collection and binding.
In a tweet to mark his government’s nine years in office, Modi assured the campaign for improving the ease of doing business would continue.
By employing cutting-edge tools and techniques and hiring experts, the Excise and Taxation Department intends to swiftly address tax evasion, ultimately bolstering the state's coffers.
After chairing the 49th meeting of the GST Council here, the Union finance minister said the pending balance of the GST compensation to the tune of Rs 16,982 crore for June 2022 will be cleared.
The request was made by Chief Minister Naveen Patnaik in a letter he wrote to Union Finance Minister Nirmala Sitharaman.
The tax compliance requirements for companies are changing as the tax department wants more information. It will, therefore, be the responsibility of companies to provide all necessary data including detailed information on partners and suppliers.
The state has recorded 16.76 per cent growth in progressive GST collection up to October of current financial year 2022-23 in comparison to the same period of previous financial year.
Bhanu Pratap said that the India Book of Records has an impeccable record of certifying and honouring excellence while maintaining the highest level of transparency.
The firms were engaged in circular trading and issuing fake bills to claim fraudulent Input Tax Credit (ITC) to evade taxes.
