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GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get reliefThe GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabli...- Employers may soon be able to claim ITC on GST paid for employee insurance coverThe GST Council is gearing up to consider a proposal regarding input tax credit for employee insurance premiums. Currently, businesses cann...
- GST 2.0's next move: Council may scrap officers' arrest powers, raise prosecution bar to Rs 5 croreThe GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Cr...
- Consumer companies score low on R&D spending amid innovation chorusIndian consumer firms are asserting their commitment to technology and innovation, yet their investment in research and development (R&D) r...
- Strong macro show takes shape in Q2 before festive rushIndia's economy is experiencing significant growth, highlighted by a 14.7% increase in goods and services tax collections in September. Car...
- Why did market crash today? Sensex drops 571 points, Nifty nears 22,450. 5 key factors behind Rs 5 lakh crore wipe outStock market Crash Reason: The Indian stock market endured a notable downturn, with both Sensex and Nifty witnessing considerable drops. In...
- Your UPI payment just got a price tag: what it means for GST-registered taxpayersNPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
- RBL Bank gets show cause notice with GST demand of over Rs 173 croreRBL Bank said it received a showcause notice from Maharashtra GST authorities proposing a demand of over Rs 173.08 crore, including interes...
- GST 2.0 revived demand. Now industry wants its tax credit unstuckThe GST Council is set to reconvene after a year to focus on reforming the input tax credit system. Recent surveys by KPMG and Deloitte hig...
- Stocks in news: Tata Group, ITC, IRFC, NCC, Zydus Lifesciences and JSW EnergyThe Indian equity markets faced a significant downturn, with benchmark indices slipping past vital support thresholds. The Nifty 50 saw a d...
- Rs 4 lakh crore loss! Why India's storied consumer stocks are languishing near the bottom in 2026In India, major consumer stocks have suffered a staggering drop, with market values plummeting by nearly Rs 4 lakh crore. Even with an upti...
- National Traders’ Welfare Board pushes centralised loan portal, faster MSME creditThe Board called for stronger coordination between the Centre and states to address issues faced by traders and improve the implementation ...
- Hyderabad: ITC fraud of Rs 32.28 cr unearthed, company director heldThe CGST Secunderabad uncovered a fraudulent Input Tax Credit case involving a significant amount of Rs 32.28 crore. A company director was...
- GST Council to take view on 18% levy on UPI merchant fees: ReportThe GST Council will meet on October 7 to discuss GST levy on UPI merchant fees exceeding Rs 2,000. The government has proposed a 0.4 perce...
- FMCG firms to hold prices despite rise in commodity costs; prioritise volume growthFMCG cos are likely to hold prices through the festive season despite rising commodity costs and geopolitical disruptions. After modest 2-5...
- UPI MDR could cost 47.2 bps with GST for merchantsThe new framework introduces a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, capped at Rs 300 on transactions of Rs 75,00...
- UPI MDR may attract 18% GST; eligible merchants can claim input tax creditEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...
- UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax creditUPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eight...
- Delhi HC acts big on fake GST registrations, rules no GST registration without biometric-based Aadhaar authenticationIn light of many fraudulent GST registrations, the Delhi High Court has ruled that no Goods and Services Tax (GST) registration can be obta...
- GST Council meeting likely to be postponed, say sourcesThe 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decision expected after consultations wit...
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