7 Years Of GST Today: GST Exemption For Start-Ups And Small Businesses | Personal Finance News

New Delhi:First implemented on July 1, 2017, the Goods and Services Tax (GST) is seven years old today. GST is a single, integrated tax system combining several levies imposed by the central and state governments. Customers are required to pay the GST tax, which is levied on the final product pricing. The seller sends the […]

ABHISEK RAJPUT

July 1, 2024

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Five States Including Karnataka Show Interest In Implementing Aadhaar-Based Authentication For GST Registration | Economy News

New Delhi: Five states, including Karnataka, Tamil Nadu and Telangana, have shown interest in rolling out Aadhaar-based authentication for GST registration, an official said on Monday. The biometric-based authentication was discussed at the third National Co-ordination Meeting of senior Central and State GST officers earlier this month. Currently, two states, Gujarat and Andhra Pradesh, and […]

ABHISEK RAJPUT

May 13, 2024

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GST Collection For May At Rs 1.73 Lakh Crore, Up 10% YoY | Economy News

New Delhi: The Goods and Services Tax (GST) collections for May came in at Rs 1.73 lakh crore, a 10 per cent growth (year-on-year), driven by a strong increase in domestic transactions and slowing of imports, the Centre said on Saturday.  The gross GST collections in the FY2024-25, till May, stood at Rs 3.83 lakh […]

ABHISEK RAJPUT

June 1, 2024

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GST Collections In August Rise 10% Year-On-Year At Rs 1.74 Lakh Crore | Economy News

New Delhi: Goods and Services Tax (GST) collections in August, in gross terms, were at Rs 1.74 lakh crore, with a yearly jump of 10 per cent, data showed on Sunday. In August 2023, the total collection was to the tune of Rs 1.59 lakh crore. CGST, SGST, IGST, and cess all increased year-on-year in […]

ABHISEK RAJPUT

September 1, 2024

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GST Council Forms GoM To Review Tax Rate On Health, Life Insurance; Report By Oct 30 | Economy News

New Delhi: The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life insurance products and submit its report by October 30. Bihar Deputy Chief Minister Samrat Choudhary is the convenor of the GoM. The members of the panel include members from Uttar […]

ABHISEK RAJPUT

September 15, 2024

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GST Council Meet On September 9: From Taxation On Insurance Premium, Rate Rationalisation –Check Key Expectations | Economy News

New Delhi: With an aim to ensure less burden on the taxpayers, the 54th GST Council meeting on Monday is likely to deliberate on a slew of issues, including rate rationalisation, taxation of insurance premiums, online gaming, and more. According to industry sources, the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is also […]

ABHISEK RAJPUT

September 9, 2024

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GST Council meet: Taxation On Insurance Premium, Rate Rationalisation Key Hopes | Economy News

New Delhi: With an aim to ensure less burden on the taxpayers, the 54th GST Council meeting on Monday is likely to deliberate on a slew of issues, including rate rationalisation, taxation of insurance premiums, online gaming, and more.  According to industry sources, the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is also […]

ABHISEK RAJPUT

September 8, 2024

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Highest Ever GST Collection! Hits Record High Of Rs 2.10 Lakh Crore In April | Economy News

New Delhi: The Gross Goods and Services Tax (GST) reached a new milestone in April, with collections hitting a record Rs 2.10 lakh crore for the month of April 2024.  “This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, […]

ABHISEK RAJPUT

May 1, 2024

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Historic GST Collection In April 2024: Check State-Wise Growth Of GST Revenues During April –Full List | Economy News

New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at Rs 2.10 lakh crore.  “This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST revenue for April 2024 stands […]

ABHISEK RAJPUT

May 2, 2024

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Impact On Infosys Stocks After Karnataka Authorities Withdraw GST Notice Against Company –Expert Explains | Markets News

New Delhi: IT bellwether Infosys has said that Karnataka state authorities have withdrawn GST notice against the company, a day after it received Rs 32,403 crore GST demand. Infosys said that the state authorities have directed the company to submit further response to the Directorate General of GST Intelligence (DGGI) on the issue. Impact Of […]

ABHISEK RAJPUT

August 2, 2024

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What Has Become Cheaper And What Has Become Expensive After GST Council Meeting? Check | Economy News

New Delhi: The 54th meeting of the GST Council took some major decisions on reducing taxes on certain essential items, while taxes on a couple of items has been hiked. The GST Council, comprising the Union Finance Minister and representatives from all States and Union Territories, was established in 2017, to make decisions on various […]

ABHISEK RAJPUT

September 10, 2024

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Will GST On Health, Life Insurance Premiums Be Reduced? GST Council To Finalise Tax Cuts In November, Sets Up GoM | Economy News

New Delhi: The GST Council on Monday reached a broad consensus on reducing taxes on health and life insurance premiums, and a final decision on this would be taken in the November meeting. The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, exempted from GST grants or funds received for R&D […]

ABHISEK RAJPUT

September 10, 2024

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