4+ day, 5+ hour ago   (238+ words) The average Goods and Services Tax (GST) rate has fallen to 10.84 per cent following the rationalisation of GST rates in September last year, sources said. The average rate stood at 11.4 per cent in 2023. The latest decline comes after the GST…...

4+ day, 7+ hour ago   (755+ words) The 57th meeting of the GST Council has proposed a series of measures aimed at improving ease of doing business, including making the closure of GST registrations automatic in stages, beginning with smaller taxpayers. Under the proposed changes, the final return…...

4+ day, 8+ hour ago   (781+ words) The 57th meeting of the GST Council has proposed a series of process reforms aimed at making registration, returns and refunds easier and faster for businesses. Under the proposed changes, GST registration is already being granted within three working days through…...

4+ day, 8+ hour ago   (202+ words) The 57th GST Council has approved an easier registration mechanism for small sellers using e-commerce platforms, in a move aimed at reducing the compliance burden involved in selling goods across state borders. Under the new framework, eligible sellers will be able…...

4+ day, 9+ hour ago   (481+ words) Here are the 10 most critical decisions and policy changes unveiled by the Finance Minister: Small sellers will no longer need physical offices in every state to sell across India on digital platforms. Merchants with monthly tax liability below Rs 2.5 lakh…...

4+ day, 10+ hour ago   (604+ words) The 57th meeting of the GST Council has proposed a major shift in the way tax enforcement works, including removing the power of arrest under GST, raising the prosecution threshold from Rs 1 crore to Rs 5 crore and lowering the general penalty…...

4+ day, 14+ hour ago   (912+ words) In 2022, Nana Patekar turned an awards-night interview into a taxpayer’s cross-examination, asking then Chief Minister Eknath Shinde and then Deputy CM Devendra Fadnavis why citizens face investigations while, in his words, corrupt netas do not. After his death at 75, that…...

5+ day, 4+ hour ago   (1300+ words) The 57th GST Council meeting, rescheduled for October 8, is set to focus on a range of enforcement and process reforms aimed at making tax compliance easier for businesses, while no major GST rate changes are expected to be taken up. The…...

8+ mon, 1+ week ago   (641+ words) Union Budget 2026 may lack big, flashy tax sops, but it quietly introduces a set of targeted changes that matter for middle-class taxpayers. Rather than broad-based tax cuts, the focus this year is on maintaining existing relief, easing compliance requirements, and…...

8+ mon, 1+ week ago   (319+ words) Buyback Tax Rules Change: The Union Budget 2026 has proposed a key change in the taxation of share buybacks, offering much-needed relief to retail investors. The proposal aims to correct the tax imbalance that made buybacks less attractive for small shareholders…...