Latest updates on GST – Finance, Insurance, Health & More
Stay up-to-date with the latest GST news and updates. Learn about changes in GST rules, new notifications, and developments that impact businesses.
The 57th GST Council Meeting, chaired by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman in New Delhi, introduced a comprehensive suite of process reforms, dispute resolution reliefs, and rationalizations aimed at enhancing the ease of doing business across India. Building on the rate rationalization measures of the 56th meeting, this session focuses on […]
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The Goods and Services Tax (GST) collections for February 2025 have shown a robust 10% growth compared to the same period last year. This upward trend reflects steady economic activity and improved compliance. Let’s break down the key insights from the latest GST data. Key Highlights of GST Collection (February 2025) State-Wise GST Performance While […]
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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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Attention small business owners! The registration window for opting into the GST Composition Scheme for the financial year 2025-26 is closing soon. The window is open from February 4 to March 31, 2025. If you haven’t yet opted for the scheme, now is the time to act. What is the GST Composition Scheme? The GST […]
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