Tag: goods and services tax
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…
Indians to soon have Rs 2 lakh crore more cash in hand from GST cuts: Nirmala Sitharaman
Finance Minister Nirmala SItharaman on Wednesday said that the Goods and Services Tax (GST) rejig is set to bring to Rs 2 lakh crore in…
GST 2.0: Key changes effective September 22; explained in FAQs
The 56th GST Council, led by Union Finance Minister Nirmala Sitharaman in New Delhi on September 3, 2025, announced a major overhaul to India’s Goods…