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BIZARRE: Saurabh agarwal - What They Never Told You

GST collections remain strong, but faster import growth needs watching: Tax experts

India's GST collections remained strong, rising to Rs 2.04 lakh crore in September, however experts express concern over the wide gap in tax revenue from imports and domestic transactions. They say that the divergence suggested that imports were contributing significantly to the overall growth in collections. The trend could warrant…

The Economic Times · Oct 1

US sanctions on Iran: Basmati demand stays strong, pharma and livestock exporters face new hurdles

Iranian demand for Indian basmati remains resilient despite tougher US sanctions, but exporters are facing rising shipping, insurance, and payment risks. Pharma and livestock exporters are also navigating disruptions to established trade routes.

The Economic Times · Sep 9

GSTN puts proposed e-way bill changes on hold after industry feedback

GST Network has postponed two e-way bill system enhancements. These changes were scheduled for implementation starting August 1. Industry feedback highlighted implementation difficulties with existing systems. The government is reconsidering the design of these proposed changes. This decision allows for additional stakeholder preparedness and avoids business disruption.

The Economic Times · Jul 30

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Compliance squeeze, global scrutiny redefine India’s $30 billion pharma export playbook

As global markets prioritise quality and regulatory trust, India’s pharma sector is recalibrating beyond its traditional cost advantage.

The Economic Times · Apr 30

Finance Ministry notifies valuation methodology for calculating GST on online gaming, casino

The government on September 6 notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming companies and casinos for calculating tax.

The Hindu · Sep 7, 2023

Government tweaks GST rules for claiming input tax credit

NEW DELHI: GST taxpayers will be required to reverse by November 30 the input tax credit (ITC) claimed in the last fiscal in case their suppliers fail to deposit the due tax by September 30, the finance ministry has said.

The Times of India · Dec 27, 2022

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