GST News
FM Urges Industry to Leverage PLI Schemes for Accelerated Investments
09 September 2024 at 09:12Finance Minister Nirmala Sitharaman, addressing the Southern India Chamber of Commerce and Industry in Chennai on Thursday, called on Indian industries to invest in expanding their capacity to meet India's growing needs.
Lower GST on Insurance May Not Benefit Buyers, Experts Warn
09 September 2024 at 09:10States have been asked to proceed with the implementation of the measures to cut GST on health and life insurance; however, there is now a worry that, without an anti-profiteering authority to oversee it, insurers may not pass the savings from the lo
Ahmedabad Businessman Denied Bail in Rs 175.93 Crore GST Refund Scam
09 September 2024 at 09:08In a significant development, the Ahmedabad Sessions Court has rejected the bail plea of 43-year-old businessman Anilkumar Babulal Runthala, arrested for his alleged involvement in a Rs 175.93 crore GST refund scam.
54th GST Council Meet to Discuss Extending E-Invoicing Mandate to B2C Transactions
07 September 2024 at 09:06Introducing massive change for business on aggregate across India, the GST Council is all set to talk about the expansion of e-invoicing norms to business-to-consumer (B2C) sales in the GST Council meeting on Monday.
FM Sitharaman: No Centre-State Friction on GST, Federal Structure Must Be Respected
07 September 2024 at 09:06Union Finance Minister Nirmala Sitharaman has dismissed claims of "friction" between the Centre and states over Goods and Services Tax (GST), emphasizing the importance of respecting India's federal structure in economic reforms.
New GST Filing Rules to Boost Transparency and Efficiency, Experts Highlight Key Changes
07 September 2024 at 09:04The recent changes to GST return filing rules, as per Notification No. 12/2024 – Central Tax, dated July 10, 2024, are set to simplify the tax filing process for businesses and enhance transparency.
54th GST Council Meeting to Focus on GoM Reports on Rate Rationalization and Real Estate Reforms
07 September 2024 at 09:04The 54th meeting of the GST Council is set for September 9, 2024, in New Delhi, with a comprehensive agenda that includes updates from two key Groups of Ministers (GoM).
GSTN: Biometric-Based Aadhaar Authentication Rolled Out for GST Registration in Bihar, Delhi, Karnataka & Punjab
07 September 2024 at 09:03Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Bihar, Delhi, Karnataka and Punjab
GST Below Revenue Neutral Rate, Easing Taxpayer Burden: FM Nirmala Sitharaman
06 September 2024 at 09:08Ahead of the GST Council meeting on September 9, Union Finance Minister Nirmala Sitharaman emphasized that the current GST rate of 12.2% is significantly lower than the revenue neutral rate (RNR) of 15.3%.
GST Payments Now Accepted by 29 Banks
06 September 2024 at 09:01The GSTN has added banks for acceptance of GST payments and among them Bandhan Bank Limited and IDFC First Bank Limited. By this addition, the cumulative of the banks which are connected to the GST portal now stands at 29; this makes it easier for ta
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