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Goods and Services Tax News

27 Sep 2024

Petrol, Diesel To Come Under GST Soon? Union Minister Puri Makes BIG Statement

Hardeep Puri was delivering a lecture on `strategy and measures for enhancing India's energy security in the coming decades', organised by the Pune International Centre.

Nirmala Sitharaman

13 Sep 2024

Leaked Video Of Conversation Between Restaurant Owner, FM Lands BJP In Soup

The root of the row goes back to the September 11 event attended by several businessmen and Finance Minister Sitharaman.

10 Sep 2024

What Has Become Cheaper And What Has Become Expensive After GST Council Meet

Over the years, GST has, among others, simplified compliance and reduced the cascading impact of tax.

10 Sep 2024

Will GST On Health, Life Insurance Premiums Be Reduced? Decision In Nov

Currently, 18 per cent GST is levied on health and life insurance premiums.

09 Sep 2024

18% GST On Rs 2,000 Transaction: Payment Aggregators Rue Lack Of Clarity

Reports suggest that if GST is applied retrospectively, payment aggregators may issue legal notices to millions of merchants nationwide to recover the tax.

Goods and Services Tax

02 Sep 2024

State-Wise Growth Of GST Revenues During August 2024 --Check Full List

In July, gross Goods and Services Tax (GST) mop-up was Rs 1.82 lakh crore, while in August last year it was Rs 1.59 lakh crore.

Goods and Services Tax

01 Sep 2024

GST Collections In August Rise 10% Year-On-Year At Rs 1.74 Lakh Crore

In April, the total GST mop-up surged to a record high of Rs 2.10 lakh crore.

Goods and Services Tax

02 Aug 2024

GST Collections Rise 10.3% In July 2024: Check State-Wise Growth Of Revenues

GST revenues had hit a record high of Rs 2.10 lakh crore in April 2024.

Goods and Services Tax

02 Jul 2024

Who Needs GST Registration For Businesses And What Are The Documents Required?

Goods and Services Tax

01 Jul 2024

7 Years Of GST Today: GST Exemption For Start-Ups And Small Businesses

Here's looking at various kinds of GST exemptions for start ups in India.

Goods and Services Tax

01 Jun 2024

GST Collection For May At Rs 1.73 Lakh Crore, Up 10% YoY

or the FY 2024-25 till May, the CGST was Rs 76,255 crore; SGST was Rs 93,804 crore; IGST Rs 1,87,404 crore, and Cess was Rs 25,544 crore.

13 May 2024

Five States Show Interest In Implementing Aadhaar-Based Authentication For GST

Goods and Services Tax (GST) authorities have so far been using OTP-based Aadhaar authentication to establish the identity of the applicants, seeking registration.

02 May 2024

Zomato Receives GST Demand, Penalty Order Of Over Rs 2 Crore

The order consists of Rs 2,22,91,376 in GST demand with interest of Rs 2,08,98,164 and a penalty of Rs 22,29,136 for the April 2018 to March 2019 period.

Goods and Services Tax

02 May 2024

Historic GST Collection In April 2024: Check State-Wise Growth Of GST Revenues

In the month of April, 2024, the central government settled ₹50,307 crore to CGST and ₹41,600 crore to SGST from the IGST collected.

Goods and Services Tax

01 May 2024

Highest Ever GST Collection! Hits Record High Of Rs 2.10 Lakh Crore In April

Check below the Breakdown of April 2024 GST Collections.

12 Apr 2024

Many Large Companies To Move Appellate Authority Against GST Demand Notices

In recent days, an increasing number of GST notices have been sent to many companies mainly on account of alleged discrepancy in input tax credit (ITC).

Goods and Services Tax

01 Apr 2024

GST Collections Creates Another Record With Rs 1.78 Lakh Crore-Mark In March

The Ministry of Finance stated that the increase in GST collection in March 2024 was mainly due to a notable rise in GST collected from transactions within the country

Zomato GST penalty

17 Mar 2024

Zomato Faces Rs 8.6 Crore GST Penalty Notice From Deputy Commissioner

According to Zomato's explanation, the action taken is based on an Adjudication Order issued under Section 73 of the CGST Act, 2017, and GGST Act, 2017.

GST composition scheme

17 Mar 2024

Deadline For GST Composition Scheme Is March 31: Check What It Is & How To Opt

The Composition Scheme under the Goods and Services Tax (GST) offers a straightforward and hassle-free tax solution for small businesses.

22 Nov 2023

Zomato, Swiggy Slapped With Rs 500 Crore GST Notice Each: Report

There is often a dispute between tax officers and food delivery apps regarding the delivery fee, which involves nearly Rs 1000 crore, according to the reports.

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