gst latest news

Business owners, whose GST registrations were cancelled for non-filing of returns can now apply for revocation by June 30 | Representative image The government has allowed businesses, whose GST registrations were cancelled for non-filing…

The government on Monday clarified that commodities and food items such as pulses, cereals, rice, wheat, flour in a single package containing a quantity of more than 25kg or 25litres will not fall in the category of “pre-packaged and…

After a roller-coaster ride, the current indirect tax system, goods and services tax (GST), has completed its five years of implementation on Friday (July 1). The regime, with a driving motto of ‘One Nation, One Market, One Tax’, subsumed…

The GST Council, which is scheduled to meet next week in Chandigarh, is likely to discuss changes in tax rates on 14 items recommended by the Fitment Committee, according to a CNBC-TV18 report. The Council was earlier reported to have…

As the GST collections have been hitting new records of late, a report by India Ratings and Research said the state GST (SGST) growth at an average 6.7 per cent during FY18-FY21 has been lower than the 9.8 per cent growth recorded by the…

Even as there is a plan to revise GST rates on various products in the upcoming GST Council meet that is likely to take place in June, the proposed rate rationalisation may be delayed due to the prevailing high inflation, according to…

Image Source : FREEPIK (REPRESENTATIONAL) GST Council mulling 28% tax on Bitcoin, other cryptocurrencies In what could further dampen the mood of crypto investors in the country, the goods and services tax (GST) council is mulling a…

The GST Council in its meeting next month may consider a proposal to do away with the five per cent slab by moving some goods of mass consumption to three per cent and the remaining to eight per cent categories, news agency PTI reported.…

The government is planning to raise the goods and services tax (GST) over the next two years and reduce the number of slabs, according to an FE report quoting sources. This may help the government raise tax collections and reduce inflation…

Image Source : PTI/FILE IMAGE Life-saving drugs get cheaper as FM Sitharaman announces GST…