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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   


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3 mins read

GST Council meet: TMC's O'Brien urges Sitharaman to withdraw 18 pc GST on insurance premiums

O'Brien also expressed fear that levying a high GST rate on health and life insurance might lead to…

PTI   


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2 mins read

GST Council mulling 18% GST on low value transactions made via RazorPay, PayPal and more. Here's how it will impact you

At present, they are exempt on paying GST on transaction of value less than Rs 2,000. But, if the p…

Business Insider Latest Story Image
3 mins read

Coalition politics, weakened mandate could make passing legislations on ambitious reforms challenging: Fitch

As the NDA is all set to form the government, Fitch Ratings on Thursday said coalition politics and…

PTI   


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2 mins read

HUL receives GST demand, penalties of Rs 447.5 cr from authorities of five states

Leading FMCG maker Hindustan Unilever Ltd has received GST demand and penalties totalling Rs 447.5 …

PTI   


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1 min read

Zomato, Swiggy slapped with Rs 500 crore GST each: Report

Online food delivery platforms Zomato and Swiggy have received GST notices worth Rs 500 crore each …

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1 min read

Zomato stock down after Rs 400 cr show-cause notice for GST dues

Zomato shares were trading more than 4 per cent down on Thursday morning after it received Rs 400 c…

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1 min read

SC stays K'taka HC decision quashing Rs 21,000 cr GST notice to online gaming platform

The Supreme Court on Wednesday stayed the judgment rendered by the Karnataka High Court which had q…

Business Insider Latest Story Image
1 min read

Centre seeks to amend GST Act to levy 28% tax on online gaming, casinos

The central government on Friday will seek the introduction and passage of the Central Goods and Se…

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2 mins read

As curd, paneer and wheat flour turn 5% costlier, retailers worried about 'old stock'

With curd, paneer, unbranded pre-packaged food items like wheat flour and others coming under the G…

Business Insider Latest Story Image
1 min read

Rajasthan Assembly passes GST Amendment Bill

Referring to anti-evasion actions, Dhariwal said that during the last five years of the previous g…

PTI   


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4 mins read

GST Council may consider bringing petrol, diesel under GST on September 17

In June, the Kerala High Court, based on a writ petition, had asked the GST Council to decide…

PTI   


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1 min read

GST collections up by 44% at ₹1.4 lakh crore in May

This is the fourth time the monthly GST collection crossed Rs 1.40 lakh crore mark since inception …

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3 mins read

Can you claim input tax credit on CSR expense ⁠— three authorities have two different rulings

There are two other rulings from the same authority and one of those allows the input tax cred…

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1 min read

Brands slow in passing GST rate reduction benefits to consumers: Report

The Goods and Service Tax (GST) was introduced with the purpose of simplifying the tax structure i…

PTI   


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2 mins read

Jharkhand is the only state holding out against the Indian government's suggested formula on GST compensation

With Chhattisgarh communicating its acceptance of Option-1 to meet the revenue shortfall arising ou…

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3 mins read

Payment of 1% GST in cash only for 45,000 taxpayers: DoR sources

The government's decision on mandatory payment of at least 1 per cent of GST tax liability in cash …

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2 mins read

All 28 states and three union territories decided to go for Centre's GST compensation formula

All the 28 states and three union territories with legislature have decided to go for the Centre-su…

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1 min read

Complaints rise against Indian companies that haven’t passed on the benefits of lower GST to consumers: Report

More and more consumers are lodging complaints with India’s National Anti Profiteering Authority …

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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