Tag: goods and services tax
GSTAT: The missing piece in India’s GST framework finally falls in place
Eight years! That’s how long it has finally taken for the Goods and Services Tax Appellate Tribunal (GSTAT) to become operational since the launch of…
GST collections rise 4.6% to Rs 1.96 lakh crore in October despite tax cuts
Goods and Services Tax (GST) collection rose 4.6% in October, amounting to Rs 1.96 lakh crore, compared to Rs 1.97 lakh crore in October 2024,…
High US tariffs to cut Indian leather industry revenue by 10-12% this fiscal: Crisil Ratings
Revenues of Indian leather and allied product firms will decline by 10-12 percent this fiscal following the steep 50 percent tariffs imposed by the US,…
Delhivery arm Ecom Express gets Rs 1.3 crore over input tax credit
Logistics provider Ecom Express has received a tax demand under the provisions of Goods and Services Tax (GST) of Rs 1.31 crore, said owner Delhivery…
GST 2.0: ‘GST transition being monitored and pain points scrutinised’
The government is scrutinising the pain points flagged by the industry following the switch to a two-rate goods and services tax (GST) structure on September…
GSTN issues advisory on new Invoice management system
The centre will introduce significant changes in the invoice management system under goods and services tax, allowing taxpayers to keep records of credit and debit…
New invoice system in works to curb automated notices
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) is working on a new advanced invoice management system that will prevent system-generated notices…
GST rate cuts from Monday to make food, medicines, cars and electronics cheaper
Consumers can expect a broad wave of price reductions starting Monday as the Goods and Services Tax (GST) Council’s decision to slash rates on about…
GST cuts to boost economy, but revenue loss could hit banking sector: Report
While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on…
GST reforms to inject Rs 2 lakh cr into economy, boost demand across sectors
Kolkata: Union Finance Minister Nirmala Sitharaman on Thursday said the latest round of Goods and Services Tax (GST) reforms will pump around Rs 2 lakh…