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Do you know the contribution of Automobile, infrastructure in U.P. GST revenue?

Automobile infrastructure

The largest GST revenue growth in Uttar Pradesh in 2022–23 was in the automobile, infrastructure, and iron and steel industries, with overall growth of 21% despite the lack of compensation from the Centre after June 2022. In the most recent fiscal year, the government collected 1.8 lakh crore in GST and VAT, or 86% of … Read more

GST Compensation Cess (Rate) Notifications 2023|GST Compensation Cess 2023

gst compensation cess 2023

The goal of this article is to cover all GST Compensation Cess 2023 notifications. All GST Compensation Cess (Rate) Notifications issued in the year 2023 have been covered in this article. notifications on gst issued in the year 2023 have been covered in this article. In addition gst notification 2023 latest pdf download facility has … Read more

GST Compensation Cess Notifications 2023|GST Compensation Cess 2023

gst compensation cess 2023

The goal of this article is to cover all GST Compensation Cess 2023 notifications. All GST Compensation Cess Notifications issued in the year 2023 have been covered in this article. notifications on gst issued in the year 2023 have been covered in this article. In addition gst notification 2023 latest pdf download facility has been … Read more

Confronting Uncertainty with GST on Transportation service

gst on transportation service

The current state of GST on Transportation Service of commodities by aircraft or vessel is undoubtedly unpredictable. The plot started in September 2022, when it was announced that beginning on October 1, 2022, the Tax exemption for goods transportation services would expire. This has the effect of taxing the export cargo transit by Indian transporters … Read more

GST rate of construction will apply to other services in construction

gst rate of construction

GST rate of construction service shall apply for other services like of construction. A recent order from the Appellate Authority for Advance Rulings (AAAR) in the case of a Thane-based developer could result in reduced costs for purchasers of under-construction properties. The appellate court ruled that fees collected by the developer, Puranik Builders, for water … Read more

The Minister of Finance exempts a gst paediatric cancer medication.

gst paediatric cancer

7 lakh gst paediatric cancer exemptions received by a small girl from India’s indirect taxes body. The exemption was granted after Union Finance Minister Nirmala Sitharaman intervened. Following an appeal by the girl’s family, senior Congress leader Shashi Tharoor contacted Sitharaman to request a GST exemption for the medication. Tharoor praised Sitharaman and the chairman … Read more

GST on Hotel, Restaurant industries could be change soon.

GST on hotel

The current GST on Hotel, Restaurant industries could be change soon, which would help the hotel and restaurant industries. The Ministry of Finance is actively considering the proposal to change the current GST structure. With an input tax credit (ITC) benefit, the Goods and Services Tax (GST) on hotels and restaurants could go up from … Read more

The value of the inter-state flow of goods in India increased to about 70% of GDP 2022

GDP 2022

The value of the inter-state flow of goods in India increased to about 70% of GDP 2022 from nearly 55% of GDP in FY18, signalling increased economic integration among states after the goods and services tax (GST) was implemented According to a paper written by Bibek Debroy, chairman of the Prime Minister’s Economic Advisory Council … Read more