GST: News
12 Nov 2024
InsuranceYour health, life insurance premiums might become cheaper next month
The Goods and Services Tax (GST) Council will meet at the end of December, with a focus on possible tax relief on health and life insurance premiums.
09 Nov 2024
DehradunPM Modi pledges 'Viksit Uttarakhand' in next 25 years
Prime Minister Narendra Modi greeted the people of Uttarakhand on its 25th State Foundation Day on Saturday.
07 Nov 2024
BusinessFirstCry shares crash 6% as GST department initiates investigation
Shares of Brainbees Solutions, the parent company of popular kidswear brand FirstCry, fell by 5.66% to ₹590 at the closing bell today.
01 Nov 2024
Ministry of FinanceGST collections in October hits 6-month high of ₹1.87L crore
India's Goods and Services Tax (GST) collections for October 2024 have hit a six-month high of ₹1.87 lakh crore, an annual growth of 8.9%.
31 Oct 2024
Ayushman Bharat'Secular civil code key to ending discrimination': Modi
Prime Minister Narendra Modi on Thursday emphasized the importance of a Uniform Civil Code (UCC) and national unity while addressing the National Unity Day parade in Kevadia, Gujarat.
28 Oct 2024
Pune PoliceHow an 8-member gang pulled off a ₹8,000cr GST scam
Pune Police have busted a massive Goods and Services Tax (GST) fraud, worth an estimated ₹5,000-₹8,000 crore. The elaborate scheme was masterminded by eight people who set up 246 fake firms across 13 states.
22 Oct 2024
IndiaGST hike: Your spa treatments may get costlier soon
The Goods and Services Tax (GST) Council is considering a major overhaul of tax rates.
19 Oct 2024
InsuranceYour health insurance premiums may soon become cheaper
The Group of Ministers (GoM) panel on Goods and Services Tax (GST) has reached a consensus, on some major exemptions pertaining to life and health insurance, as per Moneycontrol.
15 Oct 2024
FlipkartStarting your own business? Here's how to sell on Flipkart
The Indian e-commerce sector should hit ₹4,416.68 billion by 2024-end.
01 Oct 2024
Indian GovernmentNo new GST anti-profiteering investigations starting April 1, 2025
The Indian government has made a big announcement: no new anti-profiteering investigations under the Goods and Services Tax (GST) will kick off after April 1, 2025.
21 Sep 2024
SpiceJetSpiceJet to issue 48.7 crore shares for ₹3,000 crore QIP
SpiceJet, a leading budget airline in India, has announced its board's approval to issue approximately 48.71 crore equity shares at ₹61.60 each.
15 Sep 2024
HyderabadGST evasion in India climbs to ₹2.01L crore in FY24
Goods and Services Tax (GST) evasion in India has seen a significant surge, reaching ₹2.01 lakh crore for the fiscal year 2023-24.
13 Sep 2024
Dravida Munnetra KazhagamVideo of restaurateur's private conversation with Sitharaman leaked; BJP apologizes
Bharatiya Janata Party (BJP) leader K Annamalai has apologized on behalf of the party after it leaked a video of Sri Annapoorna restaurant chain owner Srinivasan apologizing to Finance Minister Nirmala Sitharaman.
10 Sep 2024
Vaishno DeviGST Council September meet: What got cheaper and costlier
The Goods and Services Tax (GST) Council has announced significant reductions in taxes on various goods and services.
09 Sep 2024
Nirmala SitharamanGST Council postpones decision on oil and gas contract taxation
The Goods and Services Tax (GST) Council has postponed its decision regarding the taxation of oil and gas exploration contracts.
09 Sep 2024
Nirmala SitharamanGST Council postpones decision on health, life insurance premiums
The Goods and Services Tax (GST) Council has deferred its decision, on potentially reducing the tax rate for health and life insurance premiums, as reported by ET NOW.
09 Sep 2024
IndiaIndia's automobile industry surpasses ₹20 lakh crore milestone in FY24
The Indian automotive industry has achieved a significant milestone, surpassing the ₹20 lakh crore mark in FY24.
08 Sep 2024
Nirmala SitharamanGST Council to discuss tax on insurance premiums, e-gaming tomorrow
The Goods and Services Tax (GST) Council, led by Finance Minister Nirmala Sitharaman, will discuss potential changes in the taxation of insurance premiums and online gaming tomorrow.
07 Sep 2024
RuPayPayment aggregators receive GST notices for transactions below ₹2,000
Leading payment aggregators BillDesk and CCAvenue have been issued notices by the Goods and Services Tax (GST) authorities.
04 Sep 2024
Aadhaar CardTips for updating your Aadhaar card information
The Aadhaar card, a 12-digit unique identity number issued by the Unique Identification Authority of India (UIDAI), has become indispensable for Indian citizens.
02 Sep 2024
Nitin GadkariNitin Gadkari urges states to reduce GST on flex-fuel vehicles
Union Minister Nitin Gadkari has called for a reduction in Goods and Services Tax (GST) on flex fuel-based vehicles.
01 Sep 2024
BusinessIndia's August GST collections grow 10% YoY to ₹1.75 trillion
India's Goods and Services Tax (GST) collections reached ₹1.75 lakh crore in August 2024, reflecting a slight decrease compared to ₹1.82 lakh crore collected in July.
30 Aug 2024
CMHimachal Cabinet to forgo salaries for 2 months; know why
The Himachal Pradesh Cabinet, led by Chief Minister Sukhvinder Singh Sukhu, has announced a two-month salary and allowance waiver due to the state's severe financial crisis.
30 Aug 2024
InsuranceTerm life insurance plans in India might become cheaper
The Goods and Services Tax (GST) Council is considering a proposal to exempt term life insurance policies from GST, according to an anonymous senior government official speaking to Moneycontrol.
23 Aug 2024
InfosysGovernment may withdraw $4 billion GST demand from Infosys
The Indian government is considering withdrawing its $4 billion back tax demand from IT behemoth Infosys, according to two government insiders (via Reuters).
19 Aug 2024
IIT-DelhiEducation Ministry intervenes as IITs receive GST non-payment notices
The Ministry of Education has intervened following the issuance of Goods and Services Tax (GST) non-payment notices to academic institutions, including the Indian Institute of Technology (IIT).
18 Aug 2024
Hero MotoCorpHero MotoCorp slapped with ₹17 crore GST notice
Hero MotoCorp, India's leading two-wheeler manufacturer, has received a tax demand notice exceeding ₹17 crore.
09 Aug 2024
Nirmala SitharamanSitharaman says Gadkari's letter seeking GST relief released 'without permission'
Union Finance Minister Nirmala Sitharaman has stated that a letter from Transport Minister Nitin Gadkari, which called for the removal of 18% Goods and Services Tax (GST) on health and life insurance premiums, was made public without his approval.
06 Aug 2024
Board of Control for Cricket in India (BCCI)BCCI paid over ₹2,000 crore GST in FY23 and FY24
The Board of Control for Cricket in India (BCCI) has made a significant contribution to the nation's Goods and Services Tax (GST) revenue.
04 Aug 2024
InfosysInfosys gets relief in ₹3,898 crore FY18 GST case
The Directorate General of Goods and Services Tax Intelligence (DGGI) has resolved a tax case involving IT giant Infosys for the fiscal year 2017-18.
31 Jul 2024
InfosysInfosys under investigation for GST evasion of over ₹32,000cr
Infosys, a prominent IT services firm, is being investigated by the Directorate General of GST Intelligence (DGGI) for allegedly evading over ₹32,000 crore in integrated goods and service tax (IGST).
23 Jul 2024
Nirmala SitharamanKey numbers to watch out for in Union Budget today
Finance Minister Nirmala Sitharaman will present her seventh consecutive budget, a plan that aims to chart India's path toward development by 2047, at 11:00am on Tuesday.
30 Jun 2024
ZomatoZomato hit with ₹9.45 crore GST notice, plans to appeal
Zomato has been issued a Goods and Service Tax (GST) demand notice of ₹9.45 crore by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka, according to the company's BSE exchange filing.
23 Jun 2024
Indian RailwaysSitharaman announces Aadhaar-based biometric authentication to combat fake GST invoicing
Union Finance Minister Nirmala Sitharaman announced a pan-India rollout of a biometric authentication system at the 53rd GST Council meeting on Saturday.
22 Jun 2024
Indian RailwaysGST Council Meeting: What got cheaper and costlier
The Goods and Services Tax (GST) Council, in its 53rd meeting held in New Delhi, has decided to implement nationwide biometric authentication to tackle fake invoicing.
22 Jun 2024
Indian GovernmentIndia's GST cess to deliver ₹70,000 crore bonanza to Centre
The Indian government is projecting a substantial surplus of approximately ₹70,000 crore from Goods and Services Tax (GST) compensation cess collections.
20 Jun 2024
National Highways Authority Of India (NHAI)GST Council may discuss tax relief for road, highway developers
The Goods and Services Tax (GST) Council is preparing to deliberate on potential tax relief measures for road and highway developers, as per CNBC-TV18.
19 Jun 2024
StartupsDelta Corp shares soar on reports of potential GST waiver
Shares of online gaming company Delta Corp, hit a five-month high on Wednesday, following reports that the GST Council may consider an amendment to the CGST Act.
19 Jun 2024
IndiaGST Council may propose amendment to nullify retrospective tax demands
The Goods and Services Tax (GST) Council is contemplating an amendment to the Central Goods and Services Tax (CGST) Act, 2017.
16 Jun 2024
Indian GovernmentIndian auto industry seeks lower GST on eco-friendly two-wheelers
India's automotive sector is requesting the government to reduce the goods and services tax (GST), on environmentally friendly two-wheeler technologies.
14 Jun 2024
BusinessGST Council to review 28% tax on online gaming
The Goods and Services Tax (GST) Council is set to review the 28% tax imposed on online gaming in its 53rd meeting on June 22.
02 Jun 2024
BusinessCBIC empowers senior tax officers for early GST recovery
The Central Board of Indirect Taxes and Customs (CBIC) has authorized Principal Commissioners or Commissioner level officers, to issue directives for early recovery of goods and services tax (GST) dues.
01 May 2024
BusinessGST collections reach record high of ₹2.1L crore in April
India's Goods and Services Tax (GST) collections reached an all-time high in April 2024, with gross collections amounting to ₹2.1 lakh crore.
20 Apr 2024
ZomatoZomato faces ₹11.82 crore GST demand notice: Here's why
Zomato has been issued a tax demand and penalty order totaling ₹11.82 crore, by the Additional Commissioner, Central Goods and Services Tax, Gurugram.
14 Apr 2024
Gross Domestic ProductStates' fiscal deficit for FY24 expected near 3.1% of GDP
Citi Research has forecast that the fiscal deficits of states for the financial year 2023-24 (FY24) will align with the original budgeted estimate of 3.1% of the Gross Domestic Product (GDP).
01 Apr 2024
IndiaIndia's GST collection surges 11.5% in March to ₹1.78L crore
India's Goods and Services Tax (GST) collection saw a significant increase of 11.5% in March, accumulating ₹1.78 lakh crore, according to the Finance Ministry.
01 Mar 2024
IndiaFebruary GST collections rise 12.5% YoY to Rs. 1.68L crore
India's finance ministry reported that the goods and services tax (GST) collection for February 2024, reached Rs. 1.68 lakh crore, a 12.5% increase compared to the same period last year.
07 Feb 2024
Supreme Court Of IndiaCentre may reconsider retrospective GST notices to online gaming companies
Indian government might reconsider its position on the Goods and Services Tax (GST) levied on online real money gaming companies.
08 Jan 2024
Supreme Court Of IndiaSC seeks Centre's response on 28% GST on online gaming
The Supreme Court has called on the Indian government to address a petition from online gaming companies regarding "retrospective" tax demands totaling Rs. 1.5 lakh crore.
02 Jan 2024
Life Insurance Corporation of IndiaLIC shares trade in red on Rs. 800cr GST notice
Shares of insurance giant Life Insurance Corporation of India (LIC) traded 1.5% lower at Rs. 851.30 in early trade on January 2 after the company was slapped a Rs. 806-crore GST notice.
01 Jan 2024
Union Finance MinistryDecember GST collections climb 10% YoY to Rs. 1.65L crore
The Union Ministry of Finance has revealed that the Centre's Goods and Services Tax (GST) collections for December 2023, reached Rs. 1.65 lakh crore.
29 Dec 2023
IndiaGST Council extends deadline to recover FY19, FY20 tax dues
The Goods and Services Tax (GST) Council has decided to give tax officials more time to demand and recover tax dues from businesses for the financial years 2019 (FY19) and 2020 (FY20).
21 Dec 2023
BusinessHow online gaming industry is countering the 28% GST impact
The online gaming industry is grappling with the effects of the 28% Goods and Services Tax (GST) implemented since October 1.
14 Dec 2023
IndiaForeign airlines to pay GST demands on cross charges
Foreign airlines including British Airways, Etihad, and Emirates have received Goods and Services Tax (GST) demand notices related to cross charges.
05 Dec 2023
Nirmala Sitharaman21,791 fake GST registrations unearthed, Rs. 24,000cr evasion suspected: FM
During a recent two-month special drive, Finance Minister Nirmala Sitharaman announced that GST officers discovered 21,791 fake GST registrations and over Rs. 24,000 crore in suspected tax evasion.
22 Nov 2023
ZomatoZomato and Swiggy receive GST notices totaling Rs. 750 crore
The Directorate General of GST Intelligence (DGGI) has slapped food delivery giants Zomato and Swiggy with Goods and Services Tax (GST) demand notices, amounting to Rs. 400 crore and Rs. 350 crore, respectively.
07 Nov 2023
Supreme Court Of IndiaCentre to request SC for clubbing GST online gaming cases
The Indian government may ask the Supreme Court to club all Goods and Services Tax (GST) online gaming cases, currently in litigation on the grounds of a single principle, reported Moneycontrol.
01 Nov 2023
Indian GovernmentOctober GST collection touches second-highest ever at Rs. 1.72L crore
The Ministry of Finance revealed that the Centre's Goods and Services Tax (GST) revenue for October 2023 reached Rs. 1.72 lakh crore.
25 Oct 2023
BusinessOnline gaming companies served tax notices worth Rs. 1L crore
Online gaming companies have been slapped with show-cause notices amounting to Rs. 1 lakh crore by GST authorities over alleged tax evasion, reported Reuters, citing a high-ranking government official.
05 Oct 2023
BusinessGST Council meeting on October 7: What's on agenda
The 52nd meeting of the Goods and Services Tax (GST) Council is scheduled for October 7, 2023, in New Delhi.
26 Sep 2023
IndiaDream11, other gaming firms face GST notices worth Rs. 55,000cr
The Directorate General of GST Intelligence (DGGI) has issued pre-show cause notices to around 12 online real money gaming companies for tax dues worth Rs. 55,000 crore.
25 Sep 2023
Supreme Court Of IndiaOver 100 online gaming firms under scrutiny for GST evasion
Authorities are set to launch investigations against over 100 online gaming firms for potential Goods and Service Tax (GST) evasion, as reported by Business Today.
25 Sep 2023
Stock MarketDelta Corp shares plummet 20% after hefty GST notice
Casino operator Delta Corp Ltd. has seen its shares drop by 20% after receiving tax notices totaling Rs. 16,822 crore from the Directorate General of GST Intelligence.
12 Sep 2023
Nitin GadkariNitin Gadkari proposes 10% GST hike on diesel vehicles
Union Road Transport and Highways Minister Nitin Gadkari has proposed an additional 10% goods and services tax (GST) on diesel-powered vehicles and generators in India.
01 Sep 2023
IndiaAugust GST revenues soar 11% YoY to Rs. 1.6L crore
The Goods and Services Tax (GST) revenues for August 2023 in India have hit approximately Rs. 1.6 lakh crore. This marks a year-on-year (YoY) growth of roughly 11%.
16 Aug 2023
BusinessOnline gaming platforms face Rs. 45,000cr retrospective tax liability
Online skill-based gaming platforms in India are facing a potential tax demand of Rs. 45,000 crore.
02 Aug 2023
Nirmala SitharamanGST Council: 28% tax on online gaming from October 1
The GST Council has decided to impose a 28% tax on the full face value of bets placed on online gaming and casinos, starting October 1.
12 Jul 2023
BusinessHow 28% GST on online gaming will impact Indian players
The Goods and Services Tax (GST) Council rocked the online gaming industry by agreeing to levy a 28% GST on funds collected by gaming firms.
12 Jul 2023
Nirmala SitharamanGST rule change to make popular MPVs costlier: Here's how
The Goods and Services Tax (GST) Council, led by Union Finance Minister Nirmala Sitharaman has decided to add a 22% cess on MPVs, on top of the existing 28% GST.
12 Jul 2023
Nirmala SitharamanGST shocker: Delta Corp, Nazara Tech stock prices tank
Online gaming platform Nazara Technologies and casino operator Delta Corp Ltd. witnessed a sharp fall in share prices on Wednesday.
12 Jul 2023
BusinessThe 28% GST will kill India's gaming industry: Here's how
Online gaming is one of the fastest-growing internet businesses in India. However, that may come to a halt after the Indian government's recent decision to increase indirect tax on online gaming.
01 Mar 2023
IndiaFebruary GST collections up 12%, third-highest of all time
Goods and Services Tax (GST) collections increased by 12% to over Rs. 1.49 lakh crore in February 2023, the Finance Ministry informed on Wednesday.
16 Feb 2023
Pakistan NewsPakistan fuel price hits record high; Petrol at Rs. 280/liter
Pakistan announced a record increase in fuel prices on Wednesday, triggering a shock for its already overburdened citizens.
18 Dec 2022
SUVs in IndiaGST Council defines 'SUV' and sets criteria for tax
The Goods and Services Tax (GST) Council has clarified the definition of SUVs in India, in a meeting held on Saturday.
19 Jul 2022
Lok SabhaLok Sabha, Rajya Sabha proceedings adjourned after Opposition protests
On the second day of Parliament's monsoon session, the Lok Sabha and Rajya Sabha were adjourned till Wednesday amid sloganeering by Opposition MPs on issues of price hikes and inflation.
18 Jul 2022
Nirmala SitharamanNew GST rates apply from today: What's costlier, what's cheaper
The new Goods and Services Tax (GST) rates go into effect on Monday.
01 Jul 2022
Nirmala SitharamanNew GST rule: What gets cheaper, what's costlier?
With the average man already suffering from rising inflation, the Goods and Services Tax (GST) Council's decision to raise rates on some products and services, as well as bring additional things under its purview, is expected to exacerbate the situation.
28 Jun 2022
Supreme Court Of IndiaGST Council's two-day meet starts today: Details here
The Goods and Services Tax (GST) Council's two-day meeting commenced on Tuesday in Chandigarh.
22 Mar 2022
JhundWhat does it mean for films to be tax-free?
Currently, The Kashmir Files (TKF) is witnessing a bumper wave at the box office and enjoying word-of-mouth publicity online.
