GST News
GST Council Imposes 18% GST on Private School Affiliation Fees
14 September 2024 at 09:17The 54th GST Council meeting brought an unexpected blow to private schools affiliated with boards such as the Punjab School Education Board (PSEB) and the Central Board of Secondary Education (CBSE).
Experts Highlight Excessive IGST Allocation to States, Urge for Corrective Measures
13 September 2024 at 09:20The Central Government has established an internal committee to investigate the "negative balance" in IGST collections, a move that tax experts attribute to excessive IGST transfers to some states due to settlement discrepancies
4 GST Officials Arrested for Fake Raid, Extortion of Rs 1.5 Crore from Bengaluru Businessman
13 September 2024 at 09:19In a shocking development, four officials of the Goods and Services Tax (GST) department were arrested on Wednesday by the Central Crime Branch (CCB) in Bengaluru.
Finance Ministry Grants GST Relief to Advertising Agencies and Automobile Dealers
13 September 2024 at 09:18On Wednesday, the Union Finance Ministry issued several circulars, providing much-needed relief to various sectors, including the automotive industry, data hosting services, advertising agencies catering to foreign clients, and exporters.
E-Invoicing System to Enable GST Refunds for Foreign Tourists
12 September 2024 at 09:16In a significant move aimed at boosting tourism and aligning with global practices, the GST Council on Monday announced steps towards refunding GST to foreign tourists purchasing goods in India
Top IT Firms TCS, Infosys, Tech Mahindra Hit with Wave of GST Notices Across Multiple States
12 September 2024 at 09:13Over the past six to seven weeks, leading Indian IT firms, including Tata Consultancy Services (TCS), Infosys, Tech Mahindra, and LTIMindtree, have been hit with a wave of penalty and tax orders from GST departments nationwide.
Ram Temple Construction in Ayodhya to Generate Rs 400 Crore in GST Revenue: Champat Rai
12 September 2024 at 09:08Speaking at an event in Indore, Madhya Pradesh, on Monday, Champat Rai, the General Secretary of Shri Ram Janmabhoomi Teerth Kshetra Trust, said that the ongoing construction of the temple in Ayodhya will make a contribution of about Rs 400 crore for
Industry Leaders Applaud GST Council's Decision on Rate Cuts
12 September 2024 at 09:05The GST Council's 54th meeting brought a wave of optimism across various industries with the announcement of critical rate cuts and policy adjustments.
GST Tweak on Commercial Rentals Set to Boost Government Revenue, Say Experts
12 September 2024 at 09:01GST Council has decided to bring the renting of commercial properties under the Reverse Charge Mechanism (RCM), a decision that is expected to increase the compliance burden for tenants
GST Exemption Granted for Research Grants to Educational Institutions
11 September 2024 at 09:18In a recent decision by the GST Council, universities and research centres set up under Central & State Governments Acts or those availing income tax Exemption shall exempt from paying GST on research funds.
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