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GST Council May Take Up Merchant Discount Rate Issues, CBIC Clarifies ITC Eligibility on MDR
GST Council May Take Up Merchant Discount Rate Issues, CBIC Clarifies ITC Eligibility on MDR
Industry Cites Weak Demand and Rising Chip Costs Mobile phone manufacturers have called for a reduction in the Goods and Services Tax (GST) rate on smartphones, seeking a cut to 5% to support consumer demand and the domestic electronics industry. The industry has highlighted weak demand as one of the...
GST Council Meeting Rescheduled to October 7 Due to BRICS Summit in New Delhi
Vodafone Idea receives Supreme Court relief in ₹363 crore GST dispute Vodafone Idea has received relief in a ₹363 crore GST dispute after the Supreme Court dismissed the Centre’s appeal, sending the telecom company’s shares higher.
The 57th GST Council meeting will take place in New Delhi on September 12, with an officers’ meeting scheduled a day earlier on September 11. Highlights: • 57th GST Council meeting scheduled for September 12, 2026• Council meeting will begin at 11 am in New Delhi• Officers’ meeting to be...
Indian business professional completing a digital GST registration application, representing efforts to standardise documents and speed up approvals.
Renewable Energy Industry Urges Government to Cut GST on Battery Energy Storage Systems to 5%
Higher tax collection from domestic transactions and imports pushed gross GST revenue above ₹2.11 lakh crore. After refunds, the government’s net GST collection stood at more than ₹1.81 lakh crore.
The proposed changes, including mandatory ‘Ship-To GSTIN’ and voluntary e-way bill closure, were scheduled to take effect from August 1.GSTN has deferred the rollout until further notice after receiving feedback from businesses and technology providers. Highlights The Goods and Services Tax Network (GSTN) has put on hold two proposed enhancements...
Government extends GSTAT appeal filing deadline till July 31 after technical issues and surge in portal filings. Key Highlights: News Story New Delhi, June 30: The Central Government has extended the deadline for filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) by one month, allowing taxpayers to...
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