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1 min read
9 important changes and key takeaways from the 53rd GST Council meeting
A compilation of all the significant measures and changes announced by Finance Minister Nirmala Sit…
4 mins read
GST Council tweaks tax rates; Waives interest, penalty on tax dues for first 3 years of rollout
The GST Council on Saturday decided to tweak tax rates on items, including accommodation services f…
PTI
2 mins read
Infosys says Karnataka govt withdrawing pre-show cause notice on GST notice
Infosys says that the Karnataka State authorities are withdrawing the pre-show cause GST notice iss…
ANI
5 mins read
Lok Sabha passes Finance Bill, provision on LTCG tax on property transactions amended
The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…
ANI
1 min read
GST collections touch ₹1,51,718 cr in Oct, second highest since April
The government collected Rs 1,51,718 crore gross GST revenue in October, which is the second highes…
2 mins read
Centre releases ₹17,000 cr as GST compensation to States/UTs
Goods and Services Tax was introduced in the country with effect from July 1, 2017 and states were …
ANI
3 mins read
GST Council may consider merging the 12% and 18% tax slab in the next meeting, says Finance Minister Nirmala Sitharaman
The Goods and Services Tax (GST) Council may choose to consider the proposal to reduce the number o…
3 mins read
Cloud kitchens are restaurants, ice cream is not food and other important clarifications that will affect GST rates
One of the reasons behind this is the ever-evolving business landscape – for instance, while clo…
2 mins read
Glee.S.T! January 2021 GST collection may have beat the December record
More than ₹1.2 lakh crore may have been collected in January, compared to ₹1.15 lakh crore in Decem…
2 mins read
Increased GST on mobile phones will lead to job losses says industry body
Increasing GST on mobile phones to 18 per cent from 12 per cent at the time of economic slowdown co…
PTI
3 mins read
GST exemption on domestic supplies, commercial imports of COVID drugs to make them costlier, says Finance Minister Nirmala Sitharaman
From the GST collected on vaccine, half is earned by the Centre and the other half by the St…
PTI
3 mins read
The Indian government is risking a tighter noose on 'tax evaders' as GST collections remain short of target
The Indian government is planning to prohibit companies from generating e-way bills for the tra…
2 mins read
With 32 million jobs at stake in India’s auto sector, the Modi government may ease tax burden on cars
Currently, the automobile sector attracts 28% GST along with personal-use aircrafts, lotteries…
3 mins read
Here's how GST is going to be ‘legendary’ for logistic industry in India
The current system of indirect taxation in India is very complex and logistics faces it the …