GST News

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 | 9201 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 | 309 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 | 1470 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 | 372 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 | 852 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 | 870 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 | 438 Views

GSTN Issues Advisory on Issuance of Notices/Orders without Digital Signatures of the Issuing Authorities

27 September 2024 at 09:04

Doubts have been created regarding the validity of documents issued by the tax officers on the common portal viz. Show cause Notices

Posted in GST | 3225 Views

GSTN CEO Confirms Completion of Design Architecture for B2C E-Invoicing for Retailers

26 September 2024 at 09:20

The design architecture for implementing GST e-invoicing for retailers is nearly finalized and undergoing expert review, according to GST Network CEO Manish Kumar Sinha.

Posted in GST | 5055 Views

CBIC Official: Data Discrepancies Behind Most GST Show-Cause Notices in 2023-24

26 September 2024 at 09:16

A significant number of the show-cause notices issued to taxpayers under the GST regime in 2023-24 stemmed from data discrepancies in tax return filings, a senior indirect tax official said on Tuesday.

Posted in GST | 8598 Views