Always puzzled and novice when comes to the GST ITC (Input Tax Credit) on goods or service or both used for construction of immovable properties when such properties are used in in the course or ...

Potential rate rejig in GST Council meeting due to consistent growth in domestic collections, aiming for rationalization of ...

The GST Council has reconstituted the Group of Ministers on GST revenue analysis with an expanded ToR, focusing on ...

GST Council forms GoM for revenue mobilization during disasters and reconstitutes GoM for analyzing GST revenue trends.

Further discussions will take place in the next GST Council meeting to address crucial aspects, including rate reductions, ...

While lower GST could help increase penetration of insurance, some experts call for controlling medical inflation as well ...

Tax experts say that the GST misclassification in the textile industry arises from ambiguity in tax slabs. “Some manufacturers have allegedly misclassified transformative processes under the 5% ...

Union Finance Minister Nirmala Sitharaman has said that Goods and Services Tax (GST) rates will be reduced further as the ...

The GST Council has constituted a Group of Ministers under Uttar Pradesh Finance Minister Suresh Kumar Khanna to suggest ...

The GST Council, in its 55th meeting on December 21, 2024, had decided to reconstitute the Group of Ministers (GoM) on GST revenue analysis with a revised ToR. The GoM was first set up in 2019.

Finance Minister Nirmala Sitharaman announced efforts to further lower GST rates, with the rationalization process nearing ...

FM Sitharaman mentioned that the revenue neutral rate (RNR), which was 15.8 per cent when GST was introduced in July 2017, ...