- 22 Jul 2025 06:41 PM
- New
No GST rate Cut Yet on Mango Pulp – Govt Clarified
Source: https://taxguru.in/goods-and-service-tax/gst-rate-cut-mango-pulp-govt-clarified.html
In response to a query raised in Lok Sabha regarding the high GST rate on mango pulp, the Ministry of Finance clarified that the current 12% GST rate is based on the GST Council’s recommendation, which includes representatives from both the Centre and States. Concerns were raised that this rate has led to a decline in demand from beverage companies, potentially impacting mango growers, particularly in Tamil Nadu.
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- 22 Jul 2025 06:37 PM
- New
GSTAT Operational Delays & Interim GST Dispute Measures
Source: https://taxguru.in/goods-and-service-tax/gstat-operational-delays-interim-gst-dispute-measures.html
The Indian Ministry of Finance, in response to a Lok Sabha unstarred question on July 21, 2025, provided an update on the establishment of the Goods and Services Tax Appellate Tribunal (GSTAT). A total of 31 state benches across 45 locations and a Principal Bench in New Delhi have been notified; however, none are currently operational. For the financial year 2025-26, a budget of Rs. 210,04,70,000 has been allocated for GSTAT, with Rs. 3,05,58,376 utilized to date.
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- 22 Jul 2025 06:34 PM
- New
Supreme Court to examine service tax on Reliance charter flights for executives
The tax department argued that Reliance Commercial Dealers Ltd is effectively renting aircraft to Reliance, which should attract higher taxes like equipment rentals.
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- 21 Jul 2025 05:30 PM
Centre, states close to agreeing on rolling cess into GST
The Centre and states are close to agreeing on folding the GST compensation cess within the broader goods and services tax (GST), two people aware of discussions in the government said. The two sides are also close to reaching an agreement on how to utilize the surplus cess collected, likely by dividing between them.
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- 21 Jul 2025 05:26 PM
GST officers detect ₹15,851 cr fraudulent ITC claims in April-June, 3,558 fake firms uncovered
New Delhi, Jul 20 (PTI) GST officers have uncovered fake input tax credit (ITC) claims of ₹15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number of fake firms detection was less Y-o-Y, officials said.
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- 19 Jul 2025 04:48 PM
BCCI invites proposals for accreditation services; how to procure RFP documents? What's eligibility criteria? Details
The BCCI has invited proposals for accreditation services with details of how to procure RFP documents and the eligibility criteria. The last date of submission of proposal documents is August 4, 2025.
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- 18 Jul 2025 05:19 PM
Clarification for traders transacting via UPI and Registration Requirement
The Department of Commercial Taxes, Benqaluru issued a press note on 11th July 2025 clarifying issues surrounding GST registration requirements for traders transacting via digital payment gateways. This clarification follows widespread confusion after media reports. Under Section 22 of the GST Act, 2017, GST registration is mandatory for businesses exceeding ₹40 lakhs in annual turnover for goods and ₹20 lakhs for services, regardless of the payment mode (cash, UPI, POS, etc.). Tax is levied only on taxable goods and services, after input tax credit adjustment. Businesses with turnover below ₹1.5 crore can opt for the composition scheme and pay GST at a lower rate (1%), but this is only available after registration. Officers have been instructed to guide and assist taxpayers, verify submitted documents, and ensure that registration processes are smooth. So far, over 98,000 taxpayers are registered under the composition scheme. Notices have been issued to unregistered traders exceeding the turnover threshold, but they account for less than 10% of registered composition dealers. The department also observed that some traders have shifted from UPI to cash post-notices; however, GST liability applies regardless of the mode of payment. Traders are urged not to panic and to comply with GST laws.
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- 17 Jul 2025 05:37 PM
Simplify GST: It’s time for a single all-India identification mandate
The goods and services tax (GST), which recently completed eight years in India, was originally envisioned as a “good and simple tax." However, over time, it has become increasingly complex. While a national GST would have been an ideal value added tax (VAT) system, the imperatives of a federal structure led to a compromise, resulting in a dual GST system comprising Central GST (CGST), State GST (SGST) and Integrated GST (IGST).
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- 16 Jul 2025 06:42 PM
Consumer dissonance: Focus policy on market rivalry instead of pricing strategy
In a country of highly price-conscious consumers, even a liberalized economy must endure an itch for price control that seems to surface in policy circles every few years. The latest instance is an idea reported to have popped up as part of a proposal to revise India’s MRP system. Under it, as of now, consumer-facing companies must display a ‘maximum retail price’ on a product’s pack above which it cannot legally be retailed.
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- 16 Jul 2025 06:38 PM
Ajit Ranade: A progressive GST is easier to promise than achieve
This month, India’s goods and services tax (GST) completed eight years. This is a milestone reform. It is a consumption tax that unifies the national economic market, getting rid of inter-state frictions and tax cascades, and is fully electronic with in-built incentives for compliance and prevention of leakage. In the five years since 2020-21, annual gross GST collections have more than doubled to ₹22 trillion.
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