Despite the Centre’s push to simplify the Goods and Services Tax (GST) structure by eliminating the 12% tax slab, the Group of Ministers (GoM) on GST rate rationalisation remains divided on the proposal. The lack of consensus has stalled progress on GST reform, making Finance Minister Nirmala Sitharaman’s intervention crucial in the coming months. GoM …
The Goods and Services Tax Network (GSTN) has added YES Bank to the GST Portal as an authorized bank for accepting GST payments. With this addition, the total number of banks facilitating GST payments now stands at 31. This move is expected to provide more flexibility and ease to …
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Uttar Pradesh Dear Taxpayers, This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration …
In a shocking turn of events, a daily wage laborer in Kothagudem has received a recovery notice for Rs 22.86 lakh in pending GST dues, highlighting potential lapses in the tax system’s verification processes. According to reports, the individual, who earns a modest income through daily …
The Finance Ministry informed the Rajya Sabha on Tuesday that 158 cases involving Goods and Services Tax (GST) dues totaling ₹1.53 lakh crore have been registered till January 2025. Minister of State for Finance Pankaj Chaudhary, in a written reply, also revealed that between July 2017 …
In its 55th meeting held on December 21, 2024, in Jaisalmer, Rajasthan, the GST Council decided to reconstitute the Group of Ministers (GoM) on Analysis of Revenue from GST with revised Terms of Reference (ToR). The move aims to enhance revenue monitoring and policy recommendations for …
In a significant move to streamline GST registration, the Goods and Services Tax Network (GSTN) has introduced a new facility allowing certain Promoters and Directors to complete Biometric Authentication at any GST Suvidha Kendra (GSK) within their Home State. This enhancement aims to ease the process for Public …
In a significant relief to Goods and Services Tax (GST) payers, the government is likely to amend the Central GST (CGST) Rules, allowing recipients of goods and services up to two months to accept or reject a credit note and adjust the Input Tax Credit (ITC) …
Latest GST News in 2025: Key Updates, Changes, and Developments As 2025 unfolds, significant updates in India’s Goods and Services Tax (GST) landscape are making waves. Here’s a comprehensive look at the latest GST news, trends, and changes affecting businesses, taxpayers, and government policy. 1. GST …
The Goods and Services Tax (GST) Council is reportedly considering a reduction in tax rates on select items to stimulate consumption while maintaining revenue stability, according to a report citing sources familiar with the discussions. Proposal to Eliminate 12% GST Slab One of the key proposals …
