GST 2.0: A report by SBI Research has revealed that even though consumption may reach around 1.98 lakh crores due to GST reforms, the government's revenue may suffer a loss of up to 85,000 crores. GST ...

Can the GST portal help recover unpaid invoices? Learn how ITC reversal rules under GST can pressure defaulters and what legal steps suppliers can ...

New Delhi: In a major overhaul of the multitiered goods and services tax (GST) structure, the Central government has proposed scrapping the 12% and 28% slabs, among other reforms to India’s indirect ...

The CBIC has released new set of GST FAQs dated September 17, 2025, clarifying CGST rates, exemptions, handicrafts, compensation cess, petroleum imports and composition schemes for bricks. These ...

GST Collection: GST collections in September 2025 increased to ₹1.89 lakh crore, a growth of 9.1% year-on-year and 1.5% month-on-month. Changes in GST rates and exemptions on 375 items boosted sales ...

Under new final regulations, effective for relief filed on or after May 6, 2024, clients can request a private letter ruling (PLR) to correct past mistakes in GST exemption allocations and elections.

The commerce ministry directs retailers to prominently display GST discounts. Consumers should see these reductions clearly on receipts as 'GST discount'. This applies especially to high-impact ...

The GST Council is set to meet on September 3rd to discuss proposed GST rate rationalization. A Group of Ministers has endorsed a simplified structure with 5% and 18% slabs, potentially eliminating ...

The Karnataka High Court holds that payments made by assessee through Form GST DRC-03 at the time of search or pursuant to an ...

GST Rate Changes: The revised GST rates will come into effect on September 22. The Goods and Services Tax (GST) Council on Wednesday approved a complete overhaul of India's tax consumption tax since ...

Union Finance Minister Nirmala Sitharaman announced the new GST structure yesterday, with a slew of changes to the taxation for the automotive industry. While most of the clauses are reserved for the ...

https://www.thehindubusinessline.com/economy/gst-rate-cut-government-to-not-restore-anti-profiteering-mechanism-plans-to-engage-with-industries-to-pass-the-benefit-to ...