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Gst News

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Ghaziabad: Businessman protests naked in GST office over arbitrary tax worth Rs 85 lakhs | VIDEO

Meerut businessman naked GST protest: In the video, Jain can be seen sitting inside the GST office, visibly distressed, as he accuses the officers of extortion and illegal practices....
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Rahul Gandhi lashes out at BJP over GST complexity, proposes single tax rate

In a post on X, Rahul Gandhi wrote, "When the owner of a small business, like Annapoorna restaurant in Coimbatore, asks our public servants for a simplified GST regime, his request is met with arrogance and outright disrespect. Yet, when a billionaire friend seeks to bend the rul...
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Coimbatore businessman criticizes GST system, sparks controversy with Nirmala Sitharaman

Srinivasan brought to light the difficulties arising from inconsistent GST rates on various products. He pointed out that the GST rate on sweets is 5%, while namkeen is taxed at 12%. According to Srinivasan, these varying rates make calculating GST and input credits challenging n...
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GST council slashes rates on cancer drugs, airlines, discusses health insurance premiums; All you need to know

The GST Council also discussed topics like Integrated Goods and Services Tax (IGST) balance, rate rationalization, and reverse charge mechanism for renting commercial properties....
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Electric Vehicle industry seeks boost in Union Budget 2024-25

The Indian EV industry hopes for supportive measures in the upcoming budget to address high costs, limited charging infrastructure, and lagging demand. Measures sought include extending FAME subsidies, reducing GST, and promoting local manufacturing....
GST

GST council meeting: Which goods, services get cheaper and costlier? Top takeaways

The Union minister also said that to help small taxpayers, the council has recommended that the deadline to furnish details and returns in form GSTR 4...
Wholesale market (Representative Image)

Govt plans tax rate cut to boost demand; Know how will it work?

As per officials, increasing consumption is thought to be essential for recovering demand, which is essential for resuming the investment cycle and, i...
Nirmala Sitharaman

Why is govt taking away my profits? Sitharaman says we are SLEEPING partner | VIDEO

On May 16, during the ‘Vision for Indian Finance Markets’ event at the Bombay Stock Exchange (BSE) in Mumbai, a broker questioned Sitharaman about...
Zomato

Zomato receives fresh GST notice, totaling Rs 2 crore in demand and penalties

The food technology giant announced its intention to lodge an appeal against the order with the relevant authority. ...
We have strong case: Zomato to challenge Rs 23 crore GST notice

We have strong case: Zomato to challenge Rs 23 crore GST notice

The notice alleges that Zomato received the GST demand due to an excess amount claimed as input tax credit, coupled with interest and penalty charges....
Nirmala Sitharaman

Budget 2024: NRAI proposes sweeping reforms including 'Food Services Ministry'

Budget 2024: As the NRAI leads the charge for these transformative reforms, the stage is set for a potential revitalisation of India's restaurant indu...
Zomato

Zomato denies any liability for Rs 401 crore GST against show cause notice from DGGI

The company in its response has said that they are ‘not liable’ for the Goods Service Tax (GST)....
Online Gaming

Blow for online gaming firms, slapped with Rs 1 lakh crore notice

It is to be noted here that a 28% GST rate should have been in place starting from October 1, according to the law....

Finance Minister Nirmala Sitharaman to chair the 52nd GST Council Meeting today

Union Finance Minister Nirmala Sitharaman with preside over the 52nd Goods and Services Tax (GST) Council meeting at the Sushma Swaraj Bhawan in Ne...

Nitin Gadkari for 10pc additional GST on diesel cars

Union Transport and Highways Minister Nitin Gadkari has proposed a 10 per cent hike in diesel cars, in a bid to discourage pollution-creating vehic...

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