GST News

GST Council Likely to End Compensation Cess by October 31, Ahead of Deadline

29 August 2025 at 08:52

The GST Council is likely to end compensation cess collection by October 31, 2025, ahead of the March 2026 deadline, as pandemic-era loan repayments near completion.

Posted in GST | 1857 Views

Government May Revive Anti-Profiteering Mechanism Ahead of GST Rate Cuts

29 August 2025 at 08:42

The government may revive an anti-profiteering mechanism with the upcoming GST rate rationalisation, ensuring businesses pass on tax benefits to consumers.

Posted in GST | 1239 Views

GSTN Simplifies Refund Claims Under ASSORD Category with New Functionality

29 August 2025 at 08:34

GSTN simplifies refund claims under the ASSORD category, allowing taxpayers to claim refunds on negative minor head balances even when the overall demand is zero or positive, with auto-populated fields and guided tooltips for ease.

Posted in GST | 1467 Views

GST Relief on Insurance: GoM Seeks Safeguards to Ensure Benefits Reach Policyholders

29 August 2025 at 08:34

GoM on Life and Health Insurance, chaired by Bihar Deputy CM Samrat Choudhary, has reached an in-principle agreement to reduce GST on individual insurance policies, with states stressing transparency to ensure benefits reach policyholders.

Posted in GST | 1098 Views

GCCI Urges FM for Simplified GST Structure, Industry-Specific Guidance Notes

29 August 2025 at 08:34

The GCCI has urged FM Sitharaman to simplify GST by merging slabs, correcting inverted duty structures, reducing rates on essentials, and publishing sector-specific guidance notes to ease compliance and boost tax transparency.

Posted in GST | 141 Views

ICAI Releases Updated Handbook on GST Exempted Supplies - April 2025 Edition

28 August 2025 at 09:05

ICAI has published the 2025 edition of its Handbook on Exempted Supplies under GST, covering latest amendments till April 15, 2025.

Posted in GST | 420 Views

GST Refund Relief for Edible Oils Likely on GST Council Agenda, Says Food Secretary

28 August 2025 at 08:58

Food Ministry backs edible oil industry's demand to lift GST refund restrictions. GST Council may discuss the issue in its next meeting.

Posted in GST | 429 Views

Multiplex Industry Seeks GST Rationalisation on Movie Tickets to Boost Screen Expansion

28 August 2025 at 08:50

High GST is hurting multiplex recovery. Exhibitors propose 5% GST on tickets under Rs 300 to drive affordability and cinema screen expansion.

Posted in GST | 1323 Views

Karnataka Commercial Taxes Dept Arrests Fake Bill Trader in Multi-Crore GST ITC Scam

27 August 2025 at 08:54

The Karnataka Commercial Taxes Department has arrested Bidar resident Rahul Kishan Rao Kulkarni in Hyderabad for creating fake GST registrations and issuing bogus invoices worth crores to facilitate fraudulent ITC claims.

Posted in GST | 534 Views

CBIC Urges Public to Avoid Speculation on GST Rates Ahead of Council Meeting

27 August 2025 at 08:40

CBIC cautions against premature speculation on GST rate changes. Official decisions to be announced after the GST Council meeting on September 3-4, 2025.

Posted in GST | 1392 Views