CAclubindia News

GST Hike on Used Vehicles May Drive More Transactions to Informal Channels

26 December 2024 at 09:01

The GST Council's recent proposal to increase the Goods and Services Tax (GST) rate on used vehicles from 12% to 18% has sparked concerns about its potential impact on India’s formal used car market.

Posted in GST | 2154 Views

New GST Mechanism to Simplify Registration for Small Businesses and New Applicants

26 December 2024 at 09:00

The GST Council, in its December 21, 2024, meeting, granted 'in-principle' approval to a new mechanism aimed at simplifying the registration process for new and small businesses.

Posted in GST | 3171 Views

Ministry of Finance Year Ender 2024: Key Highlights from the Department of Revenue

26 December 2024 at 08:59

In the year 2024, the Central Board of Direct Taxes (CBDT) and Central Board of Indirect taxes and Customs (CBIC), under the Department of Revenue, Ministry of Finance, have continued their citizen-centric initiatives, driving significant reforms

Posted in Income Tax | 1866 Views

GST Council Nullifies SC Ruling on Safari Retreats, Shaking Up Real Estate ITC Claim

25 December 2024 at 09:51

The GST Council's recent decision to retrospectively amend the GST law, restricting input tax credit (ITC) on construction services, has sent ripples across the real estate and infrastructure sectors.

Posted in GST | 1 comments | 3918 Views

GST on SaaS Model: Ride-Hailing Platforms Seek Clarity Amid Delayed GST Council Decision

25 December 2024 at 09:47

The GST Council’s decision to defer discussions on the taxation of the Software-as-a-Service (SaaS) model for ride-hailing platforms has left the industry in limbo, sparking concerns over innovation, investment, and the gig economy's future.

Posted in GST | 1833 Views

GST Collections in 2024: Record Revenues Amid Enforcement Measures

25 December 2024 at 09:26

2024 has been a landmark year for India's Goods and Services Tax (GST) regime, achieving record-breaking revenue collections and rolling out targeted measures to curb tax evasion.

Posted in GST | 534 Views

ICAI Issues January 2025 Intermediate Guidance Notes on Exhausted Exemptions

25 December 2024 at 09:09

Intermediate January 2025 Guidance Notes for Continuing the Exhausted Exemptions - Making

Posted in Students | 2196 Views

GST Council Takes a Cautious Approach to Key Issues, Says Ajay Seth

24 December 2024 at 09:17

Economic Affairs and Revenue Secretary Ajay Seth, on Sunday, December 22, shed light on the GST Council's cautious stance on several complex issues discussed during its recent meeting.

Posted in GST | 1632 Views

GST Council Clarifies Taxation on Popcorn, No Change in Existing Rates

24 December 2024 at 09:14

The GST Council, during its 55th meeting on Saturday, clarified the taxation rules for popcorn, reaffirming that there would be no change in the existing rates...

Posted in GST | 3366 Views

GSTN Issues Advisory for Entry of Receipt Numbers Pertaining to Leased Wagons in the E-Way Bill System

24 December 2024 at 09:10

Guidelines for Accurate Entry of Receipt Numbers in the E-Way Bill (EWB) System for Leased Wagons

Posted in GST | 1725 Views