Goods and Services Tax (India)
Value-added tax in India
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The Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and service. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.
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Centre plans GST revision: THESE items to get more expensive if new tax proposal passesSeveral everyday and other items will get more expensive if a new government proposal to amend the GST system is passed. Under the proposal, the expiring compensation cess will be replaced with a fresh..DNA - Published | |
BIG relief for middle-class as government gears up to offer GST reduction on daily-use goods, check what will get cheaperAfter a series of income tax concessions earlier this year during the budget presentation 2025, the central government is now gearing up to extend relief to middle and lower-income households in the..DNA - Published | |
Evening News Wrap: Telangana factory blast death toll rises to 12; police say Kolkata rape attack was 'premeditated'; and moreA tragic factory explosion in Telangana claimed 12 lives after a building collapse. In Kolkata, police confirmed a law college rape case was premeditated. Manipur saw more violence as gunmen killed..IndiaTimes - Published | |
SC slams GST defaulters' bail security 'tactic'; asks Madras HC to consider bail plea on meritIndiaTimes - Published | |
Compelling need for ending tax reforms in GST, says Congress' Jairam RameshCongress criticized the government, alleging that economic growth has exacerbated inequality. Despite World Bank data showing a significant reduction in extreme poverty in India, Congress highlighted..IndiaTimes - Published | |
Live in gated society? You might now have to pay 18% GST on flat maintenance; Check details hereThere has lately been much confusion among people living in gated societies with respect to whether Goods and Services Tax (GST) is applicable on their maintenance amount. The confusion has been..DNA - Published | |
Congress made this ED law, now facing the heat: Akhilesh takes a swipe at Gandhis as Kharge slams BJP over National Herald caseAmidst the National Herald case controversy, Akhilesh Yadav criticized Congress, stating they are facing consequences of their own ED law. He advocated for abolishing the Enforcement Directorate,..IndiaTimes - Published | |
Candy or ayurvedic item? GST poser on HajmolaIndiaTimes - Published | |
SC lists riders for arrests by GST and Customs staffIndiaTimes - Published | |
'Will his good friend in New Delhi...': Congress attacks PM Modi over President Trump's reciprocal tariffs, says it is 'threatening existence of GST'Jairam Ramesh also shared an article on X which claimed that the latest round of proposed tariffs from US President Trump includes a response to what the White House describes as "unfair" taxes,..DNA - Published | |
'Talk to your partners about Kangana's bungalow demolition': Nirmala Sitharaman fires back at Jaya BachchanUnion finance minister Nirmala Sitharaman responded to Jaya Bachchan’s criticism, clarifying that entertainment tax falls under state jurisdiction. She highlighted GST reductions on movie tickets and..IndiaTimes - Published | |
Rajnath Singh inaugurates Karnataka government event; Rahul, Kharge stay awayDefence minister Rajnath Singh emphasized unity in governance at Invest Karnataka 2025, urging states and the Centre to cooperate for India's development. He praised Bengaluru's potential in AI and..IndiaTimes - Published | |
SC stays GST action against e-gaming companiesIndiaTimes - Published | Congress slams BJP over slowdown in GST, claims India locked in 'low growth, low wages' cycleThe Congress criticized the BJP over the popcorn tax and highlighted concerning economic issues. Jairam Ramesh emphasized the need for government focus on comprehensive economic solutions, suggested..IndiaTimes - Published |
Remove GST on agriculture inputs: Farmers to FM Nirmala SitharamanFarmer organizations met with Finance Minister Nirmala Sitharaman on Saturday, urging GST exemption on agricultural inputs like equipment, feed, fertilizers, seeds, and medicines. They also proposed..IndiaTimes - Published | 'Grave injustice': Rahul Gandhi claims govt to bring in 'new GST slab'Rahul Gandhi criticized the government for increasing income tax and GST rates for the common man while providing concessions to billionaires. He highlighted the proposed GST slab increase on daily..IndiaTimes - Published |
Govt has failed to act on 'mass unemployment crisis': CongressCongress has criticized the Modi government for not addressing mass unemployment during its first 100 days in office. They blame demonetisation, GST implementation, an unplanned Covid-19 lockdown, and..IndiaTimes - Published | Tamil Nadu GST hotelier video: BJP expels functionary for posting clip of man's apology to FMIndiaTimes - Published |
BJP expels functionary after video of restaurant owner's apology to Sitharaman sparks outrageBJP expelled a functionary after a video of a restaurant owner apologizing to Finance Minister Nirmala Sitharaman went viral. The owner humorously criticized the GST system, prompting debates on its..IndiaTimes - Published | Tamil Nadu hotelier's apology to Sitharaman over GST remark triggers political rowIndiaTimes - Published |
'This has resulted in significant savings for...': PM Modi hails benefit of GSTThe PM also highlighted that after the implementation of GST, the savings of the poor and the common man have increased as the GST has reduced taxes on various household items like flour, curd,..DNA - Published | INDIA bloc allies back Kejriwal guarantees, Congress keeps mumDMK highlighted the distinct priorities outlined in each party’s manifesto. “Most of the guarantees made by Kejriwal such as electricity and health are state subjects. They can be implemented only..IndiaTimes - Published |
Furnish data on GST notices & arrests, SC directs CentreSupreme Court requests GST notices/arrests data to prevent harassment and address ambiguity in section 69 powers. Bench analyzing 281 petitions, highlights misuse concerns, and stresses the need for..IndiaTimes - Published | GST revenues hit record Rs 2.10 lakh crore in April on strong eco momentum, efficient tax collectionsIndiaTimes - Published |
'PM did not implement even one of his electoral promises': Mallikarjun KhargeKharge criticizes PM Modi for unfulfilled promises, BJP's lack of patriotism. Stresses 2024 election importance. Condemns GST impact, Aghadi's alliance decisions. Criticizes Modi's 'tight slap'..IndiaTimes - Published | 'Prime Minister will never tell you this...': Jairam Ramesh attacks CentreIn a post on X, Jairam said, "More than 40% of the wealth created in the country from 2012 to 2021 has gone to just 1 per cent of the population. About 64% of the total goods and services tax (GST) in..IndiaTimes - Published |
'Incompetence, malicious behavior': Jairam Ramesh lists 'failures of BJP government on agricultureJairam Ramesh criticized NDA govt for failures in agriculture, including GST impact, inadequate MSP increase, among others. In a post on X, Ramesh said, "Among all the failures of the Modi government,..IndiaTimes - Published | GST 'anti-profiteering' clause is fine, says HC; many companies to be hitDelhi high court has upheld the constitutional validity of the anti-profiteering clause in the GST law, which mandates companies to pass on the benefit of lower taxes and input tax credit to..IndiaTimes - Published |
Government tables 6 bills in Lok Sabha and passes 3, without oppositionThe government tabled six bills in the Lok Sabha, passed three, and debated three others after opposition protests and suspension of MPs. The House passed bills related to Delhi laws, GST, and..IndiaTimes - Published | Lok Sabha passes bill to cap age of GSTAT Prez, members; provisionally effect Budget duty changesThe Lok Sabha passed two bills -- The Central Goods and Services Tax (Second Amendment) Bill, 2023 and the Provisional Collection of Taxes Bill, 2023. The bills, piloted by Finance Minister Nirmala..IndiaTimes - Published |
Lok Sabha passes bill to raise age limit of president, members of GSTATPiloting the bill, Sitharaman said taxpayers who are litigating against GST demands in various high courts or the Supreme Court will have the liberty to withdraw their cases and approach GSTAT once the..IndiaTimes - Published | Demonetisation ended economic recovery that began in 2013: CongressCongress general secretary, communications, Jairam Ramesh said in a statement that demonetisation along with a "badly designed" GST finished off India's job-generating small and medium businesses,..IndiaTimes - Published |
UP Finance Minister Suresh Khanna becomes convenor of GoM of GST CouncilUttar Pradesh's Finance Minister, Suresh Khanna, has been appointed as the convenor for the Group of Ministers (GoM) by the GST Council to review tax rates on goods and services. The decision was made..IndiaTimes - Published | Online gaming companies face Rs 1 lakh crore GST noticesIndia's online gaming industry has been issued show-cause notices amounting to Rs 1 lakh crore, despite concerns raised about applicable GST rates. The government insists on a 28% GST rate, effective..IndiaTimes - Published |
Sporta Tech petitions Bombay high court against show cause to levy steep GST for ‘gambling’ servicesSporta Technologies Pvt Ltd, an online fantasy sports gaming company, has filed a petition in the Bombay High Court to challenge show cause notices regarding a steep Goods and Service Tax (GST) bill...IndiaTimes - Published | GST collection, devolution a success story in northeast: Nirmala SitharamanAccording to the 2023 RBI report on state finances, the eight NE states have registered a compounded annual GST hike of 27.5 per cent, Sitharaman said. Assam was the first state to ratify the GST Act,..IndiaTimes - Published |
With GST being linked to ED, traders paying tax could also be arrested: Delhi CM Arvind KejriwalKejriwal hoped that people would oppose this development at the GST Council meeting on Tuesday.DNA - Published Also reported by •IndiaTimes | Alok Kumar Agarwal Alankit: The Impact of GST On Small And Medium EnterprisesAlok Kumar Agarwal Alankit decodes how small and medium enterprises have been affected post-GST reformDNA - Published |
Vouchers not goods or services, exempted from GST, says Karnataka high courtVouchers are exempted from GST, the Karnataka high court ruled in a recent judgment, asserting that these don't carry any value and they're not goods or services either. "The definition of 'vouchers'..IndiaTimes - Published | |
