The Finance Ministry has exempted GST-registered taxpayers with turnover up to Rs 2 crore from filing annual returns (Form GSTR-9) for FY 2024-25 onwards, reducing compliance burden on small businesses.
The Finance Ministry has notified that appeals involving identical legal issues across States, provisions under IGST Act sections 14/14A, and CGST Act section 20 will be heard only by the Principal Bench of the GST Appellate Tribunal.
The Finance Ministry has notified June 30, 2026, as the last date to file pending GST appeals before the Appellate Tribunal for orders issued before April 1, 2026. For orders after April 1, 2026, appeals must be filed within three months.
The Finance Ministry has notified GST Notification No. 15/2025 revising tax rates on services including transport, courier, job work, wellness and professional services.
Finance Ministry clarifies hotels charging up to Rs 7,500 per room per day will pay 5% GST without ITC, raising concerns for the hospitality sector.
Finance Ministry FAQs clarify GST changes on medicines, drones, hotels, insurance & delivery services. No recall or re-labelling needed before Sept 22.
NPPA fixes retail prices of key drug combinations for diabetes and pain relief, ensuring affordability under the DPCO, 2013.
Finance Ministry may review IMMA’s plea to keep all micronutrient fertilisers under 5% GST, addressing concerns over inverted duty and farm costs.
Insurers face backlash for raising premiums despite GST exemption on health and life insurance; analysts accuse regulator IRDAI of inaction.
India may phase out the transit pass system for mineral transport and shift to GST invoicing to boost transparency and curb revenue leakages.