Finance Minister Nirmala Sitharaman says that 28 % GST increased on casinos and online gaming

August 2, 2023 8:44 PM

Finance Minister Nirmala Sitharaman says that 28 % GST increased on casinos and online gaming

Finance Minister Nirmala Sitharaman today said that 28 percent GST on casinos and online gaming will be levied on face value. Addressing media after the 51st GST Council Meeting in New Delhi, Ms Sitharaman said the 28 percent GST on online gaming and casinos is expected to be implemented from the 1st of October. She added that the Council has agreed to come back after six months of implementation to review the way in which this is getting implemented.   The GST Council in its last meeting h...

GST collection in December 2021 registers 13 percent growth over corresponding month in 2020

January 2, 2022 8:42 AM

GST collection in December 2021 registers 13 percent growth over corresponding month in 2020

Goods and Services Tax (GST) revenue collected in December 2021 was over 1.29 lakh crore. The revenues for the month of December 2021 are 13% higher than the GST revenues in the same month in 2020 and 26% higher than the GST revenues in December 2019. Finance Ministry said, December 2021 is the sixth month in a row when GST collection stood at over 1 lakh crore rupees. Ministry said, coupled with economic recovery, anti-evasion activities, especially action against fake billers have been contrib...

Govt constitutes committee to suggest measures to augment GST revenue

October 11, 2019 8:02 AM

Govt constitutes committee to suggest measures to augment GST revenue

Government has constituted a committee of officers to suggest measures to augment Goods and Services Tax revenue. The panel comprising state-level GST commissioners and central government officials has been asked to suggest urgent measures to arrest the fall in tax revenues and suggest steps to be taken to improve revenue collection.  In an order, Finance Ministry said, the committee has been asked to consider a wide range of reforms so that a comprehensive list of suggestions may emerge. The pa...