- 26 Mar 2025 06:23 PM
- New
GST on Higher Education: Current Exemptions & Policies
Source: https://taxguru.in/goods-and-service-tax/gst-higher-education-current-exemptions-policies.html
The government has stated that GST rates and exemptions for education services are determined by the GST Council, which includes both Union and State/UT representatives. Any change in GST rates or exemptions follows a deliberative process. Currently, no city-based differential GST rates exist. Several educational services are exempt under Notification 12/2017-Central Tax (Rate), including services provided by educational institutions to students, faculty, and staff, entrance examinations, and admission-related services. Schools receive additional exemptions for transport, catering (including mid-day meals), security, cleaning, and online journals for higher education institutions. The definition of “educational institution” includes pre-schools, schools up to higher secondary, recognized degree programs, and approved vocational courses. Additionally, affiliation services provided by educational boards to government or government-controlled schools are also exempt. Under Notification 02/2017, exemptions extend to printed books (including Braille), newspapers, journals, periodicals, children’s books, slates, chalk, and slate pencils. While the government acknowledges concerns about the financial burden on students, especially in tier-2 and tier-3 cities like Sangli, there is currently no recommendation from the GST Council to alter existing GST rates on higher education services.
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- 26 Mar 2025 06:33 PM
- New
CGST Delhi East Hosts GST Registration Campaign 2025
Source: https://taxguru.in/goods-and-service-tax/cgst-delhi-east-hosts-gst-registration-campaign-2025.html
CGST Delhi East Commissionerate launched a two-day GST Registration Campaign on March 21-22, 2025, aimed at increasing awareness and compliance among unregistered traders and manufacturers. Helpdesks were set up at key locations in areas like Seelampur, Jaffrabad, and Gandhi Nagar, addressing over 2,000 trader queries. The campaign resulted in more than 100 fresh GST registrations and distributed 7,500 pamphlets in Hindi and Urdu to highlight GST provisions.
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- 26 Mar 2025 06:18 PM
- New
Why a ‘health tax’ alone may not solve India’s junk food crisis
The growing consumption of ultra-processed food and aggressive marketing techniques by brands, such as pushing them to shelves labelled as healthy, have caught the government's eye. The Economic Survey 2024-25 highlighted the issue and suggested several corrective steps from awareness campaigns and stricter labelling to a ‘health tax’ to curb the excessive consumption of ultra-processed food.
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- 26 Mar 2025 06:36 PM
DGGI Cracks Down on Offshore Gaming Tax Evasion
Source: https://taxguru.in/goods-and-service-tax/dggi-cracks-offshore-gaming-tax-evasion.html
Directorate General of Goods and Services Tax Intelligence (DGGI) has intensified actions against offshore online money gaming entities to curb tax evasion. Around 700 offshore operators involved in gaming, betting, and gambling are under investigation for evading GST by not registering, hiding taxable pay-ins, and bypassing tax regulations.
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- 26 Mar 2025 06:16 PM
Budget aims to do reforms to build Viksit Bharat by 2047, says FM Niramala Sitharaman
Finance Minister Nirmala Sitharaman, on Tuesday, underscored the Union government's commitment to providing tax certainty and streamlining business regulations as part of the broader vision to build a Viksit Bharat by 2047.
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- 26 Mar 2025 06:39 PM
Import Duty and GST on Lifesaving Medical Devices
Source: https://taxguru.in/goods-and-service-tax/reducing-import-duty-lifesaving-drugs.html
Indian Government has clarified there are no current plans to reduce import duties on lifesaving medical equipment. Most medical devices attract a basic customs duty (BCD) ranging from 7.5% to 10%, while certain critical equipment, such as coronary stents and assistive devices for the disabled, attract nil BCD. Regarding GST, most lifesaving medical equipment already benefits from a concessional rate of 12%, compared to the standard 18%. The GST Council, a constitutional body representing Union and State Governments, prescribes GST rates and exemptions. No recommendation has been made by the Council for further GST reductions on such devices. For health and life insurance premiums, a Group of Ministers (GoM) was constituted during the 54th GST Council meeting on September 9, 2024, to examine the issues holistically. However, the GoM has not yet submitted its final report. The government also highlights that concessions and exemptions aim to make essential medical equipment accessible while supporting domestic manufacturing through indirect incentives.
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- 25 Mar 2025 06:05 PM
Opposition leaders press for simplification, reduction of GST
New Delhi, Mar 24 (PTI) Opposition members on Monday demanded the government to simplify and reduce the Goods and Services Tax (GST) as it is putting the burden on the poor.
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- 25 Mar 2025 06:16 PM
Fund transfers to states under 15th Finance Commission declined 52% over 3 years
NEW DELHI : The Centre’s revenue deficit grants to states have sharply declined in recent years, reducing the funds states receive under the 15th Finance Commission’s recommendations.
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- 25 Mar 2025 06:07 PM
Goa CM Sawant appointed convenor of GoM on GST revenue analysis
Panaji, Mar 25 (PTI) Goa Chief Minister Pramod Sawant has been appointed as the convenor of the Group of Ministers (GoM) on GST revenue analysis, officials said on Tuesday.
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- 25 Mar 2025 06:12 PM
IndusInd Bank share price falls over 5% after ₹30 crore penalty for ‘various GST issues’
IndusInd Bank share price has plunged 35% in one month and is down 30% on a year-to-date (YTD) basis. Over the past six months, IndusInd Bank shares have dropped 54%, while the banking stock has declined 34% in two years.
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