GST News
GSTN Issues Advisory on Mandatory Sequential Filing of GSTR-7 Returns
05 December 2024 at 09:04Advisory on Mandatory Sequential Filing of GSTR-7 Returns as per Notification No. 17/2024
CBIC Clarifies: Media Reports on GST Rate Changes Are Premature and Speculative
04 December 2024 at 09:03GST Council has neither received nor deliberated on any recommendations from the GoM. Until the GoM submits its report, and the Council discusses and makes decisions, any reports regarding GST rate changes remain speculative and without an official basis.
FM Sitharaman Signals Possible GST Reduction on Life and Health Insurance Premiums
04 December 2024 at 08:49Finance Minister Nirmala Sitharaman has suggested that a reduction in the GST on life and health insurance premiums could lead to lower costs for policyholders.
75% of GST Revenue Comes from 18% Slab, Reveals MoS Finance
04 December 2024 at 08:46In the fiscal year 2023-24, approximately 70-75% of GST revenues were generated from the 18% tax slab, while the 12% slab contributed just 5-6% of the total collection.
Central Tax Officials Uncover Rs 824 Crore GST Evasion by Cryptocurrency Exchanges
04 December 2024 at 08:45Central tax officials have uncovered goods and services tax (GST) evasion amounting to ₹824.14 crore across 17 cryptocurrency exchanges, Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha on December 2.
Record Rs 1.82 Lakh Crore GST Collection in November Marks 8.5% Growth
02 December 2024 at 09:07India's GST revenue for November 2024 recorded a significant growth of 8.5% compared to November 2023, reaching a total of ₹1,82,269 crore.
Finance Ministry Issues Corrigendum to Amend GSTAT State Bench Jurisdictions
30 November 2024 at 09:13The Ministry of Finance, Department of Revenue, has issued a Corrigendum (F. No. A-50050/99/2024-GSTAT-DOR) dated November 29, 2024, revising its earlier notification from November 26, 2024. The corrigendum amends the jurisdiction of State Benches of
GSTN Issues Advisory On E-Invoice Glossary and Steps
30 November 2024 at 09:12GSTN has prepared an informative resource in the form of an e-invoice glossary and a step-by-step guide for your reference.
Petroleum Ministry Pushes for Natural Gas Under GST
30 November 2024 at 09:11The Ministry of Petroleum and Natural Gas has proposed including natural gas in the Goods and Services Tax (GST) framework, a move aimed at streamlining taxation and benefiting key industries like fertilizers and steel.
GST Collections in Nov 2024 Likely to Surpass Rs 1.87 Lakh Crore, Driven by Festive Demand
29 November 2024 at 09:01Goods and Services Tax (GST) revenue for November 2024 is expected to surpass October's collection of Rs 1.87 lakh crore, according to a senior government official.
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