GST council

Finance Minister Nirmala Sitharaman on Tuesday said there is no GST on chequebooks for bank customers, as she tried to clear "misinformation" over issues related to the imposition of the levy on various products and services. Also, there…

GST registered businesses with annual turnover of Rs 10 crore or more will have to generate e-invoices for B2B transactions from October 1, the finance ministry said. Currently, businesses with turnover of Rs 20 crore and above are…

The centre has made E-invoicing mandatory for businesses with aggregate turnover exceeding Rs 10 crore from October 1, a move which will further plug in revenue leakage and will ensure better tax compliance from businesses. Presently,…

NEW DELHI: GST collections rose 28% to Rs 1. 49 lakh crore in July, making it the second highest monthly collection since the new tax regime kicked in a little over five years ago. The July numbers, which represent transactions in June,…

The GST council, in its 47th meeting, recommended a levy at the rate of 5% on certain essential items such as pulses, rice, cereals, etc., when supplied as "pre-packaged and labeled" items. These changes are effective from 18th July…

Revenue secretary Tarun Bajajhas been seeking to ensure better compliance across tax payments and tells TOIthat the move to include packed and unbranded food items followed feedback from states and industry that the earlier regime was…

The states had completely backed removing exemptions on many packaged food items, Revenue Secretary Tarun Bajaj said, explaining the case for the levy. He said most of the issues with GST have been solved and the government will look to…

The Supreme Court on Friday termed the issue of levy of Goods and Services Tax on the mobility devices for people with disability as a "serious matter" and wondered how the court can break "shackles of policy". A bench of Justices DY…

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MUMBAI: Relax, if you are a salaried individual and have taken a residential flaton rent/lease, the recently introduced norms for levy of goods and services tax (GST) under the reverse charge mechanism (RCM) on rent that is paid will…