The Central Government has established an internal committee to investigate the "negative balance" in IGST collections, a move that tax experts attribute to excessive IGST transfers to some states due to settlement discrepancies
In a shocking development, four officials of the Goods and Services Tax (GST) department were arrested on Wednesday by the Central Crime Branch (CCB) in Bengaluru.
On Wednesday, the Union Finance Ministry issued several circulars, providing much-needed relief to various sectors, including the automotive industry, data hosting services, advertising agencies catering to foreign clients, and exporters.
In a significant move aimed at boosting tourism and aligning with global practices, the GST Council on Monday announced steps towards refunding GST to foreign tourists purchasing goods in India
Over the past six to seven weeks, leading Indian IT firms, including Tata Consultancy Services (TCS), Infosys, Tech Mahindra, and LTIMindtree, have been hit with a wave of penalty and tax orders from GST departments nationwide.
Speaking at an event in Indore, Madhya Pradesh, on Monday, Champat Rai, the General Secretary of Shri Ram Janmabhoomi Teerth Kshetra Trust, said that the ongoing construction of the temple in Ayodhya will make a contribution of about Rs 400 crore for
The GST Council's 54th meeting brought a wave of optimism across various industries with the announcement of critical rate cuts and policy adjustments.
GST Council has decided to bring the renting of commercial properties under the Reverse Charge Mechanism (RCM), a decision that is expected to increase the compliance burden for tenants
In a recent decision by the GST Council, universities and research centres set up under Central & State Governments Acts or those availing income tax Exemption shall exempt from paying GST on research funds.
The 54th GST Council Meeting reviewed the 28% GST rates on online gaming, casinos, and race courses but opted not to make any changes to the existing tax regime.
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