Also, the 54th GST Council Meeting was held in September and the FM announced some key GST changes. We have published a few important articles that will surely help you make your compliance smoother: Invoice Management System (IMS): Streamlining ITC Claims Through Automated Invoice Processing ...
As of January 2025, individual users conducting UPI transactions are not directly subjected to GST. In its 54th meeting held on 9th September 2024, the GST Council deliberated on imposing an 18% GST on payment aggregators for transactions below ₹2,000. However, no definitive decision was rea...
GST Circular 235/29/2024-GST dated 11-10-2024: Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 54th meeting held on 9 th September 2024 at New Delhi GST Circular 234/28/2024-GST dated 11-10-2024: Clarifications regarding appl...
The Recommendations during the 54th meeting of the GST Council in New Delhi. Read Press Release 09th September 2024 GSTN department has enabled GST payment via UPI and debit or credit card for Arunachal Pradesh taxpayers. View More The GST department has issued a new advisory for taxpayers in...
Prelims level: 54th meeting of GST Council Why in the News? The 54th GST Council meeting, chaired by Union Finance Minister was held recently. Recommendations from the 54th GST Council Meeting: GST Rate Changes for Goods Namkeens and Savory Products GST on extruded/expanded savoury products reduce...
54th GST Council Meeting – A GST rate from 12% to 5% reduced on cancer drugs like Trastuzumab Deruxtecan, Osimertinib, and Durvalumab. A decision has been made to GST-exempt Dinutuximab (Quarziba) medicine from IGST when imported for personal use according to the 50th GST Council. The ...
Revenues from online gaming increased by 412%, stated Finance Minister Nirmala Sitharaman on September 9, after the 54th GST Council meeting, according toan INC 42 report. Collections have jumped five times to Rs. 6,909 crore in only six months, from Rs. 1,349 crore in th...
Regardless, the governmentearned substantialGST revenue from online gaming within six months of the tax hike, as revealed by the Finance Minister during the 54th GST Council Meeting. Collections jumped five times to Rs. 6,909 crore in only six months, from Rs. 1,349 crore in the preceding ...
54th GST Council Meeting - September 09, 2024 The 54th GST Council was held on 9th September, 2024 in New Delhi. It was chaired by the Union Finance and Corporate Affairs Minister and was attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa and ...
54thGST Council Meeting - September 09, 2024 The 54th GST Council was held on 9thSeptember, 2024 in New Delhi. It was chaired by the Union Finance and Corporate Affairs Minister and was attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa and Meghala...