- 17 Mar 2025 06:53 PM
- New
Government has no plans to roll back GST on leased properties
Source: https://taxguru.in/goods-and-service-tax/government-plans-roll-gst-leased-properties.html
The Government has no plans to roll back GST on leased properties, which has been applicable at 18% since 2017. The GST Council, a constitutional body, reviews such policies. In its 54th meeting, the Council shifted GST on non-residential property leases to a reverse charge mechanism. However, concerns were raised that this change increased costs for Composition Scheme taxpayers, as they cannot claim Input Tax Credit (ITC). To address this, the 55th GST Council meeting (Dec 2024) recommended excluding Composition Scheme taxpayers from this requirement. A new notification (No. 07/2025-CT(R)) was issued in January 2025, exempting them from reverse charge GST liability. The Central Government does not maintain nationwide data on leased properties.
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- 17 Mar 2025 06:50 PM
- New
GST Exemption for Autism Centres: Current Status & Policy
Source: https://taxguru.in/goods-and-service-tax/gst-exemption-autism-centres-current-status-policy.html
The Government clarified that Autism Centres providing education, care, and counseling without profit are not exempt from GST under existing laws. GST exemptions, as per Notification No. 12/2017, apply only to specific educational institutions, charitable organizations, and healthcare services. Currently, only healthcare services for terminally ill individuals or those with severe physical or mental disabilities (80% or more impairment) qualify as charitable activities for GST exemption. Autism does not automatically fall under this category, though severe autism (ISAA score >153) may be classified as an 80% disability under the RPwD Act, 2016. The decision to expand GST exemptions rests with the GST Council, which has made no such recommendations to date.
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- 17 Mar 2025 07:04 PM
- New
No Specific Income Tax Tax Codes for Online Gaming Companies
Source: https://taxguru.in/goods-and-service-tax/specific-income-tax-tax-codes-online-gaming-companies.html
The Indian government does not have specific tax codes for online gaming companies, making it difficult to track direct tax collections. However, under GST, 158 cases involving ₹1,53,167.37 crore have been registered against online gaming companies from July 2017 to January 2025. Additionally, 91 show cause notices have been issued, involving ₹1,43,961.83 crore. To prevent tax evasion, several GST measures have been introduced, including mandatory sequential return filing, electronic invoicing for businesses with over ₹5 crore turnover, biometric Aadhaar authentication for GST registration, and system-based monitoring of tax discrepancies. Direct tax compliance is enforced through notices, inquiries, and assessments. Since October 2023, GST at 28% is levied on online money gaming, which is classified as a “specified actionable claim” under the CGST Act. However, under direct tax laws, winnings from online games are not treated as income from gambling but are taxed under Section 115BBJ of the Income-tax Act.
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- 17 Mar 2025 07:13 PM
Odisha Govt Clarifies GST Exemption on compensation for Land Acquisition
The Odisha Finance Department has issued a clarification regarding the non-applicability of Goods and Services Tax (GST) on compensation paid for land and structural acquisition. According to the Central GST Act, 2017, and Odisha GST Act, 2017, the sale of land or buildings is neither considered a supply of goods nor a supply of services, thereby placing it outside the scope of GST.
The notice highlights a recent case where government authorities erroneously paid GST on compensation amounts provided to private landowners during the acquisition process. The department has emphasized that such payments are incorrect and unnecessary, urging all government departments and subordinate offices to ensure compliance with GST regulations.
- 17 Mar 2025 07:08 PM
GST Reforms in India: Recent Measures & Industry Suggestions
Source: https://taxguru.in/goods-and-service-tax/gst-reforms-india-recent-measures-industry-suggestions.html
Indian government, through the GST Council, continuously reviews and implements reforms to improve GST compliance and ease of doing business. In response to industry suggestions, several measures have been introduced. These include a retrospective amendment to Section 16(4) of the CGST Act, 2017, extending the time limit for availing input tax credit for financial years 2017-18 to 2020-21. Additionally, a new Section 128A provides waivers on interest and penalties for demand notices under Section 73 if tax dues are settled by March 31, 2025. To streamline the appeals process, amendments to Sections 107 and 112 have reduced pre-deposit requirements for filing GST appeals. Further, to support small taxpayers and e-commerce businesses, the mandatory registration requirement for intra-state supply of goods through e-commerce operators has been conditionally waived from October 1, 2023. Composition taxpayers are also permitted to make intra-state supplies through e-commerce operators under specific conditions. These reforms aim to reduce the compliance burden, simplify tax regulations, and create a more business-friendly GST framework.
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- 13 Mar 2025 05:31 PM
Centre ready to exempt health and life insurance from GST. Then why is the industry pitching for 12%?
New Delhi: There is unanimity on the need to reduce the goods and services tax (GST) on health and life insurance premia from 18%, but consensus eludes on what the final rate should be: nil, 5% or 12%.
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- 13 Mar 2025 05:38 PM
AI, capital, startups & reforms will drive India’s growth to $8 trillion: Infosys’ Nandan Nilekani
India can accelerate to an $8 trillion economy by 2035 by unlocking AI, digital public infrastructure, capital access, entrepreneurship, and policy reforms, says Infosys co-founder Nandan Nilekani.
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- 12 Mar 2025 06:09 PM
India’s GDP growth revisions shouldn’t raise eyebrows: They’re routine
The National Statistical Office (NSO) recently released the first revised estimates of India’s gross domestic product (GDP) for 2023-24, revising the GDP growth rate at constant prices from the earlier provisional estimate of 8.2% to 9.2%.
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- 10 Mar 2025 06:54 PM
Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies
The government also sought House approval for an extra ₹6.27 trillion spending, mainly for repayment of debt.
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- 10 Mar 2025 06:51 PM
FHRAI urges govt to delink food and beverage GST rates from room tariffs
New Delhi, Mar 9 (PTI) The Federation of Hotel & Restaurant Associations of India (FHRAI) on Sunday pitched for delinking the GST on food & beverage services from accommodation charges in hotels.
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