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New GST rules in effect from today, businesses with over Rs 100 Cr turnover to upload electronic invoices on IRP
“To ensure timely compliance, taxpayers in this category will not be allowed to report invoices older than 7 days on the date of reporting,” GST Network (GSTN) said.
Budget 2023-24 Expectation: Government must consider rejigging tax system to assuage burden of middle class
Since ‘two-thirds’ of the Indian population is tax-exempt and the ‘super rich’ in the population-pyramid being a handful, the claws of taxation squeeze the middle-class
Union budget 2023: Govt roadmap needed for sustainable growth in logistics sector, says industry leaders
Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2023-24 in the Lok Sabha on February 1.
GST: Here’s everything about government rules, online registration process and required documents
Most states mandate restaurants with annual sales of more than Rs 20 lakh to register for GST. A restaurant in a state that falls under a special category must register for GST if its total annual revenue exceeds Rs 10 lakh
Here's why Ministers are recommending uniform 28% GST on online gaming, casinos, horse racing
The GST council has constituted a committee of the Group of Ministers (GoM) to examine the tax issues on online gaming and horse racing, and casino, while consulting with the state governments.
Centre considering to remove penal offence already covered under Indian Penal Code from GST Act
The proposal, part of the exercise to decriminalise GST law, is likely to be taken up in the next meeting of the GST Council. Once approved by the GST Council, the Finance Ministry will propose amendments to the GST law, which could be taken up in the upcoming winter session of Parliament next month
Second highest collection of gross GST revenue in October
The government has settled Rs 37,626 crore to CGST and Rs 32,883 crore to SGST from IGST as regular settlement
5 rules coming into effect from today will have significant impact, details here
A new itinerary for some long-distance trains has been announced by Indian Railways and will take effect on 1 November
GST revenue likely to be around Rs 1.45 crore in September
The collection has been over Rs 1.4 lakh crore since March with April seeing a rise up to Rs 1.68 lakh crore
E-way bill generation at all time high as festive season arrives
E-way bill is an electronic receipt or document that is generated on the Goods and Services Tax portal (GST) whenever there is a movement of goods from one place to another. The bill is required to be generated by the transporter before the consignor initiates the movement of goods
Tata Play found guilty of alleged GST-related profiteering, ordered to pay Rs 450 crore
The investigation was launched on the basis of a subscriber complaint alleging that Tata Play had not passed on the commensurate ITC benefits to the subscriber, as mandated by the Central GST Act
Chhattisgarh: Bhupesh Baghel slams Centre over rising prices, GST on daily use items
Baghel said inflation is rising continuously and GST imposed on essential products is contributing to it
Now 18% GST on house rent: Do all tenants need to shell out more?
Yes, you heard that. House rent will now be taxed. GST-registered persons or companies, which offer services from a rented residential property, are liable to pay per cent tax
Way Centre is opposing free facilities, something seems wrong with its finances: Arvind Kejriwal
Kejriwal hit out at the Centre, claiming it waived Rs 10 lakh crore of loans and Rs 5 lakh crore of taxes of super rich people and their companies
Raghav Chadha meets Nirmala Sitharaman, requests rollback of 12% GST on inns near Golden Temple
The GST Council had in June decided that a 12 per cent tax will be levied on all hotel rooms that cost below Rs 1,000 per day
Do we have to pay GST on ICU beds, crematorium services?
No, says Nirmala Sitharaman as she was attempting to clear up misinformation over issues related to the imposition of the levy on various products and services
GST collections in July recorded at Rs 1.49 trillion, second highest since introduction of the tax
In June 2022, total GST collections were at Rs 1.44 lakh crore. For five months in a row now, the monthly GST revenues have been more than Rs 1.4 lakh core, showing a steady increase every month
50-hour protest: Mosquito nets out, fish fry on the menu in agitation outside Parliament
The 50-hour protest was aided by a supply of sumptuous food, including tandoori chicken, fish fry and idli. The office of the secretary general of the Rajya Sabha provided two ambulances, a doctor on call, two drivers to ferry protesting MPs and maintenance staff to keep the site clean
Ready for price rise debate once Nirmala Sitharaman recovers, Rahul Gandhi shouldn't hurt Parliament's productivity: BJP
The opposition has demanded the rollback of five per cent GST on pre-packaged and labelled food items such as cereals, pulses and flour weighing less than 25 kg. For a commodity measured in litres like curd and 'lassi, the limit is 25 litres
Nirmala Sitharaman clears air on new GST rates for daily use items, says decision taken with all states’ nod
The finance minister's comments come against the backdrop of the first two days of the Monsoon Session virtually getting washed away due to protests by Opposition parties over the GST on daily use items and other issues