All posts tagged "GST"
-
61FINANCENew 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...
-
46FINANCEGST 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...
-
110FINANCEGST 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,...
-
60NEWS
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’...
-
58ITRGST 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...
-
73FINANCE
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...
-
95FINANCE
GST relief: No need to pay interest and penalty on GST tax demand; conditional waiver from November 1, 2024
The Ministry of Finance has notified various sections including 128A of the Goods and Services (GST) Act with effect from November 1, 2024. Announced...
-
46BUSINESSPetrol, diesel to come under GST soon? ‘Currently in the situation…’ – Union Minister Hardeep Singh Puri
Petrol and Diesel Under GST: Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has once again called upon to come...
-
69FINANCE
GST cess may stay beyond FY26, to take a new form
With most states not keen to let go of revenues, the Goods and Services tax (GST) compensation cess will likely be retained beyond January...
-
87ITR
Tax on 100 items to be slashed? GST’s rate rationalisation panel to decide next month
The Group of Ministers (GoM) on GST rate rationalisation has reviewed the possibility of revising tax rates on over 100 items, aiming...
