GST rate rationalisation needed: Finance SecyGST rates need to be rationalised: Finance Secretary
Currently, GST is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at ...
GST rules for credit notes tightened to stop leakage
A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ...
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'We’ve done our math': CBDT, CBIC confident of meeting GST targets
The CBIC chairman shared an optimistic outlook on GST collections, highlighting the recent record-breaking figure of ₹1.95 ...
GST receipts rebound to second-highest peak in January
India’s gross Goods and Services Tax (GST) collections rebounded sharply in January, rising 12.3% from December’s weak 7.3% ...
GST rate rationalisation process underway, say sources
The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.
Retrospective GST input tax credit amendment to impact commercial realty
The government's retrospective amendment to the Finance Bill 2025 overrides the Supreme Court's ruling from October 2024, ...
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January's GST collections stand at ₹1.72L crore, second-highest ever
India's Goods and Services Tax ( GST) collections for January 2025 have hit ₹1.72 lakh crore, according to provisional data ...
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GST Collections Climb 12.3 Per Cent In January, Tamil Nadu Displays Highest Growth In Revenue
The overall gross GST revenue touched Rs 1,95,506 crore in January, data showed. Refunds worth Rs 23,853 crore were issued ...