Union Budget: Tax Relief, Lower Import Duties, Rationalizing GST Rates To Boost FMCG Consumption
With consumption accounting for over 60 percent of India's GDP, boosting disposable income is critical to reviving demand ...
CBIC notifies rules for entities to get temporary GST identification number
Entities that are not required to get a GST registration but are required to make a tax payment under the GST Act provision ...
Budget 2025: Enhanced connectivity, reduction in GST rates, and sustainable transport, industry experts share their expectations
Industry experts voice expectations for the upcoming Union Budget 2025 with a focus on enhancing tourism, reducing GST rates, ...
CBIC notifies rules for entities to get temporary identification number under GST
Entities not needing GST registration but required to make tax payments can now obtain a Temporary Identification Number (TIN ...
Non-liable businesses can now get temporary identity under GST, notifies CBIC
Get temporary GST identification number, waiver of late fees for annual returns, and threshold limits for registration ...
The Financial Express1d
GST Outlook in the 2025 Budget
Three back-to-back GST Council meetings were held last year. These meetings saw major announcements, including changes in tax ...
Tax Guru2h
Amendment to CGST Rules: Temporary IDs for GST Payments
Where a person is not liable to registration under the Act but is required to make any payment under the provisions of the ...
Life insurance companies challenge GST exemption for term policies
Life insurance companies are petitioning to avoid the exemption of term insurance policies from the GST levy. They argue that ...
Punjab GST mop-up surged in 3rd quarter after poor first half
The 5.97% year-on-year growth in GST mop-up in the first six months of 2024-25 was the slowest in four years, but the collection of ₹6,518.57 crore during the October-December quarter on account of be ...
Government waives late fee for delayed GST filings
The Central Board of Indirect Taxes and Customs (CBIC) announced a waiver of late fees for delayed filings of reconciliation ...
Tougher validation process in GST filing in Phase III of mandatory harmonized system of nomenclature code
Starting from February 2025, taxpayers will need to report HSN codes in GSTR-1 and GSTR-1A forms by selecting the appropriate ...
Tax Guru4h
Updates on GST and TCS and it’s impacted Travel Agents and Tour Operators
In past couple of years, there have been notable updates to India’s Goods and Services Tax (GST) and Tax Collection at Source (TCS) under Income Tax Act, 1961 regulations affecting travel agents and ...