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As per the Union Finance Minister Nirmala Sitharaman, she will monitor the execution of the GST rate reduction and ensure that the common man will benefit. The significance of public participation has been outlined by the Finance Minister. She asked the citizens to report those businesses that will not lessen the costs even after the […]
The rationale behind the landmark GST reforms of India has been illustrated by Finance Minister Nirmala Sitharaman, citing how categorised disputes lead to litigation, revenue losses, and confusion for both businesses and states. FM Sitharaman, in an interview, revisited the much-debated “popcorn example,” which she said demonstrates the classification difficulties that troubled the earlier GST […]
Recently, the 56th GST council has made some important changes to help businesses, especially in the fast-moving consumer goods (FMCG) sector. One key change is that credit notes are no longer directly linked to invoices. This adjustment is aimed at reducing confusion for companies and sellers when they handle these documents. Overall, it’s a step […]
The Water Quality India Association (WQIA) has requested that the central government lower the GST rate on water purifiers, filters, and related services from 18% to 5%. They argue that the current high taxes make these essential items too expensive for many people and emphasise that making safe drinking water more affordable is important for […]
The Gujarat Chamber of Commerce and Industry has urged Finance Minister Nirmala Sitharaman, in a letter, to ease the GST framework by issuing industry-specific guidance notes, as the government is working on next-generation GST reforms. Nayan Sheth, chairman of the indirect tax committee of the GCCI, cited that the devotion of the government to lessen […]
The Tamil Nadu government has requested that the Union Finance Ministry assign officers from the Central Board of Indirect Taxes and Customs (CBIC) to the state’s Service and Analysis Wing, citing that critical job vacancies for the IT department are significantly impairing their operations. Earlier this month, the Secretary for Commercial Taxes and Registration, Shilpa […]
On Wednesday, August 20, 2025, Finance Minister Nirmala Sitharaman is set to address an important meeting with a group of state ministers. During this meeting, she will advocate for significant reforms to the Goods and Services Tax (GST). These proposed changes aim to lower tax rates, which could subsequently result in reduced prices for commonly […]
As per Union Finance Minister Nirmala Sitharaman, residents of smaller apartments with maintenance charges less than Rs 7,500 are not burdened by Goods and Services Tax (GST) compliance requirements, nor are they required to pay GST on these charges. The clarification has arrived in answer to a Lok Sabha question raised by the members Manickam […]
Everyone is looking forward to the upcoming 56th GST Council meeting, where important changes to tax rates are likely to be discussed. Finance Minister Nirmala Sitharaman has suggested that there will be efforts to make the Goods and Services Tax (GST) system easier to understand and follow. It seems that some tax rates may be […]
