GST News

New GST Filing Rules to Boost Transparency and Efficiency, Experts Highlight Key Changes

07 September 2024 at 09:04

The recent changes to GST return filing rules, as per Notification No. 12/2024 – Central Tax, dated July 10, 2024, are set to simplify the tax filing process for businesses and enhance transparency.

Posted in GST | 2160 Views

54th GST Council Meeting to Focus on GoM Reports on Rate Rationalization and Real Estate Reforms

07 September 2024 at 09:04

The 54th meeting of the GST Council is set for September 9, 2024, in New Delhi, with a comprehensive agenda that includes updates from two key Groups of Ministers (GoM).

Posted in GST | 1677 Views

GSTN: Biometric-Based Aadhaar Authentication Rolled Out for GST Registration in Bihar, Delhi, Karnataka & Punjab

07 September 2024 at 09:03

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Bihar, Delhi, Karnataka and Punjab

Posted in GST | 4521 Views

GST Below Revenue Neutral Rate, Easing Taxpayer Burden: FM Nirmala Sitharaman

06 September 2024 at 09:08

Ahead of the GST Council meeting on September 9, Union Finance Minister Nirmala Sitharaman emphasized that the current GST rate of 12.2% is significantly lower than the revenue neutral rate (RNR) of 15.3%.

Posted in GST | 3714 Views

GST Payments Now Accepted by 29 Banks

06 September 2024 at 09:01

The GSTN has added banks for acceptance of GST payments and among them Bandhan Bank Limited and IDFC First Bank Limited. By this addition, the cumulative of the banks which are connected to the GST portal now stands at 29; this makes it easier for ta

Posted in GST | 1554 Views

GST Council to Discuss Relief Measures and Sector-Specific Challenges in 54th GST Meeting

06 September 2024 at 08:56

The 54th GST Council meeting is set for September 9 in New Delhi, with a packed agenda addressing key issues across multiple industries.

Posted in GST | 2163 Views

No GST Exemption for EV Charging at Public Stations, 18% Tax to Continue

06 September 2024 at 08:53

In a recent verdict, the GST Fitment Committee including the state as well as the central revenue officers said 'no' to the request made by the EV industry to remove 18% GST on charging services across public stations.

Posted in GST | 2346 Views

GST Council to Discuss Online Gaming Taxation and Fake GST Registrations in 54th Meeting

05 September 2024 at 09:09

The upcoming 54th GST Council meeting on September 9, 2024, will focus on key issues such as the taxation of online gaming, ongoing efforts against fake GST registrations, and amendments under the Finance Act, 2024.

Posted in GST | 1377 Views

Unemployed Man Duped in Rs 250 Crore GST Fraud After Falling for Job Scam

04 September 2024 at 09:08

IntroductionAshwani Kumar, a young man from Barsu village in Muzaffarnagar, Uttar Pradesh, was struggling to find employment when he received what seemed to be a lifeline - a job offer through a WhatsApp call.

Posted in GST | 2769 Views

Nitin Gadkari Urges GST Reduction on Flex Fuel Vehicles to 12% to Boost Bioenergy Adoption

04 September 2024 at 09:07

Union Minister for Road Transport and Highways, Nitin Gadkari, has made a compelling case for reducing the Goods and Services Tax (GST) on flex-fuel vehicles to 12%, down from the current 28% levied on internal combustion engine (ICE) vehicles.

Posted in GST | 1851 Views