Latest updates on GST – Finance, Insurance, Health & More
Stay informed with the latest GST updates, including changes in laws, policies, rates, and compliance guidelines. Get real-time news and updates to keep your business aligned with GST regulations.
On February 6th, 2025, an important advisory was issued regarding the generation of E-Way Bills (EWB) for goods classified under Chapter 71 of the Central Goods and Services Tax (CGST) Rules, 2017. This chapter includes natural or cultured pearls, precious or semi-precious stones, precious metals, and articles made from these materials, excluding imitation jewelry classified […]
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Goods and Services Tax (GST) compliance is crucial for businesses operating in India. One of the key compliance requirements is the timely filing of GST returns. Missing the due dates can result in penalties and interest charges. In this article, we will discuss the GST monthly return due dates, filing requirements, and penalties for late […]
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The Goods and Services Tax (GST) collections for January 2025 have shown a robust growth, reflecting the resilience and recovery of the Indian economy. The total gross GST revenue collected in January 2025 stands at ₹1,95,506 crore, marking a 12.3% increase compared to January 2024. This growth is a testament to the effective implementation of […]
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The Union Budget 2025-26, presented by Finance Minister Smt. Nirmala Sitharaman, introduces several amendments to the Goods and Services Tax (GST) laws. These changes aim to streamline tax compliance, enhance trade facilitation, and improve tax administration. Here are the key takeaways from the proposed amendments: 1. Distribution of Input Tax Credit for Inter-State Supplies A […]
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The CBIC issued Circular No. 246/03/2025-GST on January 30, 2025, clarifying the late fees for delays in submitting the reconciliation statement in FORM GSTR-9C. The circular addresses stakeholder concerns about late fees under section 47 of the CGST Act, 2017. Download Updated GSTR-9C Format in Excel & PDF Key Points of the Circular: Conclusion: This […]
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