The gross GST collection in April 2023 is also an all-time high and is Rs 19,495 crore more than the previous highest collection of Rs 1,67,540 lakh crore, which was recorded in April 2022.
The raids were conducted simultaneously at five places including their residence at Ghantapada and two business entities - Maa Hingula Transport and Maa Hingula Traders.
Learn how to avoid fraudulent GST charges on restaurant bills by verifying the GST registration and taxpayer status with this step-by-step guide.
February's GST collections were marginally higher than December 2022 collections, which were Rs 1,49,507 crore.
The government has settled Rs 38,507 crore towards CGST and Rs 32,624 crore towards SGST from IGST as regular settlement.
The Council also clarified on the definition of SUVs (sports utility vehicles) for the levy of 22 per cent compensation cess over the 28 per cent GST and decided to come out with parameters to define MUVs (multi utility vehicles).
The total amount of compensation released to the states so far, including the aforesaid amount, during 2022-23 is Rs 1,15,662 crore, official sources said.
The Rs 1.5 lakh crore mark has been crossed for the second time since the inception of GST, official sources said.
Youth Congress launched ‘Mehangai Par Halla Bol’ rally outside Ramlila Maidan in Delhi in protest against price rise, GST and unemployment.
In a statement, the Union Finance Ministry said that the two installments have been released as against the normal monthly devolution of Rs 58,332.86 crore.
On the opposition's claims of burdening people by imposing GST on cheque books, she said the levy is in relation to purchase of cheque books by bans from printers, not for the public.
Car makers have to abide by the tax structure the Indian government has set. And being a welfare government, it has set the lowest GST and excise slab for small cars or cars with less engine capacity and a higher GST and excise slab for the speed enthusiasts opting for a more powerful engine.
Some services such as work contracts for roads, bridges, railways, metro, effluent treatment plants and crematoriums too will see tax going up to 18% from the current 12%.
Hotel accommodation up to Rs 1,000 per day will now be taxed at 12 per cent.
In addition, hotel rooms with tariff of up to Rs 1,000/day, maps and charts, including atlases, will attract a 12 per cent Goods and Services Tax (GST), while 18 per cent GST will be levied on tetra packs and fees charged by banks for the issue of cheques (loose or in book form).
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