CAclubindia News

54th GST Council Meet to Discuss Extending E-Invoicing Mandate to B2C Transactions

07 September 2024 at 09:06

Introducing massive change for business on aggregate across India, the GST Council is all set to talk about the expansion of e-invoicing norms to business-to-consumer (B2C) sales in the GST Council meeting on Monday.

Posted in GST | 5178 Views

FM Sitharaman: No Centre-State Friction on GST, Federal Structure Must Be Respected

07 September 2024 at 09:06

Union Finance Minister Nirmala Sitharaman has dismissed claims of "friction" between the Centre and states over Goods and Services Tax (GST), emphasizing the importance of respecting India's federal structure in economic reforms.

Posted in GST | 1836 Views

New GST Filing Rules to Boost Transparency and Efficiency, Experts Highlight Key Changes

07 September 2024 at 09:04

The recent changes to GST return filing rules, as per Notification No. 12/2024 – Central Tax, dated July 10, 2024, are set to simplify the tax filing process for businesses and enhance transparency.

Posted in GST | 2115 Views

54th GST Council Meeting to Focus on GoM Reports on Rate Rationalization and Real Estate Reforms

07 September 2024 at 09:04

The 54th meeting of the GST Council is set for September 9, 2024, in New Delhi, with a comprehensive agenda that includes updates from two key Groups of Ministers (GoM).

Posted in GST | 1644 Views

GSTN: Biometric-Based Aadhaar Authentication Rolled Out for GST Registration in Bihar, Delhi, Karnataka & Punjab

07 September 2024 at 09:03

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Bihar, Delhi, Karnataka and Punjab

Posted in GST | 4452 Views

GST Below Revenue Neutral Rate, Easing Taxpayer Burden: FM Nirmala Sitharaman

06 September 2024 at 09:08

Ahead of the GST Council meeting on September 9, Union Finance Minister Nirmala Sitharaman emphasized that the current GST rate of 12.2% is significantly lower than the revenue neutral rate (RNR) of 15.3%.

Posted in GST | 3654 Views

GST Payments Now Accepted by 29 Banks

06 September 2024 at 09:01

The GSTN has added banks for acceptance of GST payments and among them Bandhan Bank Limited and IDFC First Bank Limited. By this addition, the cumulative of the banks which are connected to the GST portal now stands at 29; this makes it easier for ta

Posted in GST | 1437 Views

GST Council to Discuss Relief Measures and Sector-Specific Challenges in 54th GST Meeting

06 September 2024 at 08:56

The 54th GST Council meeting is set for September 9 in New Delhi, with a packed agenda addressing key issues across multiple industries.

Posted in GST | 2100 Views

No GST Exemption for EV Charging at Public Stations, 18% Tax to Continue

06 September 2024 at 08:53

In a recent verdict, the GST Fitment Committee including the state as well as the central revenue officers said 'no' to the request made by the EV industry to remove 18% GST on charging services across public stations.

Posted in GST | 2220 Views

Virat Kohli Emerges as Highest Tax-Paying Indian Sportsperson for FY 2023-24, Dhoni and Tendulkar in Top 3

05 September 2024 at 09:20

According to a recent report, Virat Kohli leads the pack as the highest tax-paying Indian sportsperson for the financial year 2023-24, contributing a staggering Rs 66 crore to the government.

Posted in Income Tax | 3225 Views