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Bengaluru: Amid the political face-off between the ruling Congress and the opposition BJP over the issue of GST notices to small traders and shop owners demanding exorbitant tax payments, traders across the state have launched a three-day agitation starting Wednesday. As part of the protest, traders have stopped serving milk, coffee, and tea to customers…
New Delhi: In what will bring cheers to millions of UPI users, the Ministry of Finance has given its response on the levying of GST on UPI transactions above a certain limit. On July 22, Congress MP Anil Kumar Yadav raised a query in the Rajya Sabha. He posed questions regarding government’s proposal to levy…
New Delhi: There are over 1.52 crore active Goods and Services Tax (GST) registrations and one-fifth of registered GST taxpayers in India now have at least one woman, and 14 per cent of registered taxpayers have all female members (on the basis of the constitution of business), an SBI report revealed on Tuesday. This representation…
New Delhi: The Goods and Services Tax Network (GSTN) has issued important advisory on the GST Amnesty Scheme. The latest advisory is applicable for registered taxpayers under goods and services tax (GST). GSTN in its July 16 advisory said, “Taxpayers who have filed waiver applications in Forms SPL 01/SPL 02 are receiving orders from the…
New Delhi: The massive adoption of unified payments interface (UPI) based digital transactions had put India in the global spotlight. However cash payments and transactions are seemingly making comeback in the shops of Bengaluru. As per a report in the Economic Times, small shopkeepers and street vendors in Bengaluru are removing QR codes. The shop…
GST New Rule From July 2025: The Goods and Services Tax Network (GSTN) has announced significant changes effective from the July 2025 tax period. Going forward, the monthly GST payment form GSTR-3B will become non-editable after filing. Additionally, taxpayers will no longer be allowed to file any GST returns beyond three years from their original…
New Delhi: The government has fixed the maximum retail price of 41 essential medicines used in the treatment of diabetes, heart, fever, pain, stress and other lifestyle related diseases. Information regarding the same was given in a notification issued by the National Pharmaceutical Pricing Authority (NPPA) on Tuesday 3 June 2025. Apart from this price,…
New Delhi: India’s gross Goods and Services Tax (GST) collection for May 2025 reached Rs 2.01 lakh crore, marking a 16.4 per cent rise compared to the Rs 1.72 lakh crore collected in May 2024, according to data released by the Ministry of Finance on Sunday. This marks the second month in a row that…
New Delhi: The Central Board Of Indirect Taxes And Customs (CBIC)has made revision in rules pertaining to Central Goods and Services Tax Rules, 2017. New Rules Applicable From Which Date? In a circular issued on 27 May 2025, the CBIC said that these rules may be called the Central Goods and Services Tax (Second Amendment)…
Budget 2025 India Expectations Live Updates: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 on February 1, 2025, six months after unveiling the first full budget of the Modi 3.0 regime. While taxpayers are awaiting potential reductions in tax rates and higher exemption limits in the face of high inflation and…