Do you need to pay GST on withdrawing of cash from bank, GST on cheque books? Here is what FM Nirmala Sitharaman said
The ongoing monsoon session of Parliament has witnessed several disruptions by the opposition after GST was imposed on several pre-packed and labelled essential items.
Aug 03, 2022, 12:29 PM IST
GST Update: E-invoice to be mandatory for B2B deals for biz with turnover of Rs 10 crore from October 1
"The progressive reduction of the e-invoicing threshold indicates that, over a period of time, e-invoicing will become mandatory for all categories of GST taxpayers," Mani said.
Aug 03, 2022, 09:42 AM IST
No GST on funeral, cremation, burial, or mortuary services: FM Nirmala Sitharaman clarifies in Lok Sabha
Finance Minister Nirmala Sitharaman on Monday told the Lok Sabha that there is no GST on funeral, cremation, burial, or mortuary services. The opposition has alleged that the price hike has led to the people's anger.
Aug 02, 2022, 09:43 AM IST
GST collections in July second highest ever, rise 28% year-on-year to Rs 1.49 lakh crore
In June 2022, total GST collections were at Rs 1.44 lakh crore.
Aug 01, 2022, 13:59 PM IST
FM Nirmala Sitharaman tweets list of items that will not attract any GST when sold loose --Check the list here
FM Sitharaman said, recently, the GST Council in its 47th meeting recommended to reconsider the approach for imposition of GST on specified food items like pulses, cereals, flour, etc. There have been a lot of misconceptions about this that have been spread.
Jul 19, 2022, 16:27 PM IST
Bank, hospital, hotel services to be costlier from today, July 18 --Here is why
In a bid to boost the government’s revenue, the council has decided to impose higher Goods and Services Tax (GST) on a host of household items and other services.
Jul 18, 2022, 09:08 AM IST
Pay more GST on THESE important items, services from today: Complete list of things that are becoming more expensive from July 18
From today, July 18, the prices of several essential commodities and services are going to increase as the decision was taken at the 47th GST meeting chaired by FM Nirmala Sitharaman.
Jul 18, 2022, 08:15 AM IST
Finance Ministry seeks industry views on changes in monthly GST payment form by September 15
The GST Council in its meeting last month recommended that the changes in GSTR-3B or monthly tax payment form be placed in public domain for seeking inputs and suggestions of the stakeholders.
Jul 15, 2022, 15:30 PM IST
Common man to pay more GST from Monday: Complete list of items that are becoming more expensive from July 18
From July 18, the prices of several essential commodities and services are going to increase as the decision was taken at the 47th GST meeting chaired by FM Nirmala Sitharaman.
Jul 15, 2022, 09:45 AM IST
Drinking Milk will be expensive from NEXT week, BIG setback for 'COMMON MAN' after Nirmala Sitharaman announces THIS
From July 18, the prices of several essential commodities are going to increase. From now on, you will have to pay more for daily food items. The decision was taken at the 47th GST meeting chaired by FM Nirmala Sitharaman said. She said that GST rates will increase on some new products and some goods and services from July 18, 2022.
Jul 13, 2022, 08:32 AM IST
Har Ghar Tiranga: No GST on sale of national flag, says Finance Ministry
The finance ministry said that sale of the Indian national flag, irrespective of whether machine made or of polyester, is exempt from the Goods and Services Tax (GST).
Jul 09, 2022, 13:12 PM IST
GST on Hospital Admission: 5% GST on non-ICU hospital rooms above Rs 5K will not hit affordable healthcare, says Revenue secy
Responding to the representations of the industry, revenue secretary Tarun Bajaj also rejected the demand for zero-rating for healthcare industry saying such "carve-outs" may generate similar demands from other sectors, like education, and put upward pressure on taxation of other items in the GST net.
Jul 07, 2022, 08:58 AM IST
New GST rule 2022 notified by govt, to benefit lakhs of companies in India
With the amendments notified by the Central Board of Indirect Taxes and Customs (CBIC), businesses have also been allowed to make tax payments on the GSTN portal by using IMPS and UPI payment modes.
Jul 06, 2022, 15:03 PM IST
Highest 28% GST on luxury, sin goods to continue: Revenue Secy
Addressing the industry leaders, Bajaj said the rate rationalisation exercise of the GST Council is a result of introspection of GST, five years after its rollout, and the policymakers do not have a "fetish" to raise the tax rates to the revenue-neutral level of 15.5 per cent.
Jul 04, 2022, 15:24 PM IST
GST collections in June up 56% to Rs 1.44 lakh crore in June
Sitharaman said Rs 1.4 lakh crore is the "rough bottom line" now for GST collections.
Jul 01, 2022, 15:25 PM IST
47th GST Council meet: Curd, paneer, hotels, bank facilities to get expensive -- Check full list
The 47th meeting of the GST Council has approved imposing GST on new items and increasing the tax on a few items.
Jun 29, 2022, 18:09 PM IST
47th GST Council meeting underway: States' compensation, easier e-commerce suppliers' registration, tax tweaks on cards
Further, the meeting of the Council, chaired by the Union Finance Minister Nirmala Sitharaman and comprising state counterparts, will also clear levying the highest tax of 28 per cent on online games, casinos and horse racing, besides, measures to curb tax evasion, especially devising ways to tackle high-risk taxpayers in GST.
Jun 28, 2022, 14:05 PM IST
Reduce GST on drugs, make available indigenous vaccines for affordable cancer treatment in India, suggests Parl panel
Health secretary Rajesh Bhushan, Indian Council of Medical Research DG Dr Balram Bhargava, Director General Health Services Atul Goyal were among the officers present in the meeting.
Jun 28, 2022, 08:39 AM IST
GST Council Meet: Rate Changes on some items, states compensation top agenda
The 47th meeting of the GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and UTs, is scheduled for June 28-29. The Council is meeting after a gap of six months.
Jun 27, 2022, 09:45 AM IST
GST compensation cess extended till March 2026, govt notifies
The levy of GST compensation cess on some products and services has already been extended until March 2026 to compensate states for borrowings and arrears of compensation paid in the previous two fiscal years.
Jun 25, 2022, 12:23 PM IST
