Govt notifies amendments to GST law on deposit refunds issued by online gaming portals, casinos
The government has notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming…
The government has notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming…
The total revenue of the Centre and the states in the month of June 2023 after regular settlement is Rs 67,237 crore for CGST and Rs 68,561 crore for the SGST.
The total revenue of Centre and the states in June after regular settlement was Rs 67,237 crore for CGST and Rs 68,561 crore for the SGST.
It has also been alleged that the complainant handed over Rs 25 lakh to the Superintendents and requested more time for the remaining amount of Rs 10 lakh.
Preliminary enquiry conducted so far into the transactions of these firms has revealed tax evasion of nearly Rs 17 crore.
The government has settled Rs 34,770 crore to CGST and Rs 29,054 crore to SGST from IGST as regular settlement.
The gross GST revenue collections in August witnessed a 28 per cent jump year-on-year, as they stood at Rs 1,43,612 crore during the month.
Accordingly, they were arrested under Section 132 of the CGST Act on Saturday, July 10 and remanded to judicial custody by the duty Metropolitan Magistrate for 14 days.
Tax experts, however, said that since the April collections reflect economic activity in March, the GST mop-up in the coming months could see a decline owing to lockdowns in certain parts of the country to curb surge in Covid cases.
The network of fictitious companies was being operated by one Naresh Dhoundiyal in connivance with one Devender Kumar Goyal, who is a Charted Accountant by profession.
