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Searched Tag: gst meet
GST rate review urged by Finance Secretary Tuhin Kanta Pandey. Image X.

Fin Secy Tuhin Kanta Pandey calls for GST rationalisation

February 3, 2025, 06:24 PM - 3 min read

The call for a rationalisation of the Goods and Services Tax (GST) rates has become more pronounced, as Finance Secretary Tuhin Kanta Pandey emphasised the need for a review of the existing structure.

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GST collections in January rise by 12.3% YoY to ₹1.96 lakh cr.

GST collections in Jan rise by 12.3pc YoY

February 1, 2025, 08:41 PM - 2 min read

India’s Goods and Services Tax (GST) collections for January have shown a notable surge, reaching a record ₹1.96 lakh cr. This marks a year-on-year growth of 12.3 pc, highlighting the robust performance of the tax system. 

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GST Exemption for Payment Aggregators on Transactions Below 2000.

Payment aggregators get GST exemption for small transactions

December 23, 2024, 05:07 PM - 3 min read

In a significant move for the financial sector, Finance Minister Nirmala Sitharaman announced an important decision during the 55th GST Council Meeting held in Jaisalmer.

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GST Council Approves New System to Track Evasion Prone Goods.

India to roll out Unique ID Marking System for GST evasion

December 23, 2024, 04:22 PM - 4 min read

India is set to introduce a Unique Identification Marking (UIM) system as part of an initiative to curb GST evasion in specific commodities, particularly those prone to tax leakages such as tobacco products.

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New GST measures aim to boost transparency in supply chain.

GST Council approves 'Track and Trace Mechanism' for goods

December 22, 2024, 05:37 PM - 4 min read

The 55th GST Council meeting, led by Finance Minister Nirmala Sitharaman, introduced several significant decisions aimed at strengthening the Goods and Services Tax (GST) framework and reducing tax evasion.

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Decision on health insurance GST deferred by GST Council.

GST Council meets and announces key decisions

December 22, 2024, 05:32 PM - 5 min read

The 55th Goods and Services Tax (GST) Council meeting, led by Finance Minister Nirmala Sitharaman, unveiled several key decisions aimed at streamlining the tax structure across various sectors.

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