GST Council

At present, the Goods and Services Tax regime is a four-tier structure, with tax rates of 5%, 2%, 18% and 28%. In a recent development, sources cited on Sunday that in the upcoming GST Council meeting, the members could discuss raising…

No GST for petrol and diesel and reduced tax rates on key Covid-19-related medicines On September 17, the GST Council meeting was scheduled in Lucknow. Indian ministerial panel on the country’s goods and services tax informed to…

GST Council may explore taxing gasoline, diesel, and other petroleum goods under a unified national GST regime. According to persons familiar with the topic, an Indian ministerial panel on the country's goods and services tax will…

"Baba Ramdev's Patanjali Denying GST Benefits To Customers; Rs 75 Crore Penalty Imposed" The National Anti-Profiteering Authority (NAA) has fined Patanjali, founded by Baba Ramdev for not passing on the price benefit to the consumers…

GST Rates Will Not Increase, No Late Fees For Filing GST; 28% GST For All Lotteries, Across India Approved We’d informed you some time back that the Central GST collection has fallen short of the budged estimate by nearly 40%, during…

5% Slab May Increase To 10%; 243 More Items In 18% Slab To Earn Rs 1 Lakh Crore Tax Revenues The Goods and Services Tax (GST) Council is planning to raise the base rate to 9-10 per cent from five per cent in bid of raising additional…

RBI Will Take Control Of 1,551 Urban Co-operative Banks Having Business Of Rs 7 Lakh Crore: What Does This Mean To Customers? It has been reported that the Central GST collection has fallen short of the budged estimate by nearly 40%,…

Do you find yourself avoiding the tedious tasks of filing for GST? There is a solution coming soon to your rescue! The GST Network is planning to launch a new method of filing the GST later this year! There are some wonderful…

GST Simplified! In a sweeping change, GST Council has simplified the overall GST filing to just one filling per month. This will provide a great relief to all those businesses, who generate lots of invoices and challans in a year. Besides,…

Indian retail is one of the fastest growing industries in India and contributes massively to the Indian growth story. By 2020, the industry is expected to reach the $1.1 trillion mark, and right now contributes 10% to the country’s overall…