- 19 Mar 2026 07:11 PM
- New
₹88.74 Crore Spent on GST Bachat Utsav Awareness Campaign
The Government informed the Lok Sabha that a total expenditure of ₹88.74 crore was incurred on advertising and promotional activities for the GST Bachat Utsav campaign. The initiative was aimed at creating public awareness about GST rate rationalisation decided during the 56th GST Council meeting held on 3 September 2025.
Read More- 19 Mar 2026 07:13 PM
- New
Sequential Filing of GSTR-1 Before GSTR-3B Made Mandatory
Source: https://taxguru.in/goods-and-service-tax/sequential-filing-gstr-1-gstr-3b-mandatory.html
The Government informed the Lok Sabha about several reforms introduced to simplify Goods and Services Tax (GST) compliance and return filing procedures. Key initiatives include enabling NIL GST return filing through SMS and implementing e-invoicing from August 1, 2023, which auto-populates invoice data into GSTR-1 and facilitates filing of GSTR-3B.
Read More- 19 Mar 2026 07:04 PM
- New
Impact of GST Rationalisation On Tourism And Hospitality Sector
Source: https://taxguru.in/goods-and-service-tax/impact-gst-rationalisation-tourism-hospitality-sector.html
The Government informed the Lok Sabha that the GST Council, based on the recommendations of the Group of Ministers on rate rationalisation, reduced the GST rate on hotel accommodation services priced up to ₹7,500 per day from 12% with input tax credit (ITC) to 5% without ITC in its 56th meeting held on 3 September 2025.
Read More- 18 Mar 2026 06:47 PM
GST on Adult & Clinical Diapers Reduced to 5% Instead of Exemption
The Government informed the Lok Sabha that Goods and Services Tax (GST) rates and exemptions are determined based on the recommendations of the GST Council, a constitutional body comprising representatives of the Union and State Governments. In response to a query regarding removal of GST on adult and clinical diapers, the Government clarified that the GST Council, in its 56th meeting held on 3 September 2025, recommended reducing the GST rate on such products from 12% to 5%.
Read More- 18 Mar 2026 06:34 PM
Format of Certificate of ITC Reversal by the Recipient of Goods and Services
The document provides a format for a certificate confirming reversal of Input Tax Credit (ITC) by the recipient of goods or services in relation to credit notes issued under the Central Goods and Services Tax Act, 2017 and corresponding state GST laws.
Read More- 18 Mar 2026 06:50 PM
No Separate GST Rate for Ultra-Processed Foods as Tax Based on HSN Classification
The Government informed the Lok Sabha that Goods and Services Tax (GST) rates on food products, including ultra-processed foods (UPFs) and foods high in fat, sugar, or salt (HFSS), are determined based on the Harmonised System of Nomenclature (HSN), which classifies products under chapters 1 to 21. GST rate schedules are prescribed on the recommendations of the GST Council, comprising representatives of the Union and State Governments.
Read More- 18 Mar 2026 06:38 PM
Impact of GST Rationalisation for Hospitality Industry
Source: https://taxguru.in/goods-and-service-tax/impact-gst-rationalisation-hospitality-industry.html
The Government informed the Lok Sabha that the GST Council, based on the recommendations of the Group of Ministers on rate rationalisation, reduced the GST rate on hotel accommodation services priced up to ₹7,500 per day from 12% with Input Tax Credit (ITC) to 5% without ITC during its 56th meeting held on 3 September 2025. The change was introduced to simplify the tax structure in the hospitality sector and reduce transaction costs.
Read More- 17 Mar 2026 06:16 PM
GST reform urgency: India must mend a chain of input tax credit that’s holding its economy back
India’s GST is failing to act as a tax on value addition, since its credit system has got bent out of shape. Cascades don’t just burden enterprise, they push exports back, distort value chains and hurt the economy. Restore ITC neutrality to lower business costs and lift export competitiveness.
Read More- 17 Mar 2026 06:12 PM
Small mutual fund distributors warn of income hit, urge Sebi to revisit expense rules
MUMBAI: A new expense ratio rule from India’s market regulator could cut the income of small mutual fund distributors (MFDs) by as much as a fifth, prompting an industry body to warn of an uneven playing field.
Read More- 16 Mar 2026 05:42 PM
Investors run for cover fearing Nifty could test 52-week low
Nifty 50 has already decisively breached the key technical levels of 24604.72, 24058, and 23512 since the war began. That has pushed demand for 22000 Nifty put higher, driving its price up 15 times in two weeks
Investors have ramped up purchases of a hedge to protect their portfolios, fearing that the escalating war in West Asia could sink Nifty 50 to its 52-week low this month, even as analysts expect an odd bounce during the correction.