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The GST Council at its two-day meeting starting today will state over the issue of taxation over assessees and draft model laws for execution of the new GST administration from April 1 next year.
Central Board of Excise and Customs (CBEC) has been educating people about the new taxation scheme happen to roll next year with the help of various campaigns. The consensus issue still hangs between the centre and all the states under the dual control of dealers up to an annual revenue threshold of Rs. 1.5 crore.
The GST has been very significant reform upcoming in India as it is seen by very positive eyes because it will be a business uplifting scheme after the Independence and certainly a page turner. Another term (MGL) Model GST Law has been studied and has been taken into the consideration in the context of Employer and Employees relation.
Tamil Nadu saw a significant discussion meeting recently in which Salem Central Excise and Service Tax Commissionerate made some important clarifications on Goods and Service tax regime which is destined to roll out on April 1, 2017, absorbing all the indirect taxes currently prevailing in the nation.
On Sunday, February 1, 2026, Finance Minister Nirmala Sitharaman presented the Union Budget for the Financial Year 2026-27 in the Lok Sabha. This amendment is notable in the 2026 budget for its practical, litigation-reducing GST reforms, which simplify compliance while maintaining revenue safeguards. This makes it one of the most business-friendly GST changes introduced this […]
The Forum for Internet Retailers, Sellers & Traders (FIRST India), an association representing more than 300 online platforms focused on micro, small, and medium enterprises (MSMEs), has reached out to Finance Minister Nirmala Sitharaman for clarification on the Goods and Services Tax (GST) regulations. Their communication highlights concerns surrounding the ambiguity in classifying intra-state and […]
The Bombay High Court ruled that the authority must pay ₹71.31 lakh as interest on the refund of illegally collected IGST (Integrated Goods and Services Tax) under the Reverse Charge Mechanism (RCM) on ocean freight. Justices M.S. Sonak and Advait M. Sethna considered that the applicant had submitted IGST, which the respondents used up to […]
A recent performance audit conducted by the Comptroller and Auditor General of India (CAG) has revealed notable systemic issues within the e-way bill system associated with the Goods and Services Tax (GST) framework. This audit raises important concerns regarding the accuracy and reliability of tax reporting within the system. In the State Assembly, the report […]
In India, the Goods and Services Tax (GST) system represents a significant step in easing the collection of taxes on goods and services. An update has been launched by the government called GST 2.0, which revises the way taxes are structured to make the system simpler to comprehend, transparent, and effectively suited to the requirements […]
