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GST Updates Summary November-2022

gst updates summary-November-2022

This articles covers the latest gst updates summary November-2022. It contains all the Notifications and Circulars issued in November-2022 which covers all GST Updates November-2022. All these amendments have been presented hear topic wise and reference of relevant latest gst notifications and latest gst circulars have been given at bottom of each topic. As well … Read more

Sustainable Gas Pricing Committee recommends government for gst in gas

gst in gas

The government received the committee’s advice on the gas price mechanism on Wednesday, which was led by Kirit Parekh a Chairman of the Sustainable Gas Pricing Committee. He insisted to bring GST in gas. According to him, India has 12–13 different types of gas fields, each with a unique gas price structure. The formula has … Read more

GST Collection of November 2022 is Rs 1,45,867 crore

GST Collection

GST Collection of November 2022 has exceeded 1.4 lakh crore for nine consecutive months. GST Revenue Collection of November 2022 as compared to same month of last year Here the GST revenue Collection 2022 is compared with the same month of last year. That means, it is compared with GST Collection November 2021. GST Revenue … Read more

48th GST Council Meeting will be held on 17th December, 2022

48th GST Council Meeting 2022

On December 17, videoconferencing will be used to conduct the 48th GST Council meeting. The Council, which is chaired by the Union finance minister and is made up of representatives from all the states and UTs, is expected to decide during the meeting on a number of issues, including the GST levy on gambling establishments, … Read more

States receive Rs 17,000 crore from the centre as GST compensation Cess.

GST Compensation

The Central Government released an amount of Rs. 17,000 crore to States/UTs on 24.11.2022 towards the balance GST compensation for the period April to June, 2022 (State-wise details as per Table below). The total amount of compensation released to the States/UTs so far, including the aforesaid amount, during the year 2022-23 is Rs.1,15,662 crore. This … Read more

Method of Pre-Deposit under Service Tax|Pre-Deposit under Central Excise|Pre-deposit under GST

Pre-deposit under Service Tax and central excise can not be paid by DRC-03

Matter regarding the method of pre-deposit under service tax, pre-deposit under central excise and pre-deposit under GST has been examined by CBEC and accordingly Instruction No CBIC-240137/14/2022-SERVICE TAX SECTION-CBEC, DATED 28-10-2022 has been issued. Due to this instructions in many cases now from the office of the Commissioner Appeal (GST) letters are being received that appeal … Read more

GST Registration 2023|GST Registration Online

GST Registration when aggregate turnover exceeds 20 lakhs

GST Registration is the most fundamental requirement under the GST taxation system. This article covers legal provisions relating to the personas liable for GST registration, compulsory GST registration, deemed registration, procedure and cancellation of registration etc.   Legal provisions relating to GST Registration Types of GST Registration Sr No Details Section 1 Persons liable for … Read more

GST Updates Summary October-2022

This articles covers the latest gst updates summary October-2022. It contains all the Notifications and Circulars issued in October-2022 which covers all GST Updates October-2022. All these amendments have been presented hear topic wise and reference of relevant latest gst notifications and latest gst circulars have been given at bottom of each topic. As well … Read more

GST Updates Summary September-2022

gst updates summary september-2022

This articles covers the latest gst updates September-2022. It contains all the Notifications and Circulars issued in September-2022 which covers all GST Updates September-2022. All these amendments have been presented hear topic wise and reference of relevant latest gst notifications and latest gst circulars have been given at bottom of each topic. As well as, … Read more