GST News

AMMK General Secretary Urges Central Government to Abolish 18% GST on Cable TV Services

25 October 2024 at 08:48

AMMK General Secretary TTV Dhinakaran has called for the central government to eliminate the 18% GST on cable TV services, emphasizing the need for more affordable access to television.

Posted in GST | 1125 Views

GST Clarity for Film Industry: Producers Guild's Four-Year Efforts Yield Victory

24 October 2024 at 08:54

In a landmark decision, the Ministry of Finance has issued a clarification regarding the Goods and Services Tax (GST) applicable to film distribution before October 2021, providing significant relief to the Indian film industry.

Posted in GST | 2145 Views

Leather Company Worker in Ambur Receives Rs 2.3 Crore GST Notice in Fraud Case

24 October 2024 at 08:54

In a shocking incident highlighting the misuse of personal data for tax fraud, Rani Babu, a 58-year-old housekeeper from Ambur, was stunned to receive a GST notice amounting to Rs 2.39 crore from the Commercial Taxes Department in Tiruchy.

Posted in GST | 801 Views

GST Reduction to Make Insurance More Affordable, Says Finance Department Joint Secretary

24 October 2024 at 08:54

The Department of Finance’s Joint Secretary has hinted at a potential reduction in Goods and Services Tax (GST) on life and health insurance premiums, making them more affordable for customers, as per a report.

Posted in GST | 1635 Views

GSTN Introduces Bank Account Validation for Non-Core Amendments

23 October 2024 at 08:47

GSTN has implemented a validation process for cases where a taxpayer attempts a non-core amendment to update bank account details.

Posted in GST | 3249 Views

GSTN Issues Advisory for GST REG-07

23 October 2024 at 08:46

GSTN has introduced an update to facilitate the registration compliance for buyers of metal scrap through form GST REG-07.

Posted in GST | 4599 Views

Softy Ice-Cream Mix Classified as Sugar-Based, Will Attract 18% GST: AAR Ruling

22 October 2024 at 08:45

In a recent ruling, the Rajasthan bench of the GST AAR determined that the softy ice-cream mix, sold by VRB Consumer Products, is primarily sugar-based, and not a milk product. As a result, it will attract a Goods and Services Tax (GST) rate of 18%.

Posted in GST | 777 Views

GST Scam Exposes 35 Accused, Chartered Accountants in the Spotlight

22 October 2024 at 08:41

In a rapidly unfolding investigation into a multi-crore GST scam, 35 individuals have been named as accused, including Siddharth Barad, nephew of BJP MLA Bhaga Barad.

Posted in GST | 1398 Views

GST Panels Propose Major Rate Changes for 100+ Products

22 October 2024 at 08:41

The GoM will submit its recommendations to the GST Council by October-end, which will make the final decision. Additionally, the panel also addressed the GST on around 100 products.

Posted in GST | 2235 Views

GoM Proposes GST Exemption on Life and Health Insurance Premiums for Senior Citizens

21 October 2024 at 08:42

In a significant development for the insurance sector, the Group of Ministers (GoM) has proposed exempting Goods and Services Tax (GST) on term life insurance premiums and health insurance premiums paid by senior citizens.

Posted in GST | 1905 Views