Changes in GST Rates for Services: Recommendations from the 55th GST Council Meeting December 23, 2024by Pooja Gupta Rate this post The GST Council’s 55th meeting, chaired by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman, was held on December 21, 2024, in Jaisalmer, Rajasthan. The Council deliberated on [...]

20 Major Decisions from the 55th GST Council Meeting You Need to Know December 23, 2024by Pooja Gupta Rate this post The 55th GST Council meeting was held on December 21, 2024, in Jaisalmer, Rajasthan, under the chairpersonship of the Union Finance and Corporate Affairs Minister. The council discussed and [...]

Late Fee Waiver for GSTR-9C from FY 2017-18 to 2022-23 December 24, 2024by Pooja Gupta Rate this post Clarification and Waiver on Late Fee for Filing FORM GSTR-9C The 55th GST Council meeting, held on December 21, 2024, recommended several key measures to address compliance challenges faced by taxpayers. One [...]

Advisory for Accurate Entry of Receipt Numbers of Leased Wagons in the E-Way Bill System: Effective January 1, 2025 December 24, 2024by Pooja Gupta Rate this post Issued by: GST Network (GSTN)Date: December 23, 2024 To streamline the transportation of goods via the rail network and ensure seamless processing of [...]

Popcorn and GST: Why Three Tax Rates Sparked a National Debate December 24, 2024by Pooja Gupta Rate this post Popcorn Tax Debate: GST Council’s Clarifications and Reactions The GST Council’s recent clarification on the Goods and Services Tax (GST) rates for various types of popcorn has stirred discussions about the [...]

GST Rate Increase on Old and Used Vehicles December 24, 2024by Pooja Gupta Rate this post The Goods and Service Tax (GST) Council has decided to levy a uniform 18% tax on the margin value of the sale of all used cars by businesses, including electric vehicles. However, the sale [...]

Coming soon: New Track and Trace system in GST, Unique ID to be deployed on goods to check GST evasion December 24, 2024by Pooja Gupta Rate this post India will soon launch a Unique Identification Marking or UIM as part of a “track & trace” mechanism for select evasion-prone commodities [...]

GST Changes for Hotel and Restaurant Services December 25, 2024by Pooja Gupta Rate this post The GST Council, in its 55th meeting, has recommended important changes to the taxation framework for hotel accommodations and restaurant services. These modifications are aimed at linking GST rates to the actual value of supply [...]

GST changes on Renting of Commercial and Residential property Post-55th Council Meeting December 25, 2024by Pooja Gupta Rate this post The 55th GST Council meeting, held on December 21, 2024, brought notable clarifications and updates to the taxation framework for renting of commercial and residential properties. These changes build upon [...]

Will popcorn sold in movie theatres become more expensive? Here’s how much GST will be levied December 25, 2024by Pooja Gupta Rate this post Popcorn sold in movie theatres in loose form will continue to attract GST at the same 5% as they do at restaurants, news agency PTI reported. [...]