GST News

GSTN Restores Archived July and August 2017 GST Returns Data

30 September 2024 at 09:09

In view of the requests received from the trade due to the difficulties faced, data has been restored back on the portal.

Posted in GST | 1476 Views

Taxpayers Rejoice: New Section 128A Waives Interest and Penalties on Specific Tax Demands

28 September 2024 at 16:13

In a significant move aimed at alleviating tax burdens, the CGST Act has introduced a new section, 128A, which offers considerable relief for taxpayers regarding tax liabilities incurred between July 1, 2017, and March 31, 2020.

Posted in GST | 6294 Views

CGST Section 16 Revised: Taxpayers Gain Relief with New ITC Claim Provisions for 2017-2021

28 September 2024 at 15:59

In a significant update to the Central Goods and Services Tax (CGST) Act, Section 16 has been amended with the insertion of two new sub-sections.

Posted in GST | 46137 Views

Finance Ministry Notifies Effective Dates for Various Provisions of the Finance (No. 2) Act, 2024

28 September 2024 at 09:30

The Ministry of Finance has issued Notification No. 17/2024-Central Tax on September 27, 2024, outlining the commencement dates for several provisions of the Finance (No. 2) Act, 2024.

Posted in GST | 9171 Views

Kerala Government's Move to Push Taxation Laws Amendment Ordinance Raises Concerns Ahead of Assembly Session

28 September 2024 at 09:24

The Kerala government's decision to promulgate the Kerala Taxation Laws Amendment 2024 Ordinance has sparked debates about the appropriateness of the move, especially with the next Assembly session scheduled to begin on October 4.

Posted in GST | 306 Views

GST Rate Rationalisation: GoM Considers Scrapping 12% Slab, Next Meeting Set for October 20

28 September 2024 at 09:21

The GoM on GST rate rationalisation, led by Bihar Deputy Chief Minister Samrat Chaudhary, is considering tax relief on more than 100 items to ease the burden on the common man.

Posted in GST | 1461 Views

GoM Proposes GST Cut on Educational Materials, Hike for High-Value Apparel

27 September 2024 at 09:15

The Group of Ministers (GoM) on GST rate rationalisation, in its meeting held in Goa on Wednesday, expressed support for reducing the GST rate on education materials from 12% to 5% to provide relief to a broad section of the population.

Posted in GST | 363 Views

GoM Fails to Reach Consensus on GST Rate Rationalisation, Over 100 Items Reviewed

27 September 2024 at 09:11

The Group of Ministers (GoM) on GST rate rationalisation, which convened in Goa on Wednesday, reviewed GST rates for over 100 items, including textiles, handloom goods, agricultural products, fertilisers, and educational materials.

Posted in GST | 846 Views

GoM Meeting: No Final Decision on GST Rate Cut for Life and Health Insurance

27 September 2024 at 09:09

The GoM meeting held on 25th September 2024, ended without a final decision on the proposal to reduce GST rates on life and health insurance.

Posted in GST | 867 Views

GoM Meeting in Goa Decides No Further GST Exemptions for Long-Term Land Leases

27 September 2024 at 09:07

The fourth meeting of the Group of Ministers (GoM) on boosting the real estate sector, hosted by Goa Chief Minister Pramod Sawant on September 24, 2024, concluded with a key decision to maintain the existing Goods and Services Tax (GST) regime.

Posted in GST | 420 Views