All posts tagged "GST"
-
52BUSINESSGST Rejig Proposed: Life, Health Insurance Premiums Exempt; 5% on 20L Water, Bicycles; 28% on Shoes & Watches
The GoM proposes to reduce rates on several items and hiking on many, and the overall rejig is expected to yield a...
-
41FINANCECan the 12% GST slab be done away with to simplify the tax framework?
The 12 percent Goods and Services Tax (GST) slab contributes only 5 percent to India’s total GST revenue, making it the lowest revenue generator...
-
33FINANCE
GST Compensation Cess Future: Group of Ministers proposes merger with taxes
The group of ministers (GoM) on GST compensation cess, under Minister of State for Finance Pankaj Chaudhary, on Wednesday discussed merger of...
-
60FINANCENew GST amnesty scheme notified: Waiver of interest and penalty on GST tax demand for eligible taxpayers to be effective from November 1, 2024
The Ministry of Finance notified has the rules and procedures to be followed if a GST-registered taxpayer wants to apply for the ‘conditional waiver...
-
34FINANCE
New GST amnesty scheme notified: Waiver of interest and penalty on GST tax demand for eligible taxpayers to be effective from November 1, 2024
The Ministry of Finance notified has the rules and procedures to be followed if a GST-registered taxpayer wants to apply for the ‘conditional waiver...
-
43FINANCEGST Panel Deliberates On Lowering Rate On Health Insurance, Tractors
As tractor segment volumes saw marginal growth (year-on-year) in September, a reduction in GST on tractors will offset the revenue loss, according...
-
89FINANCEGST Rate Cut: Tax on several mass-use products may be reduced
Aministerial panel on GST rate rationalisation is considering lowering GST rates on several mass-use items, including medicines and tractors, to 5%. However,...
-
48NEWS
Supreme Court clarifies GST input tax credit can be claimed on construction for rental services
The Supreme Court of India ruled that if a building’s construction is essential for providing services like leasing or renting, it could fall under the ‘plant’...
-
49ITR
GST Collections Rise 6.5% YoY To Rs 1.73 Lakh Crore In September 2024
India collected Rs 1.73 lakh crore in gross goods and services tax in September Read More: Income Tax Audit Report Deadline Extended...
-
51FINANCE
Big news for GST taxpayers: Clear old dues without extra costs. Here is what you need to know
The government has notified significant changes to the Goods and Services Tax (GST) laws, giving businesses a chance to have certain interest...
