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Who profiteered the most from GST tweaks? CCI has clues

Since last May, CCI has issued around 44 orders on complaints of businesses allegedly pocketing the benefits of GST rate reduction or tax credits meant for consumers

3 min read14 Feb 2024
Videos

7 Key highlights of the 50th GST Council meet | Mint Primer | Mint

The 50th GST Council meeting brought significant changes, including tax exemptions on cancer drugs and rare disease medicines. The GST rate was reduced to 5% for snack palettes, fish soluble paste, LD slag, and imitation zari thread. However, online gaming faced a setback with a 28% GST rate imposed. The meeting also addressed concerns about ED interference in GSTN. This video explores the key highlights of the meeting, showcasing the latest updates and their implications on various sectors of the Indian economy.

13 Jul 2023
Economy

Rationalisation in GST rates should be implemented gradually, says CBIC Chairman Vivek Johri ahead of Council meeting

Vivek Johri, Chairman of CBIC, has stated that any changes to GST rates should be implemented gradually to ensure stability of revenues. He expects the current slab structure to eventually converge towards three or four rates.

1 min read10 Jul 2023
Economy

GST fraud worth ₹15,000 crore: Leading food delivery service among entities under scanner: Report

The Central Board of Indirect Taxes and Customs (CBIC) has discovered that nearly 25% of entities registered with the GSTN do not exist or have disappeared.

1 min read7 Jul 2023
News

Industry bodies seek GST structure rationalisation on metal scraps

AIIFA said that the induction furnace sector contributes around 35% to the total steel production in India, requesting the government to rationalise the GST structure

1 min read17 Feb 2023
News

GST not applicable to these BHIM-UPI transactions, check details

All services provided by the Central or State Governments or local authorities to anyone other than business entities are currently free from the Goods and Services Tax (GST).

1 min read15 Jan 2023

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