GST: News
21 Dec 2024
Nirmala SitharamanYour health insurance premium will not become cheaper anytime soon
The Goods and Services Tax (GST) Council has deferred its decision on slashing the tax rate on life and health insurance premiums.
18 Dec 2024
MaharashtraModi government uncovers ₹26,540cr GST evasion
The Central Board of Indirect Taxes and Customs (CBIC) has unearthed a whopping ₹26,543 crore Goods and Services Tax (GST) evasion.
18 Dec 2024
Supreme Court Of IndiaYour coconut oil for cooking should become cheaper now
Ending a 15-year-long legal battle between the Excise Department and manufacturers, the Supreme Court has ruled that small packets of coconut oil should be considered edible oil for taxation purposes.
17 Dec 2024
ZomatoYour online food deliveries in India may cost less soon
The Goods and Services Tax (GST) Council will discuss a possible cut in GST on food delivery charges at its 55th meeting on December 21.
17 Dec 2024
InsuranceYour life insurance premiums may become cheaper soon
The Goods and Services Tax (GST) Council will review the recommendations of the Group of Ministers (GoM) on insurance at its 55th meeting on Saturday (December 21).
17 Dec 2024
BangaloreBengaluru taxi scam: How 'Uber-like' app is duping passengers
A new airport taxi scam has surfaced at the Kempegowda International Airport in Bengaluru.
16 Dec 2024
Electric VehiclesBuying a second-hand EV may cost you more next year
The Goods and Services Tax (GST) Council is mulling a proposal to hike the GST rate on old and used electric vehicles (EVs), as well as smaller petrol and diesel cars.
13 Dec 2024
ZomatoZomato slapped with ₹803cr GST demand notice over delivery fees
Leading food and grocery delivery platform Zomato has received a tax demand notice of ₹803.4 crore from the Goods and Services Tax (GST) authorities in Maharashtra.
04 Dec 2024
IndiaHow 28% GST is harming India's real money gaming industry
The online real money gaming (RMG) industry in India has witnessed a major slowdown, under the new Goods and Services Tax (GST) regime introduced last year.
03 Dec 2024
BusinessSin tax surge: Cigarettes, aerated drinks may face 35% GST
The Group of Ministers (GoM) has suggested increasing the Goods and Services Tax (GST) on aerated beverages, cigarettes, and tobacco products.
02 Dec 2024
IndiaGST collection this November up 8.5% YoY to ₹1.8L crore
India's Goods and Services Tax (GST) collection for November has increased by 8.5%, amounting to ₹1.82 lakh crore, government data released on Sunday revealed.
21 Nov 2024
Box OfficeWhat happens when a film is declared tax-free
Vikrant Massey's latest Hindi film, The Sabarmati Report (TSR) has become the latest movie to get the tax-free label from multiple states.
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.
