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In April 2022, the GST collection stood at an all-time high of Rs 1.68 lakh crore. In the preceding March month, the gross GST mop-up was Rs 1.42 lakh crore. So the May month’s collection is the lowest in the last three months

GST collections in May stays above Rs 1.4 lakh cr, third month in a...

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For the fourth time, monthly GST collection crossed the Rs.1.40 lakh crore mark As per the data released on Wednesday, the gross revenue from Goods...
Apparently, over 45 days ago, SpiceJet had requested Rs.500 cr of a working capital loan from Yes Bank, which has still not been granted to the airline

Excise department issues notice to SpiceJet to clear tax dues

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SpiceJet asked to repay Rs.62 cr taxes due by the Excise dept SpiceJet has been sent a notice to pay up Rs.62 crore taxes due...
Fraudulent entities generate GST value of about Rs.220 crores and an inadmissible amount of Rs.34 crores

GST officers bust Rs.34 crore input tax credit fraud on specific inputs

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Input tax credit fraud of Rs.34 cr through bogus GST invoices unearthed The Finance Ministry mentioned on Sunday that the GST officers have unearthed Rs.34...
GSTN - It is the revenue that matters

GSTN: The pain of doing business in India – Part 3

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Part 1 of this series can be accessed here. Part 2 talks about The mystery behind missing numbers. This is Part 3. Will the...
Swamy

Nation suffers as govt chose to ignore Dr Swamy’s warning regarding GST

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Dr Subramanian Swamy had warned Government on several occasions that GST must not be implemented without adequate preparedness Goods and Services Tax (GST) is an...
The Press Release on GSTN figures raises more questions than answers

GSTN – The Pain of Doing Business in India – Part 2.  The Mystery...

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Part 1 of this series, The GSTN saga - The pain of doing business in India, talks about the teething pains of GST and...
GST in textile industry

GST Tax Rates ~ Impact on Weaving (Textile) Industry.

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Impact of GST on Textile Industry The GST (Goods and services tax) Council in its meeting dated 3 June 2017 finalised the tax rates for...
Modi and the art of impossible

Modi and the art of the possible

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PM Narendra Modi believes in the art of the impossible Politics, said Bismarck, is the art of the possible. That was then. But,...
Some of the concerns on the way the GSTN company has been structured and its performance thus far

GSTN – The extra constitutional network

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The passage of four legislative GST bills created a lot of euphoria among the government, common public and the traders. As tweeted out by...

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