GST News

Finance Ministry: 158 GST Cases Registered Against Gaming Firms for Rs 1.53 Lakh Crore

14 March 2025 at 09:02

The Finance Ministry informed the Rajya Sabha on Tuesday that 158 cases involving Goods and Services Tax (GST) dues totaling ₹1.53 lakh crore have been registered till January 2025.

Posted in GST | 471 Views

CBIC Seeks Proposals for Reorganising CGST Commissionerates: Deadline 31st March 2025

13 March 2025 at 08:49

The Central Board of Indirect Taxes and Customs (CBIC) has initiated a comprehensive assessment of the territorial jurisdiction of Central Tax Commissionerates across all Central Tax Zones.

Posted in GST | 7425 Views

FM Sitharaman Hints at Major GST Rate Cut

10 March 2025 at 08:58

In a significant policy development, Finance Minister Nirmala Sitharaman has hinted at an upcoming reduction in GST rates while remaining non-committal on potential changes to capital gains tax.

Posted in GST | 3345 Views

GST Council Reconstitutes GoM with Revised Mandate to Analyze GST Revenue Trends

08 March 2025 at 08:39

In its 55th meeting held on December 21, 2024, in Jaisalmer, Rajasthan, the GST Council decided to reconstitute the Group of Ministers (GoM) on Analysis of Revenue from GST with revised Terms of Reference (ToR).

Posted in GST | 6027 Views

Haryana, Maharashtra, Karnataka, Gujarat & Tamil Nadu Top GST Collections in February 2025

07 March 2025 at 09:00

The Excise and Taxation Department has recorded significant growth in Goods and Services Tax (GST) collection, reinforcing Haryana's strong fiscal performance. ..

Posted in GST | 453 Views

Mahakumbh Boosts UP's GST Collections, Contributing Over Rs 1000 Crore Increase

06 March 2025 at 08:46

Uttar Pradesh has recorded a significant jump in its GST collections, with over Rs 1,000 crore increase in January and February 2025 compared to the same period last year.

Posted in GST | 1893 Views

GST Taxpayers to Get 2 Months to Accept or Reject Credit Notes Under Amended CGST Rules

05 March 2025 at 08:47

In a significant relief to Goods and Services Tax (GST) payers, the government is likely to amend the CGST Rules, allowing recipients of goods and services up to two months to accept or reject a credit note and adjust the ITC accordingly.

Posted in GST | 28176 Views

GSTN Enhances Biometric Authentication for Directors: Home State Option Now Available

04 March 2025 at 08:39

In a significant move to streamline GST registration, the GSTN has introduced a new facility allowing certain Promoters and Directors to complete Biometric Authentication at any GST Suvidha Kendra (GSK) within their Home State.

Posted in GST | 2331 Views

GST Collections in February 2025 Surge 9.1% to Rs 1.83 Lakh Crore

03 March 2025 at 08:39

The Goods and Services Tax (GST) collections for February 2025 have shown a strong 9.1% year-on-year growth, reaching ₹1.83 lakh crore compared to ₹1.68 lakh crore in February 2024. This sustained increase reflects economic resilience, improved compl

Posted in GST | 1500 Views

State Tax Department Recovers Rs 11.18 Lakh Penalty in Major GST Violation Case

28 February 2025 at 08:35

In a major enforcement action, the State Tax Department of J&K has realized a penalty of ₹11,18,068 from a taxpayer for violating GST regulations related to the transportation of rigid tubes, pipes, hoses, and fittings made of propylene polymers.

Posted in GST | 7380 Views