Due to a reduction in the GST rate, the government treasury may get a reduction of Rs 36000 crore. However, the final decision on this has to be taken by the GST Council. GST Council Meeting: GST on ...

This reduction rather than a complete waiver in GST on gross insurance premium will be beneficial for both policyholders as well as the insurance industry. A complete GST exemption would see input tax ...

GST on restaurant services, other than those located at specified premises, is leviable at 5% without input tax credit whether provided through Electronic Commerce Operators (ECOs) like Zomato, Swingy ...

The circular provides detailed instructions for field officers handling applications involving mismatches between GSTR-1 and GSTR-3B, delayed return filings, and interest liabilities. If taxpayers ...

The Central Board of Indirect Taxes and Customs (CBIC) on 27th March 2025 vide Circular No. 248/05/2025-GST has given ...

GST collections jumped 8.6% after adjusting for refunds, to ₹19.56 trillion, data from GSTN, the state-owned company that ...

Replying to a question from Rajya Sabha member Golla Baburao, Chaudhary said that GST rates are set by the GST Council, a ...

Consistent good growth in GST collections from domestic sources is likely to nudge the GST Council to effect a rate rejig in its next meeting. The Council is supposed to meet once in three months ...

Government enables Track & Trace mechanism to combat GST evasion, focusing on tobacco products with unique identifiers for ...

The Goods and Services Tax (GST) Council is likely to introduce a uniform 5 percent GST rate on all commercial-use drones in its upcoming meeting, according to a Business Standard report citing ...

Further discussions will take place in the next GST Council meeting to address crucial aspects, including rate reductions, slab restructuring and overall rationalisation. Responding to concerns ...