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Tag: Goods And Services Tax GST

People hail GST relief on essentials, traders warn of implementation issues

Posted on September 4, 2025 By admin
People hail GST relief on essentials, traders warn of implementation issues

The Central Government’s overhaul of the Goods and Services Tax (GST) system has been met with optimism in Hyderabad, where residents and traders say the changes will ease household budgets and simplify business compliance. The reforms have slashed taxes on hundreds of consumer goods from soaps to small cars and streamlined the GST structure into…

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Business

GST Revamp: Who benefits? Full item-wise roundup

Posted on September 4, 2025 By admin
GST Revamp: Who benefits? Full item-wise roundup

Finance Minister Nirmala Sitharaman on Wednesday (September 3, 2025) unveiled tax cuts for hundreds of consumer items – from soap to cars – in the biggest overhaul of the Goods and Services Tax (GST), set to take effect from September 22. Briefing reporters after a marathon daylong GST Council meeting, Ms. Sitharaman said all decisions…

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Business

RWAs Liable To Pay GST For Over-Charging Electricity Tariff From Flat Owners

Posted on November 1, 2023 By admin
RWAs Liable To Pay GST For Over-Charging Electricity Tariff From Flat Owners

RWAs liable to pay 18% GST on electricity bills if flat owners charged more than tariff by discoms New Delhi: Real estate developers and RWAs will be liable to pay 18 per cent GST on electricity bills if they charge from flat owners more than the power tariff prescribed by Discoms. The Central Board of…

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Business

GST Collections Rise 13% To Rs 1.72 Lakh Crore In Oct, 2nd Highest-Ever

Posted on November 1, 2023 By admin
GST Collections Rise 13% To Rs 1.72 Lakh Crore In Oct, 2nd Highest-Ever

GST collections increased 13 per cent to Rs 1.72 lakh crore in October. New Delhi: GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand. “GST revenue collection for October 2023 is second highest…

Read More “GST Collections Rise 13% To Rs 1.72 Lakh Crore In Oct, 2nd Highest-Ever” »

Business

GST Collection Surges 11% To Rs 1.59 Lakh Crore In August

Posted on September 2, 2023 By admin
GST Collection Surges 11% To Rs 1.59 Lakh Crore In August

GST collections grew by 11 per cent to over Rs 1.59 lakh crore in August. New Delhi: GST collections grew by 11 per cent to over Rs 1.59 lakh crore in August on the back of improved compliance and reduced evasion, with experts forecasting higher mop-up to continue in the upcoming festive season. The gross…

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