18% GST On Gangajal? Check What The Authority Says
The need for clarity regarding the GST imposed on Gangakjal arose as a result of many media stories claiming that the item was subject to an 18 percent GST.
Oct 12, 2023, 16:46 PM IST
Taxing GST On Deposits Will Wipe Out 80% Of Online Gaming Industry
The GST Council has also decided to review the decisions on the rate of tax and valuation after six months of implementation of the amendments, giving some hope to the industry.
Aug 03, 2023, 11:27 AM IST
28% GST On Online Gaming Stays; To Be Reviewed After 6 Months Of Roll-Out
The panel had at its last meeting decided to levy a 28 percent GST on the full face value of bets placed and Wednesday's meeting was to deliberate on the tax law changes that would be required to implement it.
Aug 02, 2023, 21:01 PM IST
New GST Rule Kicks In From Today, Indian Companies Should Know THIS New Threshold
Starting on today, companies with a B2B transactional value of over Rs 5 crore will be required to produce an electronic or e-invoice. For all B2B transactions, companies must currently generate an electronic invoice if their annual revenue is Rs. 10 crore or more.
Aug 01, 2023, 07:25 AM IST
GST Rules Changing From Tomorrow, Lakhs Of Companies In India To Be Impacted
Starting on August 1, companies with a B2B transactional value of over Rs 5 crore will be required to produce an electronic or e-invoice. For all B2B transactions, companies must currently generate an electronic invoice if their annual revenue is Rs. 10 crore or more.
Jul 31, 2023, 08:08 AM IST
GST Rules Changing From August 1, To Impact Lakhs Of Companies In India --Know What Is Changing
For major businesses with a revenue of more than Rs 500 crore, e-invoicing was initially adopted in 2020.
Jul 24, 2023, 16:28 PM IST
India's Goods And Services Tax Receipts Rise 12% Year Over Year In June
The monthly GST collected has topped the 1.5 trillion rupees-mark for the seventh time since the new tax regime was introduced in 2017. India's nominal growth is estimated to be 10.5% in the current fiscal year.
Jul 01, 2023, 17:19 PM IST
GST Council Meet On July 11, Likely To Discuss Steps To Prevent Fake Generation Of ITC
Chairman of Central Board of Indirect Taxes and Customs (CBIC), Vivek Johri said this while speaking to reporters at the sidelines of an event.
Jun 16, 2023, 16:27 PM IST
GST Rules Changing From August 1, To Impact Lakhs Of Companies In India
New GST Rules: The Finance Ministry has issued a circular announcing reduction in threshold limit for GST E-invoicing.
May 12, 2023, 10:31 AM IST
GSTN Defers By 3 Months Implementation Of E-invoice Reporting Time Limit
Previously, there was no such restriction for businesses to upload the invoices on the IRP.
New GST Rules From Today, Biz With Over Rs 100 Cr Turnover Must Know This
Under GST law, e-invoicing for B2B transactions was made mandatory for companies with turnover of over Rs 100 crore effective January 1, 2021.
May 01, 2023, 08:56 AM IST
New GST Rule From 1 May 2023, Biz With Over Rs 100 Cr Turnover Must Know This
In order to provide sufficient time for taxpayers to comply with this requirement, this new format would be implemented from May 1, 2023.
Apr 13, 2023, 10:49 AM IST
GST Collection In March Rises To Over Rs 1.60 Lakh Crore
It is for the fourth time, in the current financial year, that the gross GST collection has crossed the Rs 1.5 lakh crore mark.
Apr 01, 2023, 18:00 PM IST
GST Council Meet Starts Today; Here are Key Things That can be Discussed
Goods and Services (GST) Council will meet on Saturday to discuss on various agenda in New Delhi including GST reduction on Millet-based products, Open health products, GOM on GST Tribunal, More.
Feb 18, 2023, 13:18 PM IST
Nirmala Sitharaman chairs 48th GST Council meeting; no tax increase on any item
"In this 48th GST Council Meeting, there hasn't been any tax increase on any item. No new taxation has been brought in. Everything that has been done is to issue clarifications where the ambiguity of interpretations prevailed, "Sitharaman said at the conclusion of the meeting.
Dec 17, 2022, 18:25 PM IST
Union Budget 2023-24: Will government reduce income tax rates, decriminalise GST law? CII writes to Centre
Union Budget 2023-24: Arguing that the GST law already contains adequate penal provisions for deterrence against evasion of taxes, CII has suggested decriminalisation of GST law.
Nov 20, 2022, 16:09 PM IST
GST collections touch Rs 1,51,718 crore in October, 2nd highest since April
October also saw the second highest collection from domestic transactions, next only to April 2022. This is the ninth month and for eight months in a row now, that the monthly GST revenues have been more than the Rs 1.4 lakh crore mark.
Nov 01, 2022, 13:50 PM IST
Packed frozen Paratha to attract 18% GST, rules Gujarat Gujarat Appellate Authority for Advance Ruling
In a similar ruling, the Karnataka bench of AAR had in 2020 in the case of Bengaluru-based ID Fresh Foods ruled that 'frozen parotas' need further processing before consumption and hence 18 per cent GST should be levied on it.
Oct 14, 2022, 15:49 PM IST
Rummy Culture, Gamezy firm Gameskraft gets Rs 21,000 cr tax notice from GST
The DGGI has now asked Gameskraft to pay GST at 28% on a betting amount totalling Rs 77,000 crore between 2017 and June 30, 2022.
Sep 26, 2022, 21:35 PM IST
Tenants will have to pay 18% GST on house rent? Know the truth behind this claim
There was a lot of confusion regarding payment of GST on housing rent. However, the government has clarified on the issue concerning new GST rules on payment of rental.
Aug 25, 2022, 14:14 PM IST
