GST return due date clash with Diwali: BCAS urges extension of GSTR-3B filing dateThe Bombay Chartered Accountant Society has urged the finance minister to extend the GSTR-3B filing deadline. This request stems from the u...
GST on insurance premium: Why you may not get full benefit of GST reduction by 18% unless there's clarity on exemption vs nil-ratedStarting September 22, 2025, the GST on individual health and life insurance premiums will be slashed to zero. However, insurers are uncert...
'Nil' GST rate on notebooks causes anxiety to manufacturers!Notebook manufacturers are appealing to the GST Council to move notebooks from the 'nil' GST rate to the 5% bracket. They argue that the in...
Sitharaman & co just slashed your food bill with GST 2.0The Goods and Services Tax (GST) Council has reduced taxes on essential food items. This decision was made during a meeting in New Delhi. U...
Cars, ACs, Televisions & more: Full list of items that are likely to get cheaper under new GST reformsThe government plans to simplify GST by replacing the current four-tier structure with a two-rate system: 5% and 18%, plus a separate sin t...
No late fees for filing GSTR-7 after deadline; Here’s why these taxpayers still need to file it to avoid serious consequencesGSTR-7 due date: New advisory by GSTN says even if the due date for filing GSTR-7 is missed, taxpayers filing a 'Nil' GSTR-7 return will no...
This new RBI rule can lower loan costs for you; comparison of home loan charges of SBI, HDFC Bank, ICICI Bank, PNB, Kotak Mahindra BankHere are some processing fee and part payment charges of home loan of top banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, Kota...
RTGS, NEFT charges of big banks in April 2024 compared: SBI, HDFC Bank, ICICI Bank, PNBRTGS, NEFT charges: NEFT is an electronic fund transfer system in which the transactions received up to a particular time are processed in ...
Axis Bank launches Infinity Savings Account with zero service charge on these 47 transactions; All you need to knowWith a focus on technologically savvy consumers who frequently interact with subscription-based models, Axis Bank has introduced a savings ...
GSTN advises taxpayers to plan return filing, invoice uploading to avoid last-minute rushAround 45 per cent of the returns filed on April 20 were either NIL returns (no tax liability and no ITC availment) or were such returns wh...
GST Council meet: Payment to states okayed, taxes cut on liquid jaggery, pencil sharpeners, tracking devicesFinance Minister Nirmala Sitharaman on Saturday announced that the GST Council has given its approval to clear Rs Rs 16,982 cr balance of G...
School canteen, bus services not under GST purview: AARThe question under review was whether these services provided by schools and the money charged by them should be subject to GST.
GSTN enables composition taxpayers to file NIL statement through SMSComposition taxpayers can now file NIL statement in Form GST CMP-08 through SMS and without logging in to the GST portal.
Govt offers filing of NIL GST statement in form GSTR-1 through SMSThis would substantially improve ease of GST compliance for over 12 lakh registered taxpayers who had to otherwise log into their account o...
Government rolls out facility of filing of Nil GST return through SMSThe functionality of filing Nil FORM GSTR-3B through SMS has been made available on the GSTN portal with immediate effect.
GST rate on sanitary napkins: At nil rate, do prices go up or down?While reduction in tax rate for sanitary napkins should lead to lower prices, the math may not be that simple.
GST Council flooded with requests to slash tax ratesIndia moved to a GST regime on July 1 after the Council fixed over 1,200 products in four tax slabs of 5, 12, 18 and 28 per cent.