In an effort to make health insurance more accessible and appealing, the Centre is contemplating a reduction in the GST tax rate on health insurance premiums. The proposed decrease would bring the tax rate down to 12% from the current 18% for premiums up to Rs 30,000. As per current market trends, a...

Paying your Goods and Services Tax (GST) has never been easier, with the option to make payments through various banks via e-Payment (Net Banking) and Over the Counter modes. The GSTN (Goods and Services Tax Network) has recently added 27 banks to facilitate this process, providing taxpayers with mo...

The Kerala GST Department has issued a new circular, Circular No: 05/2024 dated April 06, 2024, providing guidelines on the issuance of orders under section 107 and 108 of SGST/CGST/IGST Act related to the numbering of appellate and revisional orders. This circular aims to ensure compliance and stan...

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 08/2024, extending the timeline for the implementation of Notification No. 04/2024. This notification pertains to a new special procedure to be followed by registered persons engaged in the manufacturing of specific g...

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The Calcutta High Court recently delivered a significant judgment in the case of Ashish Kumar Sharma Vs Deputy Commissioner, revolving around the computation of penalty by the GST department. Detailed Analysis: The case stemmed from a dispute over the imposition of a penalty on Ashish Kumar Sharma, ...

There is a new option available for tax payers regarding the import of HSN (Harmonized System of Nomenclature) data from E-Invoices for GSTR 1 regulation. This new option allows tax payers to import HSN data into GSTR 1 from the E-Invoices generated. With this feature, tax payers will be able to imp...

The Appointment committee of Cabinet has approved the appointment of Sanjaya Kumar Mishra, former Chief Justice, Jharkhand High Court as President GST Appellate Tribunal (GSTAT) for 4 years. The selection was made on the recommendations of a Search-Cum-Selection Committee. This will speed up the pro...

1.  GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to navigate. 2.  Key Enhancements Include (PDF with screenshots att...