GST News

FM Sitharaman Hints at Major GST Rate Cut

10 March 2025 at 08:58

In a significant policy development, Finance Minister Nirmala Sitharaman has hinted at an upcoming reduction in GST rates while remaining non-committal on potential changes to capital gains tax.

Posted in GST | 3408 Views

GST Council Reconstitutes GoM with Revised Mandate to Analyze GST Revenue Trends

08 March 2025 at 08:39

In its 55th meeting held on December 21, 2024, in Jaisalmer, Rajasthan, the GST Council decided to reconstitute the Group of Ministers (GoM) on Analysis of Revenue from GST with revised Terms of Reference (ToR).

Posted in GST | 6126 Views

Haryana, Maharashtra, Karnataka, Gujarat & Tamil Nadu Top GST Collections in February 2025

07 March 2025 at 09:00

The Excise and Taxation Department has recorded significant growth in Goods and Services Tax (GST) collection, reinforcing Haryana's strong fiscal performance. ..

Posted in GST | 534 Views

Mahakumbh Boosts UP's GST Collections, Contributing Over Rs 1000 Crore Increase

06 March 2025 at 08:46

Uttar Pradesh has recorded a significant jump in its GST collections, with over Rs 1,000 crore increase in January and February 2025 compared to the same period last year.

Posted in GST | 1989 Views

GST Taxpayers to Get 2 Months to Accept or Reject Credit Notes Under Amended CGST Rules

05 March 2025 at 08:47

In a significant relief to Goods and Services Tax (GST) payers, the government is likely to amend the CGST Rules, allowing recipients of goods and services up to two months to accept or reject a credit note and adjust the ITC accordingly.

Posted in GST | 29148 Views

GSTN Enhances Biometric Authentication for Directors: Home State Option Now Available

04 March 2025 at 08:39

In a significant move to streamline GST registration, the GSTN has introduced a new facility allowing certain Promoters and Directors to complete Biometric Authentication at any GST Suvidha Kendra (GSK) within their Home State.

Posted in GST | 2385 Views

GST Collections in February 2025 Surge 9.1% to Rs 1.83 Lakh Crore

03 March 2025 at 08:39

The Goods and Services Tax (GST) collections for February 2025 have shown a strong 9.1% year-on-year growth, reaching ₹1.83 lakh crore compared to ₹1.68 lakh crore in February 2024. This sustained increase reflects economic resilience, improved compl

Posted in GST | 1548 Views

State Tax Department Recovers Rs 11.18 Lakh Penalty in Major GST Violation Case

28 February 2025 at 08:35

In a major enforcement action, the State Tax Department of J&K has realized a penalty of ₹11,18,068 from a taxpayer for violating GST regulations related to the transportation of rigid tubes, pipes, hoses, and fittings made of propylene polymers.

Posted in GST | 7467 Views

DGGI Uncovers Rs 700 Crore GST Fraud in Rajasthan; Seven Arrested

24 February 2025 at 08:54

In a major crackdown on GST evasion, the Directorate General of GST Intelligence (DGGI) has unearthed a Rs 700 crore tax fraud in Rajasthan, exposing a large-scale scam in the scrap trading and iron goods industry.

Posted in GST | 2 comments | 2016 Views

E-Way Bill Now Mandatory for Scrap Supply in Dadra & Nagar Haveli, Daman & Diu

22 February 2025 at 08:57

In a significant compliance reminder, authorities have reiterated that taxpayers engaged in the supply of scrap are mandatorily required to generate e-way bills for consignments exceeding ₹50,000 in value.

Posted in GST | 531 Views