GST News
GST Below Revenue Neutral Rate, Easing Taxpayer Burden: FM Nirmala Sitharaman
06 September 2024 at 09:08Ahead 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%.
GST Payments Now Accepted by 29 Banks
06 September 2024 at 09:01The 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
GST Council to Discuss Relief Measures and Sector-Specific Challenges in 54th GST Meeting
06 September 2024 at 08:56The 54th GST Council meeting is set for September 9 in New Delhi, with a packed agenda addressing key issues across multiple industries.
No GST Exemption for EV Charging at Public Stations, 18% Tax to Continue
06 September 2024 at 08:53In 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.
GST Council to Discuss Online Gaming Taxation and Fake GST Registrations in 54th Meeting
05 September 2024 at 09:09The 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.
Unemployed Man Duped in Rs 250 Crore GST Fraud After Falling for Job Scam
04 September 2024 at 09:08IntroductionAshwani 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.
Nitin Gadkari Urges GST Reduction on Flex Fuel Vehicles to 12% to Boost Bioenergy Adoption
04 September 2024 at 09:07Union 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.
GSTN issues Advisory on Reporting of supplies to unregistered dealers in GSTR1/GSTR 5
04 September 2024 at 09:05Govt has reduced the threshold limit for reporting of invoice-wise details of inter-state taxable outward supplies made to unregistered dealers from 2.5 Lakh to 1 Lakh
GSTN Introduces New Invoice Management System (IMS) for Invoice Corrections
03 September 2024 at 13:34To enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the Invoice Management System (IMS) is being brought up at portal.
GSTN Updates "Bank Accounts" Section Interface in Non-Core Fields Amendment on GST Portal
03 September 2024 at 09:13The Goods and Services Tax Network (GSTN) has recently rolled out an update to the "Bank Accounts" section within the "Amendment of Registration Non-Core Fields" on the GST portal.
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