Phase III of HSN code reporting in GSTR-1/1A to roll out from February
GSTN implements Phase III of HSN code reporting for accurate GST compliance, enabling detailed reporting and curbing tax ...
Tax Guru18h
How much to reconcile in GST? A never ending exercise
In GST, the importance of reconciliation has increased multi-fold due to the compliance process that law brings in along with its legal provisions. The compliance process in GST generally requires ...
Taxpayers warned about fake GST summons: Here's how to check fraud
The DIN under GST is a 20-digit unique code assigned to official communications sent by tax authorities to registered ...
Economic Survey 2024-25: Higher GST, stricter labelling norms suggest for ultra-processed foods
The government must focus on a multi-pronged approach with stricter FSSAI labelling norms, higher GST, and awareness ...
Tax Guru2h
Section 129 GST Penalty Set Aside, Matter Remanded for Readjudication
1. This writ petition has been filed by the petitioner aggrieved of the impugned demand of penalty order passed in form GST MOV- 09 dated 17.09.2024 by Respondent No.2 under the provisions of CGST/ ...
Asian News International on MSN7d
Budget 2025: SBI urges higher healthcare spending, uniform GST on medical devices and tax exemptions
The report also noted that the government should consider exempting GST and taxes on term and health insurance premiums, ...
Have you received a fake GST notice? Finance Ministry issues warning for taxpayers on fake violation notices; here's how you can verify
The Central Board of Indirect Taxes and Customs (CBIC) has verified reports of scammers sending bogus GST summons, some of ...
Pitch Report: Insurers want Budget 2025 to deliver lower GST, higher exemptions
Analysts have also said that raising the FDI cap on the sector will help boost margins and encourage new listings.
Budget 2025: Healthcare experts hope for less GST on medical insurance, funding for paediatric care and more
The healthcare sector demands that the government decide to abolish GST on medical insurance and import duty on life-saving ...
Tougher validation process in GST filing in Phase III of mandatory harmonized system of nomenclature code
Starting from February 2025, taxpayers will need to report HSN codes in GSTR-1 and GSTR-1A forms by selecting the appropriate ...
Most industry leaders express optimism for India's economic landscape: Report
Industry leaders predict India's economic growth to rise to 6-7.9% for FY 2025-26, driven by technological advancements and ...
Daijiworld6d
Extending PLI scheme, uniform GST rate key to boost medical devices market: SBI
Extending the Production Linked Incentive (PLI) scheme and charting a uniform GST rate can be crucial to help boost the medical devices market in India, said a report from the State Bank of India (SBI ...