GST News
AMMK General Secretary Urges Central Government to Abolish 18% GST on Cable TV Services
25 October 2024 at 08:48AMMK General Secretary TTV Dhinakaran has called for the central government to eliminate the 18% GST on cable TV services, emphasizing the need for more affordable access to television.
GST Clarity for Film Industry: Producers Guild's Four-Year Efforts Yield Victory
24 October 2024 at 08:54In a landmark decision, the Ministry of Finance has issued a clarification regarding the Goods and Services Tax (GST) applicable to film distribution before October 2021, providing significant relief to the Indian film industry.
Leather Company Worker in Ambur Receives Rs 2.3 Crore GST Notice in Fraud Case
24 October 2024 at 08:54In a shocking incident highlighting the misuse of personal data for tax fraud, Rani Babu, a 58-year-old housekeeper from Ambur, was stunned to receive a GST notice amounting to Rs 2.39 crore from the Commercial Taxes Department in Tiruchy.
GST Reduction to Make Insurance More Affordable, Says Finance Department Joint Secretary
24 October 2024 at 08:54The Department of Finance’s Joint Secretary has hinted at a potential reduction in Goods and Services Tax (GST) on life and health insurance premiums, making them more affordable for customers, as per a report.
GSTN Introduces Bank Account Validation for Non-Core Amendments
23 October 2024 at 08:47GSTN has implemented a validation process for cases where a taxpayer attempts a non-core amendment to update bank account details.
GSTN Issues Advisory for GST REG-07
23 October 2024 at 08:46GSTN has introduced an update to facilitate the registration compliance for buyers of metal scrap through form GST REG-07.
Softy Ice-Cream Mix Classified as Sugar-Based, Will Attract 18% GST: AAR Ruling
22 October 2024 at 08:45In a recent ruling, the Rajasthan bench of the GST AAR determined that the softy ice-cream mix, sold by VRB Consumer Products, is primarily sugar-based, and not a milk product. As a result, it will attract a Goods and Services Tax (GST) rate of 18%.
GST Scam Exposes 35 Accused, Chartered Accountants in the Spotlight
22 October 2024 at 08:41In a rapidly unfolding investigation into a multi-crore GST scam, 35 individuals have been named as accused, including Siddharth Barad, nephew of BJP MLA Bhaga Barad.
GST Panels Propose Major Rate Changes for 100+ Products
22 October 2024 at 08:41The GoM will submit its recommendations to the GST Council by October-end, which will make the final decision. Additionally, the panel also addressed the GST on around 100 products.
GoM Proposes GST Exemption on Life and Health Insurance Premiums for Senior Citizens
21 October 2024 at 08:42In a significant development for the insurance sector, the Group of Ministers (GoM) has proposed exempting Goods and Services Tax (GST) on term life insurance premiums and health insurance premiums paid by senior citizens.
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