- 10 Jun 2025 06:34 PM
- New
Understanding HSN Code Reporting in GSTR-1: Clarifications by CBIC
Recent communications from GSTN and CBIC have shed light on important aspects of HSN (Harmonized System of Nomenclature) code reporting in Table 12 of GSTR-1, particularly concerning B2B (Business-to-Business) and B2C (Business-to-Consumer) supplies. These clarifications aim to guide taxpayers on mandatory fields, optional declarations, and system validations.
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- 10 Jun 2025 06:27 PM
- New
Schloss Bangalores arm Tulsi Palace Resort gets ₹4.66 cr tax demand notices
Schloss Bangalore's arm Tulsi Palace Resort gets ₹4.66 cr tax demand notices
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- 09 Jun 2025 06:29 PM
- New
Infosys shares to be in focus after DGGI closed ₹32,403 crore pre-show cause GST notice
Infosys received a Goods and Services Tax (GST) demand closure notice on Friday, providing ₹32,403 crore relief to the IT major from the GST-demanded charges imposed by the DGGI earlier. Shares closed higher ahead of the closure development.
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- 06 Jun 2025 05:59 PM
GST Slab Rates: Which items fall under the 12% rate that council may remove? Are they going to be cheaper or dearer?
Most Union and state government officials, experts and GoM representative have supported the proposal to remove the 12 per cent GST slab.
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- 05 Jun 2025 05:46 PM
GST Council may eliminate 12% tax slab, to shift items to 5% and 18% rates: Report
The GST Council is considering a reduction of tax slabs from four to three by eliminating the 12 per cent rate.
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- 03 Jun 2025 06:03 PM
Mint Primer | GST mop-up: The signals for India’s economy & taxes
Goods and services tax (GST) collections are buoyant, exceeding ₹2 trillion in the past two months. Mint looks at what they indicate about the state of the economy. Is it time to go ahead with the overdue rationalization of GST rates?
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- 03 Jun 2025 05:57 PM
Small businesses bleed cash as GST kicks in before payments
The founder of a small ed-tech firm in Bengaluru, Bhagat must pay goods and services tax (GST) on every invoice she raises—even when clients delay payments for months. The burden eats into her working capital, sometimes pushing her to borrow or dip into savings just to stay compliant. By year-end, nearly 3% of her revenue is lost to GST on unpaid dues.
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- 03 Jun 2025 06:13 PM
Setback to Patanjali Ayurved, Allahabad High Court dismisses ₹273.5 crore GST penalty appeal — details here
The Allahabad High Court rejected Patanjali Ayurved's plea challenging the ₹273.50 crore GST penalty. The court observed that the tax authorities can impose penalties on firms under Section 122 of the GST Act through civil proceedings without requiring criminal court trials.
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- 02 Jun 2025 06:10 PM
₹2 trillion GST revenue in May, points to strong consumer sentiment, dumping concerns
New Delhi: Central and state governments collected over ₹2 trillion in Goods and Services Taxes (GST) in May before adjusting for refunds, official data showed on Sunday, a 16% annual improvement that sustains the robust tax performance seen in the previous month.
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- 02 Jun 2025 06:19 PM
Indian stock market: 10 key things that changed for market over weekend- Gift Nifty, Trump tariffs to Russia-Ukraine war
Indian stock market: Gift Nifty was trading around 24,870 level, a discount of nearly 1 point from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices.
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