GST News
54th GST Council Meeting: No Change in Tax Rates for Online Gaming, Casinos and Race Courses
11 September 2024 at 09:14The 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.
GST Council to Invoke Section 11A for Retro Tax Relief in Rare Cases: Revenue Secretary
11 September 2024 at 09:13The newly introduced Section 11A of the GST Act 2017 will be applied only in "rarest of the rare cases" to offer retrospective Goods and Services Tax (GST) relief, clarified Revenue Secretary Sanjay Malhotra after the GST Council's meeting on September 9
GST Collections from Real-Money Gaming Surge 412% to Rs 6909 Crore in 6 Months, Says FM Sitharaman
11 September 2024 at 09:12India's real-money gaming industry witnessed a staggering 412% surge in Goods and Services Tax (GST) collections, totalling ₹6,909 crore during October 2023 to March 2024, as reported by FM Nirmala Sitharaman
54th GST Council Meeting: Key Recommendations on Trade Facilitation and GST Compliance
10 September 2024 at 09:18The GST Council inter-alia made the following recommendations relating to measures for the facilitation of trade and measures for streamlining compliances in GST.
54th GST Council Meeting: Changes/Clarifications in GST Tax Rates
10 September 2024 at 09:15The GST Council inter-alia made recommendations relating to changes in GST tax rates.
54th GST Council Meet Recommends IMS and New Ledgers to Streamline ITC Claims
10 September 2024 at 09:12GSTN released an advisory on September 3, 2024, implementing a new feature call Invoice Management System (IMS) under the portal to assist the taxpayers to correct and amend the invoices with suppliers conveniently.
54th GST Council Meet Recommends Key GST Rate Changes for Services
10 September 2024 at 09:09The GST Council, among other decisions, recommended changes in GST rates for services, offering relief to individuals.
54th GST Council Meet Approves B2C e-Invoicing Pilot for Retail Efficiency
10 September 2024 at 09:06The 54th GST Council Meet recommended rollout of a pilot for B2C e-Invoicing, following the successful implementation of e-invoicing in the B2B sector.
54th GST Council Meeting: Key Highlights
09 September 2024 at 21:50Recommendations during 54th meeting of the GST Council
Payment Firms Hit with GST Demand for Transactions Under Rs 2000: Report
09 September 2024 at 09:15Various payment vendors including BillDesk and CCAvenue have been issued GST demand notice relating to the fee charged to merchants for digital transactions of less than Rs 2000 as per a certain report on 7th September.
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