- 09 Oct 2023 06:18 PM
- New
Reliance General Insurance sent GST notices for ₹922 crore by DGGI
The Directorate General of GST Intelligence (DGGI) has sent four show cause notices for Goods and Services Tax (GST) dues amounting to ₹922.58 crore to Reliance General Insurance Company (RGIC), the crown jewel of Reliance Capital Ltd, reports said on October 8.
Read More
- 09 Oct 2023 06:15 PM
- New
All states for 28% GST on online money gaming effective from 1 October: Revenue Secy Sanjay Malhotra
The clarification comes in the context of some of the states not being able to pass state GST law changes when the new tax regime for online money games kicked in from 1 October as had been decided by the Council, creating some confusion among the industry.
Read More
- 09 Oct 2023 06:10 PM
- New
GST Council tweaks hiring norms for tribunal, clarifies on taxability of corporate, personal guarantees
New Delhi: Goods and Services Tax (GST) Council on Saturday clarified on the taxability of personal and corporate guarantees, tweaked the norms for hiring members and President of GST appellate tribunal and allowed businesses to file appeals despite delays.
Read More
- 07 Oct 2023 05:16 PM
Withdraw tax notices to online gaming industry: Delhi FM Atishi ahead of GST Council me
New Delhi: Delhi's finance minister, Atishi, on Saturday warned that the recently proposed 28% Goods and Services Tax (GST) on online gaming firms could jeopardize the entire Indian startup sector, potentially leading to significant job losses and hampering foreign investments.
Read More
- 07 Oct 2023 05:10 PM
Centre, states to informally discuss online gaming tax
New Delhi: The implementation of 28% goods and service tax (GST) on online gaming, horse racing and casinos will informally figure in discussions at Saturday’s GST Council meeting as the Centre is keen to see the new regime takes effect without hassles, said a person informed about Centre-state discussions.
Read More
- 07 Oct 2023 05:13 PM
GST Council meeting today; Here is what to expect
The GST Council is scheduled to convene on Saturday to deliberate on the unresolved reform issues.
The 52nd meeting of the council will take place in the capital city, as announced in a social media post by the council. However, the post did not disclose the precise topics or agenda for the meeting.
- 07 Oct 2023 05:22 PM
GST Council approves exemption of extra neutral alcohol from Goods and Services Tax: Report
The GST Council on 7 October approved exemption of extra neutral alcohol (ENA) from GST when supplied for the manufacture of alcoholic liquors, CNBC-TV18 has reported. As per the report, both grain-based and molasses-based ENA will be exempted from GST.
Read More
- 07 Oct 2023 05:28 PM
No impact on liquor prices despite change in GST on key ingredient
The Council, in its 52nd meeting on Saturday, decided to keep ENA out of GST ambit, in a relief to the liquor industry, a person informed about the discussions at the meeting said.
Read More
- 07 Oct 2023 05:32 PM
GST Council Meet: Tax-levying power on ENA ceded to states, distilled alcohol exempted; other key decisions
The 52nd Goods and Services Tax (GST) Council meeting on Saturday, October 7, ceded the right to levy tax on extra neutral alcohol (ENA)-supplied for the manufacture of alcoholic liquors - to the states.
Read More
- 07 Oct 2023 05:31 PM
GST Council Meet: Tax on millet flour preparation slashed to 5% from 28%; check details
The Goods and Services Tax (GST) Council on Saturday, October 7, decided to slash tax on millet flour food preparations from the current 18 per cent GST to 5 per cent, in an aim to make nutritious food items more accessible to the public. Millet flour, known for its nutritional value and health benefits, has gained popularity among health-conscious consumers in India.
Read More