Gst Refunds News
Simplify India’s GST regime: The case for it is clear and it’s time to act
This indirect tax system has grown far too complex. A GST regime with uniform rates—based on clear statistical data—within every broad category would enhance fairness, reduce litigation and also improve the ease of doing business in India.
5 min read14 Jan 2025GST Council Meeting Highlights: GST on Cancer drugs reduced to 5%, no GST on funds given to Central or State university
GST Council Meeting Highlights: The Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled to meet today to discuss several critical matters affecting various sectors of the economy.
8 min read9 Sep 2024Who 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 20247 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 2023Rationalisation 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 2023GST 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 2023Industry 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 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared