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GST Network Issues Guidelines On Electronic Invoices For Businesses With Turnover Of Rs 100 Crore

56 years ago2 years ago05 mins

[ad_1] Currently, businesses upload such invoices on Invoice Registration Portal (IRP) on the current date. New Delhi: Businesses with turnover of Rs 100 crore and above will have to upload their electronic invoices on IRP within 7 days of the issue of such invoice with effect from May 1, GST Network has said. Currently, businesses…

GST Revenues Grow 15% To Rs 1.49 Lakh Crore In December

56 years ago3 years ago02 mins

[ad_1] The revenues for December 2022 are 15% higher than the evenues in same month last year. New Delhi: GST revenues rose by 15 per cent in December 2022 to over Rs 1.49 lakh crore, the Finance Ministry said on Sunday. “The gross GST revenue collected during December 2022 is Rs 1,49,507 crore, of which…

Tax Body Clarifies: Employees Don’t Need To Pay GST On Perks

56 years ago3 years ago03 mins

[ad_1] Tax body clarifies, employees wont have to pay GST on perks Perks given by employers to employees are not subjected to the Goods and Services Tax (GST), the Board of Central Excise and Customs (CBIC) has clarified. According to a recent circular, services by an employee to the employer during employment will not be…

GST Collections In July Second Highest Ever, Rise 28% Year-On-Year

56 years ago3 years ago04 mins

[ad_1] GST collections for July stands at Rs 1,48,995 crore. New Delhi: Goods and Services Tax collection for the month of July was recorded at Rs 1,48,995 crore, which is 28 per cent higher as compared to the same month last year. This is the second highest revenue since the introduction of the GST in…