The Group of Ministers (GoM) on GST rate rationalization has finalized a report recommending adjustments to tax rates on 148 items, with significant implications for the textile sector and luxury…
17 Cryptocurrency Exchanges Face GST Evasion Charges of ₹824.14 Crore
The Ministry of Finance has revealed that 17 cryptocurrency exchanges are under investigation for evading Goods and Services Tax (GST) to the tune of ₹824.14 crore. Minister of State for…
Odisha Reports 10% Growth in GST Collections for November
Odisha recorded a 10% increase in GST collections during November 2024, collecting ₹4,704 crore compared to ₹4,295 crore in November 2023, as per data from the Union Finance Ministry. National…
Centre Proposes GST-Style Panel for Agricultural Marketing Reforms
The Ministry of Agriculture and Farmers’ Welfare has proposed creating an Empowered Committee of State Agricultural Marketing Ministers to streamline agricultural marketing reforms. Modeled on the GST Empowered Committee of…
55th GST Council Meeting to Address Inverted Duty Structure (IDS) Reforms
The 55th GST Council Meeting, scheduled for 21 December 2024, in Jaisalmer, Rajasthan, is expected to focus on resolving critical tax issues, especially those related to the inverted duty structure…
Telangana GST Department Issues Guidelines for Issuing Orders and Show Cause Notices
The Telangana GST Department, through Circular No. CCT's Ref.No.LIV(2)/130/2024, dated October 07, 2024, has provided specific instructions to CTOs, AC(ST)s, and Adjudicating Officers on issuing orders and Show Cause Notices…
Bihar GST (Second Amendment) Bill, 2024 Passed by Voice Vote
The Bihar Goods and Services Tax (Second Amendment) Bill, 2024 was passed by voice vote in the Bihar Assembly on Tuesday. The Bill now moves to the Bihar Legislative Council…
Madhya Pradesh Adopts Biometric Aadhaar Authentication for GST Registrations
The biometric-based Aadhaar authentication and document verification system for new GST registrations is now available in Madhya Pradesh, adding to the list of 18 States/UTs where it has been rolled…
GSTR-3B Due Date Extended to November 30, 2024, for Taxpayers in Manipur
The Central Board of Indirect Taxes and Customs (CBIC), via Notification No. 29/2024–Central Tax dated November 27, 2024, has extended the due date for GSTR-3B filing for October 2024 to…
IGST Refund on Ocean Freight Allowed if Filed Post-Notification Struck Down
The Gujarat High Court, in H K Enterprise v. Union of India & Ors (R/Special Civil Application No. 14119 of 2024, dated November 27, 2024), ruled that refund applications for…