GST News
CBIC Clarifies GST Rates on Popcorn
18 February 2025 at 08:34The Central Board of Indirect Taxes & Customs (CBIC) has issued a clarification on GST rates applicable to different categories of popcorn, settling ongoing disputes over tax interpretation. The board has also regularised rate disputes on specifi
28% GST Impact: Dream11 CEO Warns of Massive Shutdowns in Online Gaming Sector
17 February 2025 at 07:42The Indian online gaming industry is at a critical juncture, with Dream11 co-founder and CEO raising concerns over the government's retrospective GST demands exceeding ₹1.1 lakh crore.
GST Council Mulls Tax Rate Cuts, Considers Eliminating 12% Slab to Boost Consumption
17 February 2025 at 07:37The Goods and Services Tax (GST) Council is reportedly considering a reduction in tax rates on select items to stimulate consumption while maintaining revenue stability, according to a report citing sources familiar with the discussions.
FM Responds to Jaya Bachchan: GST on Movie Tickets Slashed from 28% to 18%
17 February 2025 at 07:37Responding to concerns raised by MP and former actor Jaya Bachchan, Sitharaman emphasized that GST has significantly reduced the tax burden on the film industry compared to the pre-GST era.
GSTN Introduces Form ENR-03 for Enrolment of Unregistered Dealers on E-Way Bill Portal
17 February 2025 at 07:36In a move to streamline the e-Way Bill (EWB) system, the Goods and Services Tax Network (GSTN) has introduced Form ENR-03, enabling unregistered dealers and persons to enrol and generate e-Way Bills.
CBIC Issues Clarifications on GST Rates and Classifications Following 55th GST Council Meeting
15 February 2025 at 07:58CBIC has issued Circular No. 247/04/2025-GST dated February 14, 2025, clarifying GST rates and classifications based on the recommendations of the 55th GST Council meeting held on December 21, 2024
Two GST Officials Suspended Over Rs 7 Lakh Extortion Allegations
14 February 2025 at 08:46In a major crackdown on corruption within the Central Goods and Services Tax (GST) department, two officials have been suspended for allegedly extorting ₹7 lakh from traders in Chhattisgarh under the guise of GST irregularities.
Kerala to Introduce Faceless Adjudication in SGST Department to Enhance Transparency
14 February 2025 at 08:43Finance Minister K.N. Balagopal on Wednesday announced the implementation of 'faceless adjudication' in the taxpayer services and audit wings of the State Goods and Services Tax (SGST) department.
GST Rates Drop from 15.8% to 11.3% Since Implementation: FM Nirmala Sitharaman
13 February 2025 at 08:56FM Nirmala Sitharaman informed the Rajya Sabha on Tuesday that the average indirect tax under the GST has significantly reduced since its rollout.
GSTN Issues Advisory for GST Registration Process Under Rule 8 of CGST Rules, 2017
13 February 2025 at 08:47The GST Network (GSTN) has introduced new measures for GST registration, reinforcing compliance with Rule 8 of the CGST Rules, 2017.
Popular News
- CBDT Amends Tax Audit Report (Form 3CD) with Key Changes Effective 1st April 2025
- Section 194T Introduced: TDS on Payments to Partners Now Mandatory
- MCA Mandates Half-Yearly Return for Companies Delaying Payments to MSMEs
- CBIC Issues Circular Clarifying GST Section 128A Benefits & Appeal Withdrawal Rules
- ITAT Mumbai Rules: No Capital Gains Tax on Co-Owner Without Beneficial Interest
CAclubindia
