GST News

Govt Collects Rs 4,792 Crore GST on Education Services in FY24

28 November 2024 at 09:13

The government collected a significant ₹4,792 crore in Goods and Services Tax (GST) from the education sector during the financial year 2023-24.

Posted in GST | 1569 Views

GST Due Date for Oct 2024 Extended to 30th Nov for Manipur Taxpayers

28 November 2024 at 09:13

The Ministry of Finance (Department of Revenue), through the Central Board of Indirect Taxes and Customs (CBIC), has issued Notification No. 29/2024 – Central Tax dated November 27, 2024.

Posted in GST | 2094 Views

GSTN Issues Advisory on Authorised e-Invoice Verification Apps

28 November 2024 at 09:12

GSTN has prepared a consolidated document on authorized B2B e-invoice verification apps available for download.

Posted in GST | 1797 Views

GSTN Introduces Biometric Aadhaar Authentication for GST Registration in Madhya Pradesh

28 November 2024 at 09:11

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Madhya Pradesh

Posted in GST | 402 Views

GST Collections from Healthcare and Life Insurance Raised Over Rs 16000 Crore in FY24

27 November 2024 at 09:10

The Goods and Services Tax (GST) revenue from healthcare and life insurance services surged to ₹16,398 crore in FY24, according to Minister of State for Finance, Pankaj Chaudhary, in a statement to the Lok Sabha.

Posted in GST | 1461 Views

Ministry of Finance Notifies Amendments to GST Appellate Tribunal Jurisdiction

27 November 2024 at 09:09

The Ministry of Finance, through Notification No. 5063(E), has introduced significant amendments to the jurisdiction of State Benches of the Goods and Services Tax Appellate Tribunal (GSTAT) under Section 109 of the CGST Act, 2017.

Posted in GST | 1029 Views

GSTN Issues Advisory for Reporting TDS Deducted by Scrap Dealers in October 2024

27 November 2024 at 09:08

As per Notification No. 25/2024-Central Tax, effective from 10.10.2024, any registered person receiving supplies of metal scrap classified under Chapters 72 to 81 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)

Posted in GST | 6294 Views

GST Council to Review GoM Report on Health Insurance, Says Finance Ministry

27 November 2024 at 09:04

The recommendations of the Group of Ministers (GoM), tasked with examining GST issues related to life and health insurance, will be reviewed by the GST Council once submitted, Parliament was informed on Monday.

Posted in GST | 459 Views

CBIC Empowers Additional/Joint Commissioners to Adjudicate DGGI Notices Under Key GST Sections from 1st Dec 2024

26 November 2024 at 08:58

In a significant move, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 27/2024-Central Tax, dated November 25, 2024, revising the powers of Additional and Joint Commissioners under the GST framework.

Posted in GST | 3123 Views

GST Collections See Sharp Decline Across Major States in H1 FY25

25 November 2024 at 09:10

Slowing consumption trends in recent months have begun to affect GST collections in India, with several states, particularly in South India, reporting subdued growth.

Posted in GST | 7326 Views