GST News

4 GST Officials Arrested for Fake Raid, Extortion of Rs 1.5 Crore from Bengaluru Businessman

13 September 2024 at 09:19

In a shocking development, four officials of the Goods and Services Tax (GST) department were arrested on Wednesday by the Central Crime Branch (CCB) in Bengaluru.

Posted in GST | 4200 Views

Finance Ministry Grants GST Relief to Advertising Agencies and Automobile Dealers

13 September 2024 at 09:18

On Wednesday, the Union Finance Ministry issued several circulars, providing much-needed relief to various sectors, including the automotive industry, data hosting services, advertising agencies catering to foreign clients, and exporters.

Posted in GST | 3861 Views

E-Invoicing System to Enable GST Refunds for Foreign Tourists

12 September 2024 at 09:16

In a significant move aimed at boosting tourism and aligning with global practices, the GST Council on Monday announced steps towards refunding GST to foreign tourists purchasing goods in India

Posted in GST | 978 Views

Top IT Firms TCS, Infosys, Tech Mahindra Hit with Wave of GST Notices Across Multiple States

12 September 2024 at 09:13

Over the past six to seven weeks, leading Indian IT firms, including Tata Consultancy Services (TCS), Infosys, Tech Mahindra, and LTIMindtree, have been hit with a wave of penalty and tax orders from GST departments nationwide.

Posted in GST | 3585 Views

Ram Temple Construction in Ayodhya to Generate Rs 400 Crore in GST Revenue: Champat Rai

12 September 2024 at 09:08

Speaking at an event in Indore, Madhya Pradesh, on Monday, Champat Rai, the General Secretary of Shri Ram Janmabhoomi Teerth Kshetra Trust, said that the ongoing construction of the temple in Ayodhya will make a contribution of about Rs 400 crore for

Posted in GST | 1 comments | 1929 Views

Industry Leaders Applaud GST Council's Decision on Rate Cuts

12 September 2024 at 09:05

The GST Council's 54th meeting brought a wave of optimism across various industries with the announcement of critical rate cuts and policy adjustments.

Posted in GST | 480 Views

GST Tweak on Commercial Rentals Set to Boost Government Revenue, Say Experts

12 September 2024 at 09:01

GST Council has decided to bring the renting of commercial properties under the Reverse Charge Mechanism (RCM), a decision that is expected to increase the compliance burden for tenants

Posted in GST | 1 comments | 1713 Views

GST Exemption Granted for Research Grants to Educational Institutions

11 September 2024 at 09:18

In a recent decision by the GST Council, universities and research centres set up under Central & State Governments Acts or those availing income tax Exemption shall exempt from paying GST on research funds.

Posted in GST | 2367 Views

54th GST Council Meeting: No Change in Tax Rates for Online Gaming, Casinos and Race Courses

11 September 2024 at 09:14

The 54th GST Council Meeting reviewed the 28% GST rates on online gaming, casinos, and race courses but opted not to make any changes to the existing tax regime.

Posted in GST | 2103 Views

GST Council to Invoke Section 11A for Retro Tax Relief in Rare Cases: Revenue Secretary

11 September 2024 at 09:13

The newly introduced Section 11A of the GST Act 2017 will be applied only in "rarest of the rare cases" to offer retrospective Goods and Services Tax (GST) relief, clarified Revenue Secretary Sanjay Malhotra after the GST Council's meeting on September 9

Posted in GST | 2559 Views