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India GST revenue for May 2024 reached ₹1.73 lakh crore, marking a 10% year-on-year growth. Discover the details and trends driving this significant increase....

The 53rd GST Council Meeting, chaired by Finance Minister Nirmala Sitharaman, produced several key recommendations aimed at easing compliance burdens and refining tax rates under GST. Notably, the Council proposed waiving interest and penalties on demand notices under Section 73 of the CGST Act for fiscal years 2017-18 to 2019-20, provide...

AGFTC and ITBA urge amendments to reduce penalties under CGST Act, 2017, proposing fairer penalties for genuine errors. Detailed representation to FM Sitharaman....

Representing Karnataka State Chartered Accountants Association's suggestions for GST Act changes to Hon. Union Minister of Finance, Nirmala Sitharaman. Recommendations aim to streamline tax laws, reduce disputes, and enhance compliance....

KSCAA urges FM Nirmala Sitharaman to reduce mandatory pre-deposit for GST appeals, addressing financial strain and clarifying ambiguities....

KSCAA requests improvements to the Karnataka Professional Tax website to streamline processes for taxpayers and enhance user experience....

GSTR-1A allows taxpayers to promptly rectify any errors or omissions in their GSTR-1 submissions within the same period. This feature ensures that any necessary adjustments can be made before the finalization of GSTR-3B for the corresponding tax period....

Explore the major challenges faced by GST taxpayers in India and recommendations for improvement. Read insights from Rajasthan GST Practitioners Association....

Read about the Central Bureau of Investigation's recent arrest of a Sales Tax Officer for accepting a bribe of Rs. 40,000 from a complainant in Delhi....

Gross GST revenue for May 2024 stands at ₹1.73 lakh crore, marking a 10% y-o-y growth. FY 2024-25 collection till May is ₹3.83 lakh crore, up 11.3%....