GST UPDATE

*Desk of CA. PRAVEEN SHARMA:-* 

Series- *375*.

*GST Updates*

1. GST collection in August was ?1.43 lakh crore, a 28% YoY increase.

2. Punjab registers 23 pc growth in GST revenue in the first five months of FY23.

3. GST on Train Ticket Cancellation Applicable to AC Class Only: Railway Clarifies.

4. As much as Rs 50 lakh would be earned from processing 30,000 tonnes of Supertech demolition waste but it will be liable for a GST amount of at least Rs 2.5 lakh (5 percent).

5. ‘Don’t summon CEOs in the first instance: CBIC’s 10 commandments to GST officials.

6. GSTN: updating reporting of Table-4 "Eligible ITC in GSTR-3B is live on the portal".

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