Search results for: gst council

The Centre may actively collaborate with States to overhaul the existing GST e-way bill framework, with the initiative slated for discussion at the upcoming 57th GST Council meeting. From the Economic Survey, the next wave of GST reforms will concentrate on reimagining the e-way bill system as a facilitator of smooth logistics rather than only […]

The Punjab and Haryana High Court has provided interim relief in a case that questions the imposition of Goods and Services Tax (GST) on corporate guarantees. This decision has temporarily prevented any coercive measures from being taken against the petitioner involved in the case. Asking for relief, Panacea Biotec approached the High Court. The applicant’s […]

President Droupadi Murmu announced that the Union government is committed to making significant changes that will positively impact the lives of poor and middle-class citizens. These changes include new tax reforms that aim to make the tax system fairer and more efficient, helping to ensure that more people benefit from government policies. The President, addressing […]

The hospitality industry has renewed its call for a consistent 5% GST on hotel accommodations and meals, urging the GST Council to simplify the current slab structure, which industry representatives claim is outdated and causes operational confusion. The Hotel and Restaurant Association of Haryana (HRAH) has raised the demand, which has asked for the removal […]

The Water Purification and Treatment Association of India (WAPTAI) has urged the government to recognise the need for rationalising the Goods and Services Tax (GST) on water purification systems and their key components. This acknowledgement is essential for promoting better access to clean water technologies. The association, representing manufacturers, distributors, technicians, and service providers from […]

Indian engineering exporters are urging the government to consider a reduction in income tax rates for non-corporate manufacturing MSMEs to 25%. Additionally, they are requesting the expedited release of most pending goods and services tax refunds. These measures are seen as vital for alleviating cash flow pressures and enhancing export competitiveness in the upcoming Union […]