GST News
AIDCF Seeks GST Rate Cut on Cable TV Services from 18% to 5%
29 August 2025 at 09:07The AIDCF has urged the government to reduce GST on cable TV services from 18% to 5%, citing rising costs, shrinking margins and OTT competition. The move, it says, would protect MSMEs, enhance affordability and support Digital India goals.
GST Council Likely to End Compensation Cess by October 31, Ahead of Deadline
29 August 2025 at 08:52The 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.
Government May Revive Anti-Profiteering Mechanism Ahead of GST Rate Cuts
29 August 2025 at 08:42The government may revive an anti-profiteering mechanism with the upcoming GST rate rationalisation, ensuring businesses pass on tax benefits to consumers.
GSTN Simplifies Refund Claims Under ASSORD Category with New Functionality
29 August 2025 at 08:34GSTN 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.
GST Relief on Insurance: GoM Seeks Safeguards to Ensure Benefits Reach Policyholders
29 August 2025 at 08:34GoM 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.
GCCI Urges FM for Simplified GST Structure, Industry-Specific Guidance Notes
29 August 2025 at 08:34The 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.
ICAI Releases Updated Handbook on GST Exempted Supplies - April 2025 Edition
28 August 2025 at 09:05ICAI has published the 2025 edition of its Handbook on Exempted Supplies under GST, covering latest amendments till April 15, 2025.
GST Refund Relief for Edible Oils Likely on GST Council Agenda, Says Food Secretary
28 August 2025 at 08:58Food Ministry backs edible oil industry's demand to lift GST refund restrictions. GST Council may discuss the issue in its next meeting.
Multiplex Industry Seeks GST Rationalisation on Movie Tickets to Boost Screen Expansion
28 August 2025 at 08:50High GST is hurting multiplex recovery. Exhibitors propose 5% GST on tickets under Rs 300 to drive affordability and cinema screen expansion.
Karnataka Commercial Taxes Dept Arrests Fake Bill Trader in Multi-Crore GST ITC Scam
27 August 2025 at 08:54The 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.
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