GST 2.0 Will Further Ease Tax Compliances And Boost Economic Growth
The Finance Minister proposed some measures in the Budget to signal that new GST 2.0 will unlock trade potential and further ease compliances in the tax laws to foster further economic growth.
Sep 22, 2024, 17:09 PM IST
GST Council Forms GoM To Review Tax Rate On Health, Life Insurance; Report By Oct 30
The 54th GST Council meeting on September 9 decided to set up a GoM to examine and review the present tax structure of GST on life and medical insurance.
Sep 15, 2024, 19:41 PM IST
What Has Become Cheaper And What Has Become Expensive After GST Council Meeting? Check
Over the years, GST has, among others, simplified compliance and reduced the cascading impact of tax.
Sep 10, 2024, 15:28 PM IST
Will GST On Health, Life Insurance Premiums Be Reduced? GST Council To Finalise Tax Cuts In November, Sets Up GoM
Currently, 18 per cent GST is levied on health and life insurance premiums.
Sep 10, 2024, 09:11 AM IST
GST Council Meet On September 9: From Taxation On Insurance Premium, Rate Rationalisation --Check Key Expectations
According to industry sources, the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is also likely to discuss the operationalisation of the GST Appellate Tribunal mechanism which is a key step towards streamlining dispute resolution under GST.
Sep 09, 2024, 08:28 AM IST
GST Council meet: Taxation On Insurance Premium, Rate Rationalisation Key Hopes
The meeting is going to deliberate upon whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens.
Sep 08, 2024, 21:04 PM IST
GST Collections In August Rise 10% Year-On-Year At Rs 1.74 Lakh Crore
In April, the total GST mop-up surged to a record high of Rs 2.10 lakh crore.
Sep 01, 2024, 20:15 PM IST
Impact On Infosys Stocks After Karnataka Authorities Withdraw GST Notice Against Company --Expert Explains
Infosys stocks will be in focus today after the Karnataka state authorities have withdrawn Rs 32,403 crore GST notice against the company.
Aug 02, 2024, 09:04 AM IST
Who Needs GST Registration For Businesses And What Are The Documents Required?
Jul 02, 2024, 16:48 PM IST
7 Years Of GST Today: GST Exemption For Start-Ups And Small Businesses
Here's looking at various kinds of GST exemptions for start ups in India.
Jul 01, 2024, 14:55 PM IST
Zomato Receives GST Notice Of Rs 9.5 Crore In Karnataka, Says Will Appeal Against Order
The authority has demanded for GST of Rs 5.01 cr, interest of Rs 3.93 cr and a penalty of Rs 50.19 lac making a total of demand of Rs 9.5 cr.
Jun 30, 2024, 15:56 PM IST
GST Collection For May At Rs 1.73 Lakh Crore, Up 10% YoY
or the FY 2024-25 till May, the CGST was Rs 76,255 crore; SGST was Rs 93,804 crore; IGST Rs 1,87,404 crore, and Cess was Rs 25,544 crore.
Jun 01, 2024, 21:06 PM IST
Five States Including Karnataka Show Interest In Implementing Aadhaar-Based Authentication For GST Registration
Goods and Services Tax (GST) authorities have so far been using OTP-based Aadhaar authentication to establish the identity of the applicants, seeking registration.
May 13, 2024, 19:44 PM IST
Zomato Receives GST Demand, Penalty Order Of Over Rs 2 Crore
The order consists of Rs 2,22,91,376 in GST demand with interest of Rs 2,08,98,164 and a penalty of Rs 22,29,136 for the April 2018 to March 2019 period.
May 02, 2024, 16:12 PM IST
Historic GST Collection In April 2024: Check State-Wise Growth Of GST Revenues During April –Full List
In the month of April, 2024, the central government settled ₹50,307 crore to CGST and ₹41,600 crore to SGST from the IGST collected.
May 02, 2024, 11:09 AM IST
Highest Ever GST Collection! Hits Record High Of Rs 2.10 Lakh Crore In April
Check below the Breakdown of April 2024 GST Collections.
May 01, 2024, 14:09 PM IST
Many Large Companies To Move Appellate Authority Against GST Demand Notices
In recent days, an increasing number of GST notices have been sent to many companies mainly on account of alleged discrepancy in input tax credit (ITC).
Apr 12, 2024, 08:25 AM IST
Hyderabad Restaurant Fined Rs 5K For Denying Free Drinking Water
The complaint was lodged by a resident of Secunderabad, who recounted a distressing experience at the ITLU restaurant in CBI colony.
Apr 10, 2024, 13:57 PM IST
ICICI Securities Gets Rs 66.70 Lakh GST Demand Order
The Gujarat GST authority has demanded about Rs 66.70 lakh GST, along with interest and penalty, for alleged excess claim of GST credit.
Apr 02, 2024, 18:50 PM IST
GST Collections Creates Another Record With Rs 1.78 Lakh Crore-Mark In March
The Ministry of Finance stated that the increase in GST collection in March 2024 was mainly due to a notable rise in GST collected from transactions within the country
Apr 01, 2024, 18:49 PM IST
